Category Archives: pension playpen

CDC gets HMRC approval

BREAKING: Collective DC pension schemes will be given legal standing from April 2021, under measures outlined by the Treasury today. https://t.co/n6GAhAMWrA pic.twitter.com/G7NAchYgCr — Josephine Cumbo (@JosephineCumbo) July 21, 2020   CDC is CDC (but also CMP) In another step forward, … Continue reading

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The FCA promote a secondary market in workplace pensions

It’s an obscure section of a paper that will probably be read by a relatively few people expert in pensions. If I hadn’t published it this morning it might have been overlooked as it is buried deep in the cost … Continue reading

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“Financial strength” – customers will be the judge.

  One of the most important functions of  pension providers is to ensure that service levels are maintained through the current crisis. It is a severe test, this time the consequences of failure are not theoretical, if service levels fall … Continue reading

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Let’s kick the dogs out of the manger!

A good reason why pension dashboard infrastructure should be open … any payroll provider could then include pension information directly on payslips. I expect that is far more effective than signposting a single government provided dashboard — alan chaplin (@achaplin71) … Continue reading

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How are your staff’s pensions getting on?

  If you remember back to the mid part of this fading decade, one of the issues facing the 1.4m employers who had to stage auto-enrolment, was which workplace pension to choose for your staff. If you were part of … Continue reading

Posted in age wage, open finance, Payroll, Pension Freedoms, pension playpen, pensions | Tagged , , , , | Leave a comment

The best audience I will have all year – thanks CIPP!

  Take a look at the audience above and you will see what I saw when I arrived to speak- not a single empty chair , everyone paying attention and a great gender mix. The Chartered Institute of Payroll Professionals … Continue reading

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Three reasons why we don’t need DB transfers

Of all the pension freedoms, the freedom to take a cash equivalent transfer value (CETV) from a defined benefit scheme came first and has done most damage to the pensions system Introduced by Norman Fowler in 1987 alongside the personal … Continue reading

Posted in advice gap, pension playpen, pensions | 6 Comments

Will “DC deficits” become a thing of the past?

News of HMRC’s “change of position” with regards the “net-pay- anomaly” is welcome, and long overdue. It came in the form of a letter sent in response to a request from respected journalist Jo Cumbo of the FT. Govt to … Continue reading

Posted in advice gap, annuity, auto-enrolment, pension playpen, pensions | Tagged , , , , , , | 2 Comments

#pensionsdashboardsummit – it could be feisty!

  I’ll be off on a Boris Bike to Marble Arch in a moment to the Pension Dashboard Summit at the Arum Hotel. From the opening session , which pitches Chris Sier together with L&G supremo Chris Clarke, this looks … Continue reading

Posted in age wage, Pension Freedoms, pension playpen, pensions | Tagged , , , , , , , | 1 Comment

Here’s to pensioners enjoying their pensions!

I’m on the Flying Scotsman to York (the Yorkshireman). My carriage is full of pensioners (including me), people thanking their lucky stars they’ve got the chance to ride behind this famous loco and sit in a beautiful compartment. And the … Continue reading

Posted in club pension, dc pensions, Henry Tapper blog, Pension Freedoms, pension playpen, pensions | Tagged , , , , | 3 Comments