Category Archives: target date funds
The charges of the light brigade
The publication by the Investment Association of a report that puts hidden costs in funds on a par with the Loch Ness Monster has been met with elation by fund managers and derision by their customers. Robin’s right; I remember … Continue reading
Posted in accountants, actuaries, pensions, target date funds
Tagged Charge of the light brigade, FCA, IGCs, Investment Association, pensions, Policy debate, tennyson
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How pensions are impacted by the bank bonus culture
State Street need something better than the “need and greed” culture that fostered these frauds and Mastertrusts and IGCs need something better than the toothless response to these excesses Continue reading
Posted in Bankers, State Street, target date funds
Tagged Bank, Bankers, Business, corporate governance, corporate risk, dc pensions, Defined benefit pension plan, DWP, Financial services, Government, National Employment Savings Trust, NEST, pension, Pension new, pensions, Politics, Public Sector Pensions, State Street
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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 annuity, Business, Cass, corporate governance, dc pensions, Debbie Harrison, DWP, Employment, Financial services, National Employment Savings Trust, pension, Pension Insitute, Pension new, pensions, Retirement, Steve Webb
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Time for action on pension fund costs.
It is in everyone’s interest to clean up pensions. Whether you are a fiduciary or a practitioner, whether you regulate or run a trade body, if you want a healthy respected industry in 20 years, you need to change your attitude/practice/tolerance now.
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Posted in actuaries, brand, CDC, Consolation, pensions, target date funds
Tagged charges, costs, hidden, reputation
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August PlayPen lunch; – AE without advice?
The PlayPen lunch split 5/5 on the issue, advisers and lawyers reckoning that advice was not only a practical but also a regulatory “must have” before employers staged auto-enrolment. In a regulatory context the division was on whether Steve Webb … Continue reading
Better-buying makes auto-enrolment work
The promise of “Wealth at work” has disguised the paucity of the pension outcomes when work finishes. Continue reading
Posted in auto-enrolment, corporate governance, dc pensions, First Actuarial, Henry Tapper blog, pensions, steve webb, target date funds
Tagged Insurance, National Employment Savings Trust, pension, Pension Regulator, Self-invested personal pension, SHPS, Small and medium enterprises, UK State Pension
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DC4Good; ABdc and the Pension Trust get it.
DC just took a little step forward… Here’s AllianceBernstein‘s press release (with the flim-flam deleted and my comments in blue) AllianceBernstein has launched a range of ethical target date funds for the UK DC market. Good news, we all know that … Continue reading
Light in the lifestyle tunnel!
The way in which your DC pot magically turns from investing in shares to investing in cash and Government bonds is called lifestyle and it involves hundreds of transactions in 60+ months before you buy your pension. All of these transactions involve … Continue reading