Category Archives: trustee
The democratisation of risk?
I can’t say I’d heard this phrase before Bruce Porteous of Aberdeen introduced it into conversation at yesterday’s Westminster Business Forum. The only reference I can find to it on the web is a sneering jibe at “Cowboys in Superland” … Continue reading
Posted in CDC, pensions, Trades Union Congress, trustee
Tagged Annuitisation, CDC, democracy, Drawdown, Risk, Terry Pullinger
1 Comment
The risks small employers run with workplace pensions
In yesterday’s blog, where I talked about the “Scally duty” on an employer to provide staff with pension information, created a lot of traffic on “social media”. Some of this may be down to it being a quiet week in … Continue reading
Posted in accountants, pensions, trustee
Tagged Obligation of Good Faith, pensions, Scally, Scally duty, workplace penson
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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 Bond, CETV, Con Keating, ppf, Transfer, TV, valuation
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
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 Actuarial science, advice, annuity, auto enrolment, Business, corporate governance, Financial Services Authority, London, Pension Poverty, Pension Protection Fund, Pension Regulator, pension transfers, pensions, Politics, public sector, Public Sector Pensions, Retirement
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 auto-enrolmnent, choices, choices taskforce, NEST, PAPDIS, pension playpen, Pensions Bib, Ros Altmann, The Pension Regulator, TPR, workplace pensins
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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 Education, financial advice, Financial Capability, trustee
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