Category Archives: Public sector pensions
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
A return to old-fashioned pensions
I enjoyed reading this from Jenny Phipps of Banknote; For many people, having an old-fashioned, defined benefit pension is a real retirement planning advantage. People who have them feel much more financially secure, both as they plan for retirement and … Continue reading
Why we mustn’t let the Royal Mail “pension solution” become a precedent
In Pension Age’s May edition, Paddy Briggs argued that the member’s best interests were not being served by the Government’s “sequestration” of the assets of the Royal Mail’s pension fund. Roger Turner produced a cogent riposte in your July/August issue … Continue reading
Payroll strikes back!
While the DWP consultations on auto-enrolment was going on , I had a nagging feeling in my stomach, like you do when you vaguely remember there’s something you’ve promised but haven’t delivered – but you can’t remember what it was. At … Continue reading
Posted in auto-enrolment, Bankers, dc pensions, de-risking, defined aspiration, NEST, pensions, Personal Accounts, Public sector pensions
Tagged Accounting, Business, Business and Economy, Computers and Internet, Darling (Blackadder), Financial services, General Melchett, Melchett, NAPF, Payroll, Payroll World Round Table, pension, Small business
3 Comments
Pensions Victorious, Happy and glorious!
The image is of the transit of Venus taken from deep space (more here). “In the gloom the gold gathers the light about it” The British weather didn’t do us many favours over our long weekend but as we got … Continue reading
How to buy a pension
Buying your pension is one if not the biggest financial decisions you will take (or have taken). It’s fearfully difficult and most people take it with little help and – worse-information. Almost everyone is going to have to do it and that so … Continue reading
Posted in annuity, Bankers, Change, Consolation, dc pensions, defined aspiration, happiness, pensions, Public sector pensions, Retail Distribution Review, Retirement
Tagged Actuary, Cash flow, Consumer price index, Defined benefit pension plan, Government, Income, Inflation, Insurance, Life annuity, Mark, pension, Prediction, Rensselaer Polytechnic Institute, Retirement, Steve Webb, Tesco Clubcard
6 Comments
“Pensions that are no more”
Cardinal O’Brien Scotland‘s most senior Catholic, has been very specific in his comments on social inequality. Ostensibly they are aimed at David Cameron, but if the pensions industry think they are absolved, they should think again. (Cardinal O’Brien) said: “When I say poor, I don’t … Continue reading
Collective Defined Contribution Schemes – A Shameful Missed Opportunity
An article by Kevin Wesbroom. In December 2008 the Government published the response to its paper on risk sharing pension schemes. The opening sentence of the Executive Summary states “The Government is committed to encouraging good practice pension provision.” In December … Continue reading
More pensions nonsense from the “investment community”
How have have the people who invest pension funds become so out of touch with the people who retire from them? This question occurred to me several times yesterday as I listened to a large numbers of charming and intelligent people … Continue reading
Why we shouldn’t give up on pensions.
Many people now see their company pension as a cause of concern not of comfort. Take this person who wrote to us last week… Prior to the meeting, I was a little apprehensive ,as I had an assorted portfolio of … Continue reading