Category Archives: defined aspiration
“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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The Queens Speech; the sausage sandwich game – for pensions!
The Pensions Reforms in the Queens Speech had been broadly flagged in the Sunday Telegraph and subsequently. Nonetheless, the inclusion of Defined Ambition Pensions (aka CDC) (aka Target Pensions) is still a major surprise and will further stretch the UK … Continue reading
Target Pension Plans
This is a briefing to employers and politicians from the Friends of CDC. Target Pension Plans are a new type of pension plan for the UK. Also known as Collective DC plans, they work on a pooled basis, where members … Continue reading
How I want my hard-saved earnings – thoughts on a walk!
Not many people fantasize about the letter they will get from their workplace pension provider when they get to the point they can start spending their hard- saved earnings. As I made my way around Studland Bay, Old Harry … Continue reading
Posted in advice gap, annuity, Bankers, Blogging, CDC, dc pensions, defined aspiration, FCA, Financial Conduct Authority, NEST, pension playpen, pensions
Tagged advice, dc pensions, Defined benefit pension plan, DWP, Employment, Government, Guidance, pension, pension playpen, Pension Protection Fund, pensions, Retirement, Steve Webb
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Princess Margaret does it for me
Thursday night’s when the Pension Personality awards get judged. That no-one can remember who the current Pension Personality is , suggests that this is about as useful a gong as Gillingham and Shaftesbury Carnival Queen which I once entered in … Continue reading
Posted in Change, Charity, dc pensions, de-risking, defined aspiration, pensions
Tagged grosvenor house, Incisice, May 1st, pension, Pension Personality
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All the right funds- not necessarily in the right order (a budget prescient blog)
I wrote this blog hours before the budget which abolished annuities. For some reason I decided this morning, to write about investment as if annuities didn’t exist. From 2015, for new pensioners- they will no longer be the default, … Continue reading
Posted in auto-enrolment, CDC, corporate governance, dc pensions, de-risking, defined aspiration, Payroll, pension playpen, pensions, Popcorn Pensions
Tagged annuity, Business, Business and Economy, Collective Pensions, consumptions, corporate governance, corporate risk, dc pensions, de-risking, decumulation, Defined benefit pension plan, DGF, Diverification, Employment, Financial services, free-lunch, National Employment Savings Trust, notes, order, pension, pensions, Retirement, Steve Webb
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Buying pensions with certainty need not cost the house
it’s time that the Government progressed its role as a partner in private provision, further than the tentative steps it has taken this parliamentary term. Continue reading
A full frontal retreat on charges
If we are to restore public confidence in pensions, we need action not more procrastination. Continue reading
What’s this charge cap really going to cost? (1000th blog)
Ringing out the old and ringing in the new should be managed with a little more responsibility than the approach adopted by the DWP through their dodgy Impact Assessment Continue reading
A race to the top?
We will not get this problem sorted out in a meeting room in the DWP, though the DWP can clear the decks and allow us to operate with a clean sheet of paper. Continue reading