Category Archives: economics

Lifetime pricing – a broken model?


    Of all the orthodoxies within pension insurance, the concept of “lifetime pricing” is the most sacred. What Lifetime pricing means for an insurance company is the promise of a stable stream of profit from an insurance policy over … Continue reading

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Why pensions pinch your pay packet


We now know that we are unlikely to get a national pay rise for the rest of the decade. We are worse off in terms of wages than we were ten years ago. What we get paid matters and with … Continue reading

Posted in accountants, actuaries, economics, pension playpen, pensions | Tagged , , , , | Leave a comment

Opt in to certainty


My partner has come up with a very simple way to improve DC. Her suggestion is this. Large DC plans simply set a level of pension they can afford to pay from the funds within the plan and this is … Continue reading

Posted in annuity, David Pitt-Watson, dc pensions, economics, pensions | 4 Comments

How the banks try to f*ck us – and how we deal with them


It’s Sunday morning and I am reading a poem written around 1936 by Ezra Pound. It is about Usury , in this context the bad practice of the Medici Bank which Pound claimed screwed up the great artistic achievements of medieval … Continue reading

Posted in economics, ezra pound, Fiduciary Management, Financial Education, Fred Goodwin, governance, happiness, pensions, poetry, Popcorn Pensions | Tagged , , , , , , , | Leave a comment

The solid value of insurance


“The people I talk to full into one of two categories, either you’ve built up some money and want to hang onto it, or you are looking to .” That was our opening gambit when we met with prospects. I … Continue reading

Posted in economics, Fiduciary Management, life insurance, pensions | Tagged , , , , , , , | 1 Comment

Whose risk is it anyway?


The Government wants us to think about pension risk sharing… To consider how much responsibility we can take for our own financial welfare when we’re really old. To consider what our employers can do to help And consider (which they talk of quietly)  … Continue reading

Posted in actuaries, auto-enrolment, dc pensions, de-risking, defined aspiration, economics, pensions, Personal Accounts, Retirement | 5 Comments

End of an epoch?


This is an article by Con Keating, reproduced with his kind permission. It’s hard but it’s worth it- Con is the cleverest man in town. The demise of the Bretton Woods system in the 1970s was epoch-defining; it constituted a massive shift of … Continue reading

Posted in Bankers, Change, economics, EU Solvency II, Treasury | Leave a comment

Savvy punters will drive down pension charges.


Inefficient markets – don’t you just love ’em! We all love a bargain whether at the local boot or in the stock market. There was a time when I believed I could pick a stock or a horse and beat … Continue reading

Posted in auto-enrolment, Bankers, dc pensions, defined aspiration, economics, Horse racing, leadership, Management, Martin Lewis, NEST, pensions, Retail Distribution Review | Tagged , , , , , , , , , , | 6 Comments

Reformation The Mallowstreet Party


Vincent Franklin looked out from what used to be the roof of City Telephone Exchange. The Exchange (according to Con Keating) had walls fifteen metres thick and had been built to withstand a nuclear bomb. They’d pulled it down to … Continue reading

Posted in Bankers, Change, Church of England, corporate governance, economics, Fred Goodwin, leadership, mallowstreet, Olympics, Olympics 2012, pension playpen, pensions, redington, Retirement | Tagged , , , , , , , , | 5 Comments

The Regulator Strikes Back – Barclays, fund platforms and the FSA


I quote some of an article by matthew.vincent@ft.com  which is quite brilliant (link here) – I won’t ever write this well! The Financial Times continues to provide the world’s best coverage of financial issues – thank goodness we live in a world … Continue reading

Posted in Bankers, customer service, economics, Fiduciary Management, FSA, Greece, Horse racing, pensions | Tagged , , , , , , , | 3 Comments