Category Archives: dc pensions

DC Governance turned upside down

Everyone acknowledges that defined contribution pensions turns the risk register on its head. Instead of sponsors taking the risk of poor performance, poor information and poor governance, these risks are now taken by savers. So why doesn’t scheme governance reflect … Continue reading

Posted in advice gap, age wage, cardano, corporate governance, dc pensions, FCA, Financial Conduct Authority, pensions | 1 Comment

Pensions need a “dashboard-ready” standard

Jo Cumbo has called out the “elephant in the room” as the data quality of the pension schemes that look after  our money , our data and our resources for security in retirement. If data is money them money is … Continue reading

Posted in advice gap, age wage, Dashboard, dc pensions, pensions | Tagged , , , , , | 1 Comment

Concerns about Pension Dashboard transparency (and how to calm them)

  “The Pensions Schemes Bill makes provision for Pensions Dashboards which will provide everyone with clear simple access to all of their pension information on one portal”. This quote, from Francis Goss, who is on the dashboard working group, tells … Continue reading

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A pensions dashboard really would help

  With a Queens Speech and a pensions bill only a week away, it’s timely of the Times to publish research from Ipsos Mori on the plight of UK retirement savers trying to keep track of their savings. This piece … Continue reading

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Con Keating asks “Does life-styling make sense?”

  In the course of my recent work on value for money metrics, I have come across several schemes which apply life styling to older ages and many have argued that these strategies merit a benchmark which differs from the … Continue reading

Posted in actuaries, advice gap, dc pensions, de-risking, pensions | Tagged , , , | 9 Comments

Get to gnome your pension.

I’m very pleased that my friends at the DWP have asked me to promote their new social media campaign designed for us to get to know our pensions. These clever people have sent me a link that allows me to … Continue reading

Posted in advice gap, age wage, Dashboard, dc pensions, DWP, pensions | Tagged , , , | 2 Comments

Dashboard? – we’re dash-less and bored!

  The title was my summation of a discussion of dashboard progress over the past four years. We’d been talking about what the general public want and had landed on precisely the model illustrated at the top of the blog. … Continue reading

Posted in age wage, Bankers, customer service, Dashboard, dc pensions, pensions | Tagged , , , , , | 4 Comments

NEST, technology and personalisation

I really admire this Rowlands chap. I’ve know him for the best part of 30 years and in all that time he has never been anything but a gent. He’s now a Director at NEST and I urge you to … Continue reading

Posted in advice gap, age wage, dc pensions, DWP, FCA, Financial Education, NEST, pensions | Tagged , , , , , | Leave a comment

Convince or collapse – the options for small DB schemes in the next decade.

    We stand on the cusp of the third decade of the 21st century. That decade is likely to see small DB schemes collapse into consolidators or stand firm with renewed conviction. I wonder if I will still be … Continue reading

Posted in CDC, dc pensions, de-risking, defined ambition, defined aspiration, pensions | Tagged , , , , , | 2 Comments

Do we have to wait for the car crash, before we mend the road? CP19/25

Around £12bn worth of DB pension pots could have been subjected to poor transfer advice, based on these FCA figures. This is over one year alone. pic.twitter.com/eUPWu8UoL0 — Josephine Cumbo (@JosephineCumbo) July 30, 2019 It is now too late to … Continue reading

Posted in advice gap, age wage, BSPS, dc pensions, de-risking, pensions | Tagged , , | 4 Comments