Category Archives: Fiduciary Management
Pensions crisis: one in 10 forced to delay retirement
Pummeting annuity rates and poor investment returns means thousands cannot afford to stop work. One in 10 of those due to retire this year will delay taking their pension, as a combination of plummeting annuity rates and poor investment … Continue reading
Popcorn Pensions III – transforming the business of Pensions
If you’ve been following my posts recently, (thanks) you’ll be aware of a thread defined by the phrase “Popcorn Pensions” that refers to my friend Peter Shellswell’s KFC moment. Peter told me over the Popcorn Chicken that he’d decided to move on from … Continue reading
Controlling wealth is not the same as generating wealth
IFAs Control £591bn of Britain’s wealth. That’s a whole lot of moley. Continue reading
To get better pensions we need to share risk
Yesterday, Steve Webb announced he was to review the level of protection that needed to be provided to private pensions in payment. His intention is to help the solvency of defined benefit schemes which might need to reserve less for future guarantees. He is … Continue reading
Posted in annuity, corporate governance, dc pensions, de-risking, EU Solvency II, Fiduciary Management, Management, NEST, pensions, Retirement
Tagged CDC, Defined benefit pension plan, Derek, Dutch, Employment, pension, Standard Life, Steve Webb, trustee
9 Comments
Can we have a word Mr Webb?
You mentioned that there should be a default position (on mallowstreet). I have argued that there is a default decumulation position, it is a level single life annuity provided by the insurer that managed your pension accumulation. This is a “pot-luck” position and many are buying appalling annuities as a result. This is at the root of what we, Robin Ellison, Con Keating, Alan Higham , the AMNT and Kevin Wesbroom, (to name but a handful of those calling for change), are trying to address. Continue reading
Posted in annuity, auto-enrolment, corporate governance, customer service, dc pensions, de-risking, Fiduciary Management, Liberal Democrats, NEST, Nick Clegg, pension playpen, pensions, Personal Accounts, Retirement
Tagged Civil service, Con Keating, Derek, Dutch, Dutch people, Government, Life annuity, pension, Pension Protection Fund, Steve Webb
14 Comments
Rich Hedgehogs, poor clients
From the Economist HEDGE-fund managers are the smartest investors around. With keen eyes and sharp brains, they spot and exploit inefficiencies in the markets. Or at least that is what the industry tells its clients. There is no doubt that hedge-fund … Continue reading
Popcorn pensions
I was sitting in Kentucky Fried Chicken with my friend Mr Peter Shellswell last week. We were eating the salad in case you are wondering. Popcorn chicken and gravy is my fave but we’d decided to be good. Continue reading
Posted in auto-enrolment, corporate governance, customer service, dc pensions, de-risking, EU Solvency II, Fiduciary Management, mallowstreet, pension playpen, Retirement, social media
Tagged Business, Canada, Defined benefit pension plan, Employment, Human Resources, Ken Dodd, regulation
11 Comments
Sorting the pensions of the “squeezed middle”.
There are three distinct streams among those old enough to work and young enough not to, Stream One is for those who can look forward to retirement with a degree of confidence because their employer is guaranteeing it. They are primarily … Continue reading
Posted in annuity, Bankers, corporate governance, dc pensions, de-risking, EU Solvency II, Fiduciary Management, FSA, Henry Tapper blog, Liability Driven Investment, Martin Lewis, NEST, pensions, Personal Accounts, Retail Distribution Review, Retirement
Tagged Government, Insurance, Open Market Option, pension, Pensions Management Institute, Retirement, Single-stream recycling, Solvency II, Stream, Tom McPhail, Treasury
10 Comments
I have seen the future of DC (part 84)
The future for DC may well be a fund manager’s future but it’s a fund manager with big ears and a small mouth who is most likely to win.
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Unexpected risks – people just don’t get pensions (education).
We’re all aware that investing in the stockmarket is a “risky” business, it’s easy to understand how the sharp falls in stock markets impact on your savings and as stock market falls are the staple of media reporting, it’s not surprising that … Continue reading
Posted in annuity, Bankers, corporate governance, customer service, dc pensions, de-risking, Fiduciary Management, FSA, NEST, pension playpen, pensions, Retail Distribution Review, Retirement, Treasury
Tagged Financial services, Government Actuary's Department, Holborn, National Employment Savings Trust, pension, Solvency II, Stock market, Sunday Telegraph
6 Comments