Scheme actuaries use a nominal gilt yield curve, which they assert directly matches the currency and inflation exposure of those…
"prefers to compare the returns with a liability proxy (a mixture of gilt maturities)" Are those Index-Linked gilts, given that…
I agree the major problem with DC is that it has been designed as a savings plan not to provide…
Oh, and I think this confusion leading to DB being viewed as a pot by members is an unintended consequence…
Category Archives: Popcorn Pensions
Pot follows member – over a cliff?
There’s a great saying in racing “I’d follow that horse over a cliff”. It’s a morbid comment on most gambler’s instinct to chase losses for sentimental rather than economic reasons. When conviction sets in, then rationality is the loser and … Continue reading
Posted in pensions, Pensions Regulator, Personal Accounts, Popcorn Pensions
Tagged advice, annuity, auto enrolment, Ben Cocks, big-fat-pot, DWP, Employment, insurance companies, insurance company, Pension Freedoms, Pension new, pension playpen, pensions, Politics, Pot, Pot follows member, Retirement, Steve Webb
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Re-engaging employers with their staff pensions
Once it was so simple. Good employers offered good pensions and lousy employers didn’t. The good employers congregated at NAPF conferences and congratulated themselves and an industry fed on the easy money growing within these plans. But then came lower … Continue reading
What employers can do to get their members better pensions
Yesterday I had a chance to talk with a large employer about what they can do to help improve the outcomes of their DC plans. Influencing employees to get the best out of their pension savings means getting them to … Continue reading
Posted in Payroll, Pension Freedoms, pension playpen, pensions, Pensions Regulator, Popcorn Pensions
Tagged Actuarial science, advice, annuity, auto enrolment, Business, Business and Economy, choice, corporate governance, corporate risk, dc, dc pensions, Financial services, Good governance, governance, Greg Broomer, investment decisions, Johnson Fleming, National Employment Savings Trust, pension, Pension new, pension playpen, pensions, Retirement, Steve Webb
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Beware “black-box” auto-enrolment “solutions”.
Katie Morley of the de Daily Telegraph has written an important article claiming that the occupational schemes set up to relieve the needy of their pension savings before retirement are now turning their sights on auto-enrolment. This may or may not … Continue reading
Posted in First Actuarial, pensions, Pensions Regulator, Popcorn Pensions
Tagged annuity, auto enrolment, black-box, Business, choice, due diligence, DWP, Employment, Financial services, Katie Morley, MAF, National Employment Savings Trust, NEST, payroll bureau, pensions, Research, Retirement, the Daily Telegraph, The Pensions Regulator, workplace pension schemes, workplace Pensions
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Lassitude or laxitude – 100 days of pension freedoms
“Lassitude” or “Laxitude” – what’s your judgement on how we’re carrying on? Or is this all just fine? Lassitude is a “proper” word that describes a lazy behaviour resulting from world weariness, laxitude is a made up word that describes … Continue reading
Posted in CDC, pensions, Popcorn Pensions
Tagged advice, annuity, Business, CDC, dc pensions, Employment, income drawdown, Investment management, lassitude, laxitude, old, pension, Pension Freedoms, Pension new, pension playpen, pensions, Retirement, retirement savings, Saving, spending, young
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Help is on its way.
For Britain’s flummoxed pensioners- help is on its way! Continue reading
Posted in advice gap, Pension Freedoms, pension playpen, pensions, Popcorn Pensions
Tagged annuity, auto enrolment, CDC, Drawdown, DWP, ITV, Katie Morley, Pension new, pension playpen, Pension Revolution, pensions, Retirement, Ros Altmann, Scam, Tom McPhail
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“Hope I die before I get old..?”
The quote’s from Pete Townsend and the Who’s “my generation”. It’s a brutal version of the Beatles’ “when I’m 64” but both songs are driven by the fear of getting old “will you still need, me, will you still … Continue reading
Posted in accountants, actuaries, CDC, pension playpen, pensions, Pensions Regulator, Popcorn Pensions, Public sector pensions
Tagged Business, dc pensions, Defined benefit pension plan, Employment, Financial services, George Osbourne, Government, Housing, Old age, Pension Reforms, Reforms, Retirement, the Beatles, The Who
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Annuity – RIP
I guess the moment I heard the news on the scrapping of compulsory annuities will stick in the memory like the moment I heard of the death of Elvis/Lennon and Princess Di. All morning we’d heard the helicopters hovering … Continue reading
Posted in auto-enrolment, pension playpen, pensions, Popcorn Pensions, St Paul's
Tagged annuity, Budget 2014, Business, corporate risk, dc pensions, de-risking, Defined benefit pension plan, Drawdown, DWP, Employment, Financial services, George Osborne, Government, pension, pensions, Rest in Peace, Retirement, RIP, Steve Webb
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All the right funds- not necessarily in the right order (a budget prescient blog)
I wrote this blog hours before the budget which abolished annuities. For some reason I decided this morning, to write about investment as if annuities didn’t exist. From 2015, for new pensioners- they will no longer be the default, … Continue reading
Posted in auto-enrolment, CDC, corporate governance, dc pensions, de-risking, defined aspiration, Payroll, pension playpen, pensions, Popcorn Pensions
Tagged annuity, Business, Business and Economy, Collective Pensions, consumptions, corporate governance, corporate risk, dc pensions, de-risking, decumulation, Defined benefit pension plan, DGF, Diverification, Employment, Financial services, free-lunch, National Employment Savings Trust, notes, order, pension, pensions, Retirement, Steve Webb
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“What’s it like to be retired?”
It could be the trending chant at any event that Alex Ferguson turns up to – a taunt to a man who having lost control has seen slump into mundanity in a few short months. Financial wellbeing in later life … Continue reading
Posted in annuity, auto-enrolment, Bankers, Facebook, Financial Education, First Actuarial, pension playpen, pensions, Popcorn Pensions, Public sector pensions, steve webb
Tagged annuity, Defined benefit pension plan, DWP, Employment, Financial services, Human Resources, ILC, Insurance, Investment, Life annuity, London, National Employment Savings Trust, pension, Pension Poverty, Pension Protection Fund, Pension Regulator, pensions, Politics, Public Sector Pensions, Retirement, SDAI, Society, Steve Webb, United States, University of Bristol
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Thanks for your reply. I hope it does successfully "embed both the real rate and expected inflation in one number".…