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Category Archives: dc pensions
The state of corporate advice at #casummit
The corporate adviser summit has been held every October in a swanky hotel somewhere in the home counties. This year we are in a frightful faux castle near Horsham complete with fake arrow slits and other accoutrements of the English … Continue reading
Posted in advice gap, annuity, auto-enrolment, dc pensions, Retirement
Tagged AE, auto enrolment, casummit, RDR
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CDC schemes and Ponzi Schemes – a guest blog by Derek Benstead
A tweet is long enough to write an idiocy but not long enough to make a reasoned argument. The quoted tweets from PJ Zoulias in Henry Tapper’s recent blog say nothing meaningful to give a reasoned response to. I’ll give … Continue reading
Posted in CDC, dc pensions, pensions, Retirement
Tagged CDC, Derek Benstead, Pensioin PlayPen, pension, Pension Plowman, Ponzi scheme
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In defence of genius.
Genius is not just misunderstood – it is persecuted. Those who didn’t get Copernicus, Galileo, Wordsworth or Darwin did not ignore these genius’, they set out to do them in. Bob Dylan when he laid out his Highway 61 album … Continue reading
Posted in actuaries, advice gap, CDC, David Pitt-Watson, dc pensions, pension playpen, pensions, Pensions Regulator
Tagged Actuary, Business, Business and Economy, CDC, corporate governance, dc pensions, Derek Benstead, DWP, Financial services, GAD, Genius, National Employment Savings Trust, pension, Pensions Minister, Retirement, Steve Webb, Steve Webb MP, twitter
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CDC designed by an enlightened actuary -Derek Benstead!
When I started out in insurance my sales manager told me: “Don’t sell a solution until you’ve understood the problem.” So far, collective defined contribution is a solution that is so short on detail we can only suppose what … Continue reading
Posted in actuaries, advice gap, auto-enrolment, dc pensions, pensions
Tagged CDC, DA, DB, dc, Derek Benstead, first actuarial, pension, pensions
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Auto-enrolment – matching payrolls to pensions.
The big payroll/pension issue There are, according to one payroll software development we have spoken to, 42 separate interfaces between payroll and HR and the various workplace pension providers. Not all payrolls are prepared to build processes to accommodate each … Continue reading
Posted in dc pensions, Payroll, pensions, Pensions Regulator
Tagged Actuarial science, AMC, auto enrolment, corporate governance, corporate risk
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“Retirement reforms and the Guidance Guarantee” – The Pension PlayPen’s response
This is the Pension PlayPen submission to the FCA’s consultation CP14/11 Pension PlayPen is a website dedicated to helping small employers and their advisers find good quality workplace pension plans. It was founded in 2013 by Henry Tapper with … Continue reading
Posted in dc pensions, Financial Conduct Authority, pension playpen, pensions
Tagged Business, Business and Economy, Consultation, dc pensions, Defined benefit pension plan, FCA, Financial services, Financial Services Authority, Guidance Guarantee, pension, Pension new, pension playpen, Retirement
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“Value for money” key to DC Governance say FCA.
The FCA published yesterday an important consultation (CPA14/16) proposing rules for independent governance committees (IGCs). The introduction of IGCs was agreed by the ABI as part of a deal with the Office of Fair Trading that fended off insurers being referred to a more serious investigation. The main … Continue reading
Posted in accountants, advice gap, dc pensions, FCA
Tagged dc, DC Governance, FCA, governance
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The great pensions rotation
“Everything dies honey that’s a fact, and everything that dies some day comes back” – Bruce Springsteen DB died the day they guaranteed indexation. DA will be born the day they take that guarantee away. Ring out the old, ring … Continue reading
Posted in dc pensions, de-risking, defined ambition, defined aspiration, FSA, pension playpen, pensions, Pensions Regulator
Tagged Business, DA, DB pensions, dc, Defined Ambition, Employment, Financial services, National Employment Savings Trust, pension, Pension new, pension playpen, pensions, Retirement
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“We are as concerned as we can afford to be”
The DWP has now presented the draft bill that will enable Defined Ambition pensions to be set up, probably from this time in 2016. While lawyers pour over the clauses, it’s worth considering the responses the Government received to the ideas … Continue reading
Posted in David Pitt-Watson, dc pensions, defined ambition, defined aspiration, drawdown, pensions, Pensions Regulator, Public sector pensions
Tagged Business, CDC, Consultants, Defined Ambition, Defined benefit pension plan, DWP, Employment, Financial services, Government, Legislation, National Employment Savings Trust, pension, pensions, Pensions Bill, Retirement, Steve Webb
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Auto-enrolment needs common data standards!
At a recent meeting of the CIPP’s working group “The Friends of AE”, (FoAE) concern was expressed to Pensions Minister Steve Webb that without the introduction of a common data standards, the wheels might fall off auto-enrolment. According to … Continue reading
Posted in actuaries, auto-enrolment, dc pensions, pensions
Tagged auto enrolment, auto-enrolment.DWP.Paul Johnson, Business, common data standard, corporate governance, corporate risk, Data, de-risking, DWP, Employment, National Employment Savings Trust, pensions, Retirement, Steve Webb
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