Thanks. "The crucial difference, however, is that the ISA withdrawal is not a loan." As the two article links confirm,…
www.nber.org/system/files/working_papers/w32828/w32828.pdf While there is good evidence for automatic escalation in the US, it is not as powerful as its advocates…
"To what extent do minimum AE contributions need to increase? It would be good if everyone had contributions into DC…
Except they’re not saving into a pension, Minister unless we convert all those pots to CDC and give them what…
Tag Archives: advice
DC VFM = the value of pension for the money saved.
I think the scale program instigated by Government to get DC plans “valuable” is the wrong measure. I’d like to say why. Government can achieve its aim of VFM for DC schemes better. Government needs to start thinking of VFM … Continue reading
Posted in pensions
Tagged advice, AgeWage, auto enrolment, corporate risk, DWP, Financial services, National Employment Savings Trust, Pension new, Pensions, Retirement, Steve Webb, TPR
2 Comments
Awkward surplus choices for top-job pension people!
There are a lot of people making noise about releasing pension scheme surpluses in funding. Here’s the actuaries saying something that pleases everybody. Actuaries like to think of themselves as an extension of the government and of course they have … Continue reading
Posted in pensions
Tagged advice, annuity, Business, Business and Economy, corporate governance, dc pensions, Government, pension, Pensions, Retirement, TPR
4 Comments
How much value are advisers adding to the drawdown process?
The IFA in question is Jennifer Ellis who makes some really interesting points Data from the FCA has shown savers withdraw up to 20% more from their pension pots in the 2023/24 financial year compared to the prior year, while … Continue reading
Invesco ; 1+1 Just doesn’t equal 3
Put a well-heeled American fund manager together with an innovative UK insurer and you’d hope to come up with something imaginative. You would have hoped wrong.Here is another solution for the solution sodden advisory market that suggests innovation but delivers … Continue reading
Time has moved on – and so must HMRC . Ark pension fraud (pt. 94)
Good for the FT for giving publicity to the ongoing agony of the Arc pension fraud victims. This is a specialist pension blog and so has covered the fraud many times over the years. Sue Flood has had her testimony … Continue reading
Advice – try before you buy. Make your first fee – a fixed fee
Hiring a financial adviser is a serious business, it could be the start of a lifelong relationship , for many people it is. But the financial model for advisers assumes that most clients will have an annuity value, that means … Continue reading
Should DB transfers be paid “at the trustee’s discretion”?
The FCA is finally working out a tenable position on the taking of DB transfer values. I suspect that it now considers anyone who would rather have a pension pot rather than a pension “vulnerable”. Which is a pretty … Continue reading
A chance for pensions to help the CIPP and payroll – HELP PLEASE!
This blog reaches to all the people who do pensions but rely on payroll to do their heavy lifting! That’s about 100% of us then. The CIPP has created a survey which they would like to share with pensions professionals … Continue reading
Advisers should welcome (not fight) the FCA’s review of in retirement advice
Thankfully , I find Al Rush’s tweet shocking. If I didn’t – I could have no faith in financial advice and financial advisors. @henryhtapper 👇🏻 https://t.co/IWPFzjn9vx — Rush (@exRAF_Al) February 8, 2023 The vast majority of clients of IFAs rightly … Continue reading
Advice or guidance? – It depends how you like to travel!
This blog follows Australian pension regulation, not because that’s what’s trendy in political circles (we are unlikely to see the next pension minister be such an admirer) but because of the it informs debates in this country we are yet … Continue reading
I did not find this , Torsten's most impressive work (not sure it was his). But it at least remind…