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Category Archives: dc pensions
Bigger Pots and Bigger Pensions through Open Finance
‘Breaking Banks: A blueprint for Open Finance that puts customers first’ puts forward a series of recommendations to help create a functional Open Finance ecosystem in a post-Brexit economy. Within the report, COADEC calls for the UK government to break … Continue reading
Posted in advice gap, Dashboard, dc pensions
Tagged Coadec, open finance, Pension Bee, Pension Dashboard, pension dashboards, Pensions
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A breakthrough in measuring the quality of DC scheme data.
One of the critical issues facing Government in establishing a pensions dashboard is “data readiness”. Currently it is in a relatively weak position to argue that schemes are or aren’t dashboard ready, since it has no way either to … Continue reading
Posted in advice gap, age wage, Dashboard, dc pensions, digital
Tagged advice, auto enrolment, Business, Business and Economy, Dashboard, Data, DWP, Government, pension
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Pensions are stranded off-line; this must change!
Alistair “@HelloMcQueen “McQueen has the knack of finding insights where others fail to look. Here he is showing us how our behavior has changed radically as a result of a little spikey ball that none but scientists has seen and … Continue reading
Posted in advice gap, Dashboard, dc pensions
Tagged Dashboard, lost pots, PDP, Pension Dashboard
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Which comes first – the dashboard or the data?
I’m doing a call this morning with some pension strategy people , some from Fintech and some representing “old tech”. It’s a timely discussion as the Scottish National Party limbers up to put a spoke in the wheels of an … Continue reading
Posted in advice gap, Dashboard, dc pensions, de-risking, Technology
Tagged auto enrolment, Business, chicken, Dashboard, dc pensions, egg, open pensions, Pensions
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DB pensions are in a hole, let’s swap the DWP’s spade for a ladder
Bowles my liege… It’s a great shame to read Guy Opperman excising Sharon Bowles amendment to the Pensions Act. The Bowles amendment would give open pension schemes the capacity to be funded as ongoing concerns rather than being … Continue reading
Posted in dc pensions, de-risking, DWP
Tagged Con Keating, Guy Opperman, LCP, Pension Schemes Bill, Pensions, RailPen, Sharon Bowles
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The conversion of the Pension Plowman
I had a bit of a ding-dong with Guy Opperman earlier in the year when I disagreed with him about getting illiquid investments into our workplace pension “Backing annuities – yes, backing DB scheme pensions -yes, but shoe-horned into DC … Continue reading
Posted in actuaries, advice gap, dc pensions, DWP, pensions
Tagged ESG, Impact investment, Infrastructure, Private Equity, social purpose
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Seven ways to improve Defined Benefit funding
In March 2020, The Pensions Regulator (TPR) opened a consultation on its proposed revisions to the DB funding code. In framing its response, First Actuarial proposes seven ways to change DB funding for the better. What do we want the … Continue reading
Posted in accountants, dc pensions, de-risking
Tagged #Pensiondebate, DB Funding Code, pension, TPR
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DC Governance – “for the saver not the sponsor”.
The simplest way of looking at the shift from DB to DC in the UK over the past 25 years as a risk transfer from collective (underwritten by a sponsor) to individual (with no underwriting – even where there is … Continue reading
Posted in advice gap, age wage, Dashboard, dc pensions, pensions
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How can pensions be giving savers VFM but not be dashboard ready?
Outcomes for dough, portals for show! Over the weekend, I’ve been thinking about how I can judge the quality of service I receive from my pension provider. As a consumer there are a number of things I would like … Continue reading
Posted in customer service, Dashboard, dc pensions, pensions
Tagged AgeWage, Dashboards, Data, pension dashboards, Value for Money, VFM
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Should the tax-payer subsidise the cost of vertically integrated advice?
The cost of pensions tax-relief is likely to be a burning issue in the months ahead. The tax-payer is supposed to incentivise good behavior. Pre-funding retirement income leads to self-sufficiency and independence on younger generations in later life. That’s … Continue reading
Posted in advice gap, age wage, dc pensions, pensions
Tagged advice, cross-subsidy, financial advice, SJP, Vertical integration
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