Category Archives: DWP

A method for the madness. Is the DWP Select Committee – pension’s best hope?


The diverse agenda of the DWP Select Committee might be considered madness. I am not going to write that their is method in this madness as it’s clear to me that we cannot properly consider freedoms, without looking at CDC for … Continue reading

Posted in drawdown, DWP, governance, Henry Tapper blog, pensions | Tagged , , , , , | 4 Comments

A time of trust – not guarantees.


About the time that I was ranting to TISA about the complacency with which we are dismantling the retirement promises made to those who were promised a DB pension based on the years they worked with the company;- this happened! … Continue reading

Posted in CDC, DWP, FSA, Music, pensions | Tagged , , , , , , , , , , , | 3 Comments

DWP now leads the way on cost disclosure


  What’s this about? In a first-rate document, the DWP have set out radical proposals to allow ordinary people to see and compare the costs  their trustees are paying for the investment of their pension money. These proposals go well beyond … Continue reading

Posted in accountants, advice gap, drawdown, DWP, IGC, pensions | Tagged , , , , , | Leave a comment

Aren’t Employer and Union’s interests aligned at USS?


  Adrian Boulding has left a comment on yesterday’s blog that is rather better than the blog itself. As I am on the last day of my holiday in Paris, I will blog the comment and add a few thoughts … Continue reading

Posted in advice gap, DWP, pensions | Tagged , , , , , , | 3 Comments

Innovative pensions for the mass of us!


In its Retirement Outcome Review (interim report), the FCA were clear on  evidence of a problem The blame lies not with thick consumers but with lack of competition If competition is not working effectively and consumers make uninformed retirement income decisions this could lead to … Continue reading

Posted in advice gap, auto-enrolment, DWP, pensions | Tagged , , , , , , , | 7 Comments

Of nuclear deterrents, sledgehammers and nuts – (DWP Select on DB)


The 90 page report on the state of our defined benefit pension schemes is published this morning. From first to last it is the work of Frank Field, it begins with BHS and ends with BHS, the confrontation with Philip … Continue reading

Posted in defined ambition, DWP, pensions, Pensions Regulator, workplace pensions | Tagged , , , , , , , | Leave a comment

A “tax on a tax” – VAT on auto-enrolment bills


The Government is encouraging us to think of auto-enrolment for micros as an extension of the success story it has been for larger employers. But things are very different for smaller employers – especially when it comes to tax. Many … Continue reading

Posted in accountants, auto-enrolment, DWP, pensions | Tagged , , , , , , , , | Leave a comment

(Workplace) Isa ain’t gonna wash for a week!


  A radical idea Michael Johnson has published his proposal for a workplace ISA, Michael has explained this to me before and has explained his proposals publicly to the DWP Select Committee. The proposal is not just to include an ISA … Continue reading

Posted in Australia, auto-enrolment, DWP, Payroll, pensions | Tagged , , , , , , , | 3 Comments

NEST is not a financial soup-kitchen.


For some time , I and others advising on workplace pensions have been calling for NEST to make a clear statement on charging employers for NEST support. Now we have it . In case you can’t press the link , here … Continue reading

Posted in auto-enrolment, DWP, governance, NEST, Payroll, pension playpen, pensions | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Simplifying AE – why the workforce assessment IS worth it


The Government is calling for ideas to simplify auto-enrolment.  I had an interesting discussion with a senior payroll policy lobbyist yesterday. She argues that the “workforce assessment” is too problematic to become part of the normal payroll function of Britain’s … Continue reading

Posted in accountants, advice gap, auto-enrolment, DWP, pensions, Pensions Regulator, risk, Ros Altmann, welfare | Tagged , , , , , , , , , , , , , | 1 Comment