Category Archives: trustee

Con Keating on the real cost of pension transfers


  Imagine buying a bond at par, say a ten-year, ten-percent coupon issue; then let five years pass, when market interest rates decline to one percent. At this time, the bond is trading in the market at £143.68 percent. Now, … Continue reading

Posted in Pension Freedoms, pensions, Retirement, trustee | Tagged , , , , , , | 5 Comments

When is a fiduciary independent?


It’s a question asked by Karen Wake on twitter @JosephineCumbo @henryhtapper @DominicLindley @greggmcclymont So … what is "independent"? We might be chasing a tornado here — Karen Wake (@pensionmonkey) October 29, 2015 I’m not into chasing tornadoes so I’ll try … Continue reading

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The transfer mess gets worse…


It’s been some weeks since I wrote about transfers. To recap, I have been predicting a seizure in the transfer market , resulting from high demand, low-advisory capacity and pipes blocked with regulatory effluent. So it doesn’t come as a … Continue reading

Posted in Treasury, trustee | Tagged , , , , , , , , , , , , , , , , | 10 Comments

If NEST’s web services are “free” – who’s picking up the tab?


  Employers who choose NEST will be able to onboard directly from payroll assuming payroll holds the information NEST needs to set-up. As with most things NEST do , the announcement this week that they have created a suite of … Continue reading

Posted in NEST, Payroll, pension playpen, pensions, trustee | Tagged , , , , , , , , , , | Leave a comment

Re-energising trusteeship (for a DC world)


    My recent blog pointing out that DB trustees tend to make bad DC trustees has gone down like a lead balloon with certain DB trustees. I don’t think is surprising. The next question is whether we can find a … Continue reading

Posted in annuity, Trades Union Congress, trustee | Tagged , , , | 2 Comments

“AMNT” or “APPT” – Why DB trustees don’t get DC!


Yesterday I gate-crashed two parties. Party one was held by the association of professional pension trustees at the Butchers livery Hall and party two was held by the association of member nominated trustees around the corner. Both parties were in … Continue reading

Posted in pensions, trustee | Tagged , , , | 3 Comments