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 , , , , , , | 1 Comment

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 , , , , , , , , , , , , , , , , , | 1 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

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 , , , | Leave a comment

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

Posted in actuaries, advice gap, auto-enrolment, Payroll, pension playpen, pensions, target date funds | Tagged , , , , , , , , , , | Leave a comment

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 , , , , , , , | 15 Comments

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

Posted in actuaries, annuity, corporate governance, dc pensions, defined aspiration, pensions, target date funds | Tagged , , , , , , , | 3 Comments

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

Posted in actuaries, dc pensions, defined aspiration, First Actuarial, governance, Henry Tapper blog, life insurance, NEST, pensions, target date funds | Tagged , , , , , , , | 4 Comments