Category Archives: Financial Education

What do we mean by Independent Financial Education?


This is an article that my firm First Actuarial have been sending to their clients. It’s so clear and simple, I thought I’d share it. Of course we’ll be sending it to Andy Haldane at the Bank of England! What … Continue reading

Posted in Bankers, Financial Education, First Actuarial, pensions | Tagged , , , , , , , , , , | Leave a comment

Pension Freedoms need a Pension Dashboard


Jo Cumbo asks how the Pension Freedoms are bedding down. I don’t have access to the big data of an insurer but I am 54 and am now only six months from my entitlement to blow my savings on whatever I … Continue reading

Posted in Financial Education, First Actuarial, Pension Freedoms, pension playpen, pensions | Tagged , , , , , , , , | 2 Comments

Paying for other people’s pensions


I’ve said it before on this blog, but I’ll say it again. The amount of Council Tax many people pay to fund other people’s pensions exceeds their own contributions into pensions, even when they’ve been auto-enrolled into “workie”.   “You … Continue reading

Posted in de-risking, Financial Education, governance, infrastucture, investment, leadership, pensions | Tagged , , , , , , | 3 Comments

The perils of Pre-Selection


Yesterday was dominated by one word – choice. During the day I attended the ICAEW Auto-enrolment conference with around 120 accountants. It was a very serious event, enlivened by an outburst from the floor as an accountant objected to the … Continue reading

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Magic beans and “negative capability”


Negative capability describes the capacity of human beings to transcend and revise their contexts. If we dismiss it as “magic beans” we are committed to repeating the mistakes of the past – and- as we all know – that way is madness. Continue reading

Posted in Change, corporate governance, drawdown, Financial Education, happiness, Pension Freedoms | Tagged , , , , , , , , , , , , , , , , , , , , , | 6 Comments

Don’t underestimate SME’s hunger for investment know-how!


I am  frustrated by the capitulation of many in the pension industry to the challenge faced by inducting 1.2m new employers into our funded pension culture. The Pension Apartheid practiced by the investment elite At a recent event, Joanne Segers, CEO … Continue reading

Posted in Australia, Financial Conduct Authority, Financial Education, First Actuarial, Pension Freedoms, pension playpen, pensions, Pensions Regulator | Tagged , , , , , , , , , , , , | Leave a comment

It’s only human nature after all!


  It’s natural for us to crave money but we are not natural money saving experts. Debate has raged on this blog and on the Pension Play Pen group pages as to whether Pensions Wise is doomed along with the … Continue reading

Posted in Financial Education, First Actuarial, Pension Freedoms, pension playpen, pensions | Tagged , , , , , , , , | 4 Comments

Haven’t employers done their bit?


Employers have a right to feel put upon. I hear that the Pensions Minister is disappointed that large employers are not interested in delivering pension freedoms to retiring staff. If he believed that employers were prepared to take on responsibility … Continue reading

Posted in advice gap, auto-enrolment, Financial Education, pension playpen, pensions, Pensions Regulator, Politics | Tagged , , , , , , , , , , | Leave a comment

The true cost of pensions; UK vs Netherlands – guest blog from Emma Craig of KAS Bank


  Yesterday the Financial Services Consumer Panel released a paper outlining key issues for long term savers created by opacity in the true cost of investing in pensions. As auto-enrolment of workers into (predominantly) Defined Contribution pensions continues apace the … Continue reading

Posted in CDC, drawdown, DWP, Financial Conduct Authority, Financial Education, First Actuarial, pension playpen | Tagged , , , , , , , , | Leave a comment

Straight talking from the IMA on charges?


  In one of the least incisive video interviews I’ve seen this year, here’s Ian Smith of Pensions Week quizzing Jonathan Lipkin- IMA Director of Public Policy Decision- on how the IMA and its members are facing up to the … Continue reading

Posted in FCA, Financial Conduct Authority, Financial Education, governance, pensions | Tagged , , , , , , , , , , , , , | 5 Comments