Category Archives: trustee
“In pensions we trust” – when our data is trusty!
Yesterday I talked about how we can performance analysis of individual pension pots to sense check the quality of data. The idea is to make sure that once contributions reach the pension provider, they are properly recorded and people can … Continue reading
Posted in advice gap, age wage, Treasury, trustee, workplace pensions
Tagged big-data, Centrica, Data, Pensions, Power, Transparency, trust
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The mess we’re in (pt.1) and how we got here.
Iain Clacher and Con Keating Since their heyday in the 1990s, UK occupational DB schemes have been winding up at a rate of about one every two days. Their replacement, DC schemes, are a poor substitute; they are tax-advantaged savings … Continue reading
Posted in accountants, actuaries, advice gap, pensions, trustee
Tagged Con Keating, DB, DB pensions, Iain Clacher, regulation, Roy Gopode, Sharon Bowles, TPR
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The FCA bans contingent charging on transfers – 7,700 steelmen to be written to
Here is the decision taken by the FCA on how advice is charged for on DB transfers. It is precisely the position that I had hoped for and will ensure that DB schemes will continue to provide pensions to many … Continue reading
Posted in advice gap, BSPS, pensions, trustee
Tagged British Steel, BSPS, contingent charging, pensions, Trsnsfers
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Invest to change the world! #plsainvest20
Investment has a PR problem. We do not aspire to be investors (no matter what Sid said). Indeed we (as in those who don’t normally go to investment conferences) think investment people arrogant, aloof and often downright crooked. A … Continue reading
Are you a Betamax or VHS Trustee?
Which will be the VHS accreditation and which will be Betamax?#pensions https://t.co/6x1VADbb4C — Mike Harrison (@HigherEdActuary) February 13, 2020 It’s been an interesting week for pension trustees. It began with an announcement from the Pensions Regulator that it was not … Continue reading
Posted in age wage, pensions, trustee
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Are small DC pension schemes in the member interest?
Trustees vote for their own demise There hasn’t been much comment on social media about the Pension Regulator’s consultation response on the future of trusteeship. This is in marked contrast to what TPR reports as a record 114 written responses … Continue reading
Posted in advice gap, age wage, pensions, trustee
Tagged Corporate Trustees, FCA, pensions, Professional Trustees, The Pensions Regulator, TPR, trustees
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Are DC trustees worth the money?
It seems churlish to take up your Monday morning with matters of pensions governance, what with the cheers at Lords, Silverstone and Wimbledon sill ringing round the country but I will! My blog yesterday set out the case for … Continue reading
Where are the millennials on trustee and IGC boards?
I enjoyed the passion of Jennifer Lopes, a South African millennial who responded to my blog yesterday on the DWP’s new stance on responsible investment. This is fantastic. Many Funds here in South Africa are turning to more green investing … Continue reading
Taking one for transparency!
My colleagues at First Actuarial will hate me for it – but I accepted an award from Mr Transparency – Andy Agethangelou, at the Transparency Task Force’s Auto-Enrolment event yesterday afternoon. The point was that 30 people got together with … Continue reading
Posted in pensions, trustee
Tagged AE, Andy Agethangelou, auto enrolment, pensions, Transparency, TTF
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