Category Archives: defined aspiration

“We are as concerned as we can afford to be”

Posted on June 27, 2014 by henry tapper

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 , , , , , , , , , , , , , , , | Leave a comment

The Queens Speech; the sausage sandwich game – for pensions!

Posted on June 4, 2014 by henry tapper

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 →

Posted in advice gap, David Pitt-Watson, dc pensions, defined aspiration, pensions | Tagged , , , , , , , , , , , , , , | Leave a comment

Target Pension Plans

Posted on May 7, 2014 by henry tapper

 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 →

Posted in actuaries, advice gap, auto-enrolment, David Pitt-Watson, dc pensions, defined aspiration, Personality | Tagged , , , , , , , , , , , , | 6 Comments

How I want my hard-saved earnings – thoughts on a walk!

Posted on May 5, 2014 by henry tapper

  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 , , , , , , , , , , , , | 4 Comments

Princess Margaret does it for me

Posted on April 28, 2014 by henry tapper

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 , , , , | Leave a comment

All the right funds- not necessarily in the right order (a budget prescient blog)

Posted on March 19, 2014 by henry tapper

  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 , , , , , , , , , , , , , , , , , , , , , , | 4 Comments

Buying pensions with certainty need not cost the house

Posted on February 10, 2014 by henry tapper

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 →

Posted in dc pensions, defined aspiration, pensions, Public sector pensions | Tagged , , , , , , , , , , , , , , | Leave a comment

A full frontal retreat on charges

Posted on January 24, 2014 by henry tapper

If we are to restore public confidence in pensions, we need action not more procrastination. Continue reading →

Posted in advice gap, annuity, auto-enrolment, dc pensions, defined aspiration, pension playpen, pensions, Popcorn Pensions | Tagged , , , , , , , , , | 1 Comment

What’s this charge cap really going to cost? (1000th blog)

Posted on December 22, 2013 by henry tapper

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 →

Posted in club pension, dc pensions, defined aspiration, governance, Liberal Democrats, pension playpen, pensions, Popcorn Pensions, Retail Distribution Review, Retirement | 2 Comments

A race to the top?

Posted on December 12, 2013 by henry tapper

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 →

Posted in actuaries, annuity, CDC, Change, dc pensions, de-risking, defined aspiration, happiness | Tagged , , , , , , , , , , , | 1 Comment