Tag Archives: ABI

Three cheers for the fearless ABI

The current disaster that is happening week after week under our noses is avoidable (with alternative products), can be mitigated (with available advice) and is preventable (with proper regulation).
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Posted in advice gap, annuity, auto-enrolment, pensions, smelly, steve webb | Tagged , , , , , | 1 Comment

Diagnosing the real cost of DC

A problem with buying  “bundled” DC services is finding out what’s really going on under the bonnet. I recently blew my power steering pump , I wanted to know what had happened but the pump was in a sealed unit – no warning … Continue reading

Posted in annuity, dc pensions | Tagged , , , , , , , | 9 Comments

The dam is full – manage the sluices

It can’t be much fun at the ABI these days. The FSA are investigating mis-pricing of annuities, the OFT are studying the distribution insurers use for pensions and just about every consumerist from Gregg McClymont to the NAPF are calling … Continue reading

Posted in actuaries, annuity, customer service, David Pitt-Watson, de-risking, pension playpen, pensions | Tagged , , , , , , , | 7 Comments

Why we must get resolution on pension charges

We shouldn’t underestimate the task the 14 members of the ABI have set themselves in promising to fully disclose charges and costs (see previous blog). 14 insurers have made the pledge but there are many insurers that haven’t nor are … Continue reading

Posted in Henry Tapper blog, Horse racing, pensions, Popcorn Pensions, Retirement | Tagged , , , , , , , | 5 Comments

ABI finally comes clean on pension charges

Here, not before time, is the ABI’s capitulation in the face of pressure from Government, opposition, the NAPF and all right-thinking people in pensions. Special thanks go to Gregg and his team on the Labour pensions bench! The agreement is … Continue reading

Posted in actuaries, annuity, auto-enrolment, FSA, governance, Henry Tapper blog, mallowstreet, pensions, Treasury | Tagged , , , , , , , | 15 Comments

Savvy punters will drive down pension charges.

Inefficient markets – don’t you just love ’em! We all love a bargain whether at the local boot or in the stock market. There was a time when I believed I could pick a stock or a horse and beat … Continue reading

Posted in auto-enrolment, Bankers, dc pensions, defined aspiration, economics, Horse racing, leadership, Management, Martin Lewis, NEST, pensions, Retail Distribution Review | Tagged , , , , , , , , , , | 6 Comments

Selling NEST and auto-enrolment to the pension weary

The issue of fatigue is high on my agenda this morning – especially Regulatory Fatigue. Yesterday the DWP published a host of documents that can be accessed through this link http://www.dwp.gov.uk/consultations/2011/workplace-pension-reform-2011.shtml It dots the “i”s and crosses the “t’s” on a … Continue reading

Posted in auto-enrolment, corporate governance, customer service, dc pensions, NEST, pensions, Personal Accounts | Tagged , , , , , , , | 8 Comments