Category Archives: steve webb

The circular firing squad


As civil servants in the DWP enter their building in Westminster this morning , they’ll be walking into an atmosphere that makes the Thick of It look like Play School. A new Secretary of State, Stephen Crabb is in place. … Continue reading

Posted in pensions, Pensions Regulator, Politics, Ros Altmann, steve webb | Tagged , , , , , , , , , , , , | Leave a comment

Why can’t we know what we pay for “fund management”?


We have the right to know what we are paying for funds. The cost of a fund can best be defined as the difference between what you would have received from a theoretical return on the assets in the fund … Continue reading

Posted in FSA, governance, life insurance, pension playpen, pensions, Retirement, steve webb | Tagged , , , , , , , , , , , , , , , | 4 Comments

A miserable device; – guest blog from Ralph Frank


Members who cease paying into defined contribution pension arrangements often pay higher management charges than their colleagues who continue to add to their savings. This two-tier charging approach is euphemistically referred to as the ‘Active Member Discount’ (“AMD”). I guess … Continue reading

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Steve Webb – a new model politician?


    Let me declare an interest, I am a Liberal, born into a Liberal family in a part of the world where Liberalism is the natural opposition to conservatism. Steve Webb is from that part of the world, his … Continue reading

Posted in DWP, steve webb, welfare | Tagged , , , , , , , , , , , , | Leave a comment

We have scotch’d the snake not killed it – three years to sort out hidden charges


  We have scotch’d the snake, not kill’d it: She’ll close and be herself, whilst our poor malice Remains in danger of her former tooth. Macbeth Act 3 Scene 2   Of all the vested interest groups, the fund managers … Continue reading

Posted in advice gap, Change, dc pensions, Henry Tapper blog, napf, pensions, steve webb | Tagged , , , , , , , , , , , , , , , , | Leave a comment

“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 , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

It looks like we won’t get a cap on pension charges – do we need one?


A battle may have been lost but there is still a war to be won. Continue reading

Posted in leadership, pension playpen, pensions, steve webb, target date funds | Tagged , , , , , , , , , , , , , , , | 1 Comment

A promise or a guarantee?


If Steve Webb wants AE to work, he should stop turning promises into guarantees and burdening employers with unforeseen liabilities and huge consultative and administrative costs. Continue reading

Posted in actuaries, auto-enrolment, corporate governance, EU Solvency II, Fiduciary Management, leadership, Liability Driven Investment, pension playpen, Popcorn Pensions, steve webb | Tagged , , , , , , , , , , , | Leave a comment

Are workplace pensions all the same?


I don’t believe that the majority of the workplace pension providers in the market today are ready to give up on innovation,competition and reputation. Continue reading

Posted in happiness, Henry Tapper blog, pensions, steve webb | Tagged , , , , , , , , | Leave a comment

Another year older..


I am not a year older – I am two years younger than I was five years ago – at least I’m two years further from retirement (relatively speaking). Continue reading

Posted in Popcorn Pensions, Retirement, steve webb, welfare, with-profits, workplace pensions | Tagged , , , , , , , , | 2 Comments