Category Archives: target date funds

The charges of the light brigade

Posted on August 11, 2016 by henry tapper

    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

Posted on March 13, 2014 by henry tapper

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?

Posted on January 17, 2014 by henry tapper

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.

Posted on August 13, 2013 by henry tapper

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.
Continue reading →

Posted in actuaries, brand, CDC, Consolation, pensions, target date funds | Tagged , , , | Leave a comment

August PlayPen lunch; – AE without advice?

Posted on August 6, 2013 by henry tapper

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

Posted on March 25, 2013 by henry tapper

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.

Posted on March 22, 2013 by henry tapper

  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!

Posted on February 7, 2013 by henry tapper

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