Category Archives: dc pensions

Should we have a say over the voting of our shares?

Posted on September 22, 2021 by henry tapper

It’s not often that you see a Linked in post that reads like this. But it’s not often that you read a Government paper that is this forthright. There is a gap between demand from clients – which needs to … Continue reading →

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CDC and Individual DC Outcomes – Iain Clacher and Con Keating

Posted on August 11, 2021 by henry tapper

  As a prelude to considering notional contribution allocation within a CDC scheme, it is worth asking the question as to how a 64-year-old and 24-year-old might have fared had they been in individual DC rather than in collective DC … Continue reading →

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Bigger Pots and Bigger Pensions through Open Finance

Posted on December 9, 2020 by henry tapper

‘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 →

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A breakthrough in measuring the quality of DC scheme data.

Posted on December 4, 2020 by henry tapper

  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 , , , , , , , , | 3 Comments

Pensions are stranded off-line; this must change!

Posted on December 3, 2020 by henry tapper

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 →

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Which comes first – the dashboard or the data?

Posted on October 27, 2020 by henry tapper

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 →

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DB pensions are in a hole, let’s swap the DWP’s spade for a ladder

Posted on October 24, 2020 by henry tapper

    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 , , , , , , | 2 Comments

The conversion of the Pension Plowman

Posted on October 10, 2020 by henry tapper

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 , , , , | 2 Comments

Seven ways to improve Defined Benefit funding

Posted on September 10, 2020 by henry tapper

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 , , , | 2 Comments

DC Governance – “for the saver not the sponsor”.

Posted on August 3, 2020 by henry tapper

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 →

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