Category Archives: Pension Freedoms

Don’t blame pensions for corporate mismanagement


The FT has come up with some excellent research on why pensions find their way into the Pension Protection Fund. It has discovered that a substantial proportion of the so-called “pension failures” over the past ten years, resulted from sale … Continue reading

Posted in Pension Freedoms, pensions, Pensions Regulator | Tagged , , , , , , | 8 Comments

Con Keating on the real cost of pension transfers


  Imagine buying a bond at par, say a ten-year, ten-percent coupon issue; then let five years pass, when market interest rates decline to one percent. At this time, the bond is trading in the market at £143.68 percent. Now, … Continue reading

Posted in Pension Freedoms, pensions, Retirement, trustee | Tagged , , , , , , | 5 Comments

An algorithm cannot lie


  An algorithm cannot lie; it will tell you what you set it to tell you with the data you fed it. It has no choice, it is entirely deterministic;- and yet algorithms can help you lie. Let’s take a … Continue reading

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The role of the insurance market in developing Fintech


Have you thought about the risks of e-commerce? This blog talks to those interested in Fintech and in particular the promotion of the start-ups that drive innovation in financial markets. My digital start-up, Pension PlayPen is in terms of staff, … Continue reading

Posted in FinTech, Pension Freedoms, pension playpen, pensions | Tagged , , , , , , , , , , | 2 Comments

A tale of two cultures (and why I’m backing payroll)


  Two days, two conferences and two vastly different experiences. On Wednesday I spent a day exploring the Future of Life and Pensions with what Market Force and people  I am told are financial services “C1s”. Apparently this means they’ve reached … Continue reading

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Till we know the “money” – shut up about “value”.


  I had a number of meeting yesterday culminating in an afternoon spent with members of the Transparency Task Force (TTF), with the FCA and with certain interested observers. I can report the meeting happened and what was said but … Continue reading

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IGCs – a final reckoning


Here is a summary of the IGC reports analysed on this blog. If you want to read my assessments in detail, please use the search engine. I have segmented the blogs as you can see. It may be unfair to … Continue reading

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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

Running Pension Policy – Snapchat Style!


There are leaks and there are leaks, but this feels like the Treasury pulling the plug out with the bath full and ready! Take a look at the timeline of the Times’ story (12.01am); this is no idle tittle-tattle from the … Continue reading

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So what would a pension exit charge cap look like?


Yesterday I spoke on Money Box in support of a cap on exit fee penalties from legacy personal pensions. Claire Trott spoke well in opposition and I’m quite sure that the ABI will take comfort in her argument that a … Continue reading

Posted in actuaries, dc pensions, Pension Freedoms, pensions, Pensions Regulator | Tagged , , , , , , , , , | 2 Comments