Category Archives: pot
We need pensions not pots
10m UK pensioners risk running out of money — poll https://t.co/LTEpRsBNXS — Josephine Cumbo (@JosephineCumbo) August 26, 2021 We are busy saving into pots that provide no pensions and turning future pensions into pension pots. Let’s be clear, we are … Continue reading
The hidden costs of charges are pants!
Yesterday’s Moneybox with Lesley Curwen was a cracker. It brought together the voices of a number of investors together with the views of Michelle Cracknell, Chris Sier and Gina Miller. All were clear and interesting But the best contribution came … Continue reading
Posted in auto-enrolment, corporate governance, pensions, pot
Tagged chris sier, IDWG, Jeff Houston, LGA, Michelle Cracknell, pensions, VFM
4 Comments
Don’t let this be you.
This is a submission to Government from someone who fell victim to a pension scam. The questions from Government are emboldened, otherwise I have left the statement as it was sent to me. It has been circulated with he intent that … Continue reading
Posted in advice gap, pensions, Pensions Regulator, pot
Tagged IFA, Malta, Pension Wise, QROPS, Scam
2 Comments
The value to me of “set and hold”!
The FT is masterful with understatement. A 2% charge can take quite a chunk out of the overall portfolio return If your predicted investment return is (say) inflation +3%, having to earn 2% to pay your investment manager, custodian … Continue reading
Posted in actuaries, advice gap, pensions, pot, Treasury
Tagged Asset management, cardano, LDI, Michelle McGrade, pensions, redington, Set and Go
2 Comments
Was DC the only choice for the Tata Steelworkers?
Speaking on the radio yesterday, John Ralfe called the decision of Tata Staff to accept the loss of future accrual into a final salary scheme in exchange for a 10% contribution into a DC pension fund as … Continue reading
Posted in actuaries, advice gap, FinTech, Jersey, pensions, Pensions Regulator, Politics, pot
Tagged British Steel, Defined Ambition, Freedoms, pension freedom, pensions, Ros Altmann, Steve Webb, tata, Tata steel, Technology
1 Comment
“Only rich people think small amounts don’t matter”
That’s a quote from Debora Price and I’m making it a strap for whatever campaign I can cobble together to make Government Incentives happen for those who qualify for them , but can’t get them because their trustees don’t collect … Continue reading
Posted in pensions, pot
Tagged Consultant, Debora Price, DWP, Employment, Financial services, JLT, Mastertrust, National Employment Savings Trust, NEST, net-pay, NOW, pension playpen, pensions, People's Pension, poor, relief at source, Retirement, rich
2 Comments
How rivers flow
When you are planning a flood defence system, you look at how your rivers flow in normal times. Then you stress test your topography by filling up the rivers in your model, with too much water, you watch to see … Continue reading
Why shouldn’t pot follow member? Guest blog from Ralph Frank
The Government has recently announced that it has suspended plans to require that defined contribution pension pots of less than £10,000 automatically transfer when savers change jobs (and related pension arrangements). Although the legal compulsion for such transfers has been … Continue reading