Category Archives: Fiduciary Management

Pensions crisis: one in 10 forced to delay retirement

Posted on February 15, 2012 by henry tapper

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 →

Posted in annuity, auto-enrolment, de-risking, Fiduciary Management, happiness, Henry Tapper blog, Martin Lewis | Tagged , , , , , , , , | 9 Comments

Popcorn Pensions III – transforming the business of Pensions

Posted on January 28, 2012 by henry tapper

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 →

Posted in annuity, customer service, dc pensions, Fiduciary Management, Management, pension playpen, pensions | Tagged , , , , , , , , | 11 Comments

Controlling wealth is not the same as generating wealth

Posted on January 26, 2012 by henry tapper

IFAs Control £591bn of Britain’s wealth. That’s a whole lot of moley. Continue reading →

Posted in Bankers, corporate governance, Fiduciary Management, Horse racing, Management, Retirement | Tagged , , , , , , , | 2 Comments

To get better pensions we need to share risk

Posted on January 17, 2012 by henry tapper

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 , , , , , , , , | 9 Comments

Can we have a word Mr Webb?

Posted on January 14, 2012 by henry tapper

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 , , , , , , , , , | 14 Comments

Rich Hedgehogs, poor clients

Posted on January 11, 2012 by henry tapper

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 →

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Popcorn pensions

Posted on January 10, 2012 by henry tapper

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 , , , , , , | 11 Comments

Sorting the pensions of the “squeezed middle”.

Posted on January 5, 2012 by henry tapper

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 , , , , , , , , , , | 10 Comments

I have seen the future of DC (part 84)

Posted on December 20, 2011 by henry tapper

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.
Continue reading →

Posted in annuity, Bankers, corporate governance, customer service, dc pensions, de-risking, Fiduciary Management, NEST | Tagged , , , , , , , | 1 Comment

Unexpected risks – people just don’t get pensions (education).

Posted on December 19, 2011 by henry tapper

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 , , , , , , , | 6 Comments