Category Archives: Personal Accounts
NEST Insight; what the 11m+ “unpensioned” think.
NEST has produced a chunky report that “takes the temperature of automatic enrolment”. This promises to be the first of a series and as the first has five years of accumulated insights to lay before us. I thoroughly recommend it … Continue reading
Posted in auto-enrolment, corporate governance, customer service, David Pitt-Watson, First Actuarial, leadership, Liberal Democrats, napf, NEST, Payroll, pensions, Personal Accounts, Retirement
Tagged Cassandra, Employment, Financial services, Government, National Employment Savings Trust, pension, Steve Webb, Tim Jones
8 Comments
Why the DC “game is up” for the active fund managers
Like landed salmon , they flap around on the bank, hoping they may get thrown back in the water. Continue reading
Posted in auto-enrolment, corporate governance, dc pensions, de-risking, infrastucture, Management, pensions, Personal Accounts
Tagged AllianceBernstein, Business, Conversion of Paul the Apostle, Defined contribution plan, Erisa, Funds, Hargreaves Lansdown, Investing, Investment, Investment management, Private equity fund, United States
10 Comments
Whose risk is it anyway?
The Government wants us to think about pension risk sharing… To consider how much responsibility we can take for our own financial welfare when we’re really old. To consider what our employers can do to help And consider (which they talk of quietly) … Continue reading
NESToration – go boom in that Euro room!
If NEST had been a person Amnesty would have registered it a political prisoner. Continue reading
Posted in Australia, Change, NEST, pension playpen, pensions, Personal Accounts, Retirement
Tagged Brussels, Gregg McClymont, Joker, Standard Life
1 Comment
More cobblers from investment experts on DC pensions
I am afraid I have to report yet more moronic thinking from the investment community showing their disconnect with the ways and means of everyday folk. Example one is from Lyxor, who used to be called Societe Generale until they screwed … Continue reading
Posted in auto-enrolment, Bankers, club pension, Consolation, dc pensions, defined aspiration, happiness, Liability Driven Investment, mallowstreet, NEST, pension playpen, pensions, Personal Accounts, Public sector pensions, with-profits
Tagged Business, City, Funds, Investing, Investment, Paul Black, pension, Pension fund
8 Comments
Why we need to say “NO” to pension guarantees!
On Monday the Institute and Faculty of Actuaries delivered a paper stating that it would be able to deliver a system of lock-in guarantees at a price of less than 1% pa of the fund that could be used by … Continue reading
Posted in actuaries, annuity, auto-enrolment, Bankers, club pension, corporate governance, customer service, David Pitt-Watson, dc pensions, defined aspiration, EU Solvency II, FSA, happiness, Liability Driven Investment, NEST, pension playpen, pensions, Personal Accounts, Retirement
Tagged Capital market, Financial Times, Government, Jarvis Cocker, National Employment Savings Trust, pension, Pensions in the United Kingdom, Steve Webb
15 Comments
“The older I get, the less I trust my pension!”
An interesting observation from Gerry Barwell in 140 characters When I interview consumers on AE/ wider pensions – the barrier of mistrust is significant. Less so in the young but for 40+ Which gives us the opportunity to speculate on … Continue reading
Why I support Labour’s attack on pension charges
The reactions I’ve read to Ed Milliband‘s “all-out attack on pension charges” have been universally negative. They range from Robert Burgon’s “open letter to Ed Milliband” condemning the lumping of good and bad together to the broadside from Otto Thorenson of the ABI (linked). All … Continue reading
Abusing the voice of the people – a call for better pensions
Evangelists of social media cite the wisdom of the crowd. But wisdom and gullibility are two sides of the same coin and those who marvel at the capacity of groups to congregate around their chosen solutions, demonize their herd mentality when the crowd looks elsewhere. “Vox … Continue reading
Posted in annuity, auto-enrolment, Change, David Pitt-Watson, dc pensions, defined aspiration, Henry Tapper blog, leadership, NEST, pension playpen, pensions, Personal Accounts
Tagged Bernard Levin, David Pitt-Watson, Defined benefit pension plan, Dutch, pension, Steve Webb, Tesco, Totalitarianism
5 Comments
Scale and scalability- why L & G is the cuckoo in the Nest.
NEST is a pensions white-elephant and at £300m, the most expensive animal in the zoo Continue reading