I've just come across this letter from Smithers, covering DB pensions in general and the USS in particular. https://smithers.co.uk/extending-the-liabilities-time-horizon-is-key-to-pensions-reform/
Great. A chance to nit-pick something from Steve Webb. The Married Woman’s Option finished in 1977, not 1978. SERPS was…
I was told by the Pensions Service, that if I divorced my husband before I retired, I would get a…
Success in applying the rules set out in law is not reliant on loopholes (I prefer educated projections of future…
Tag Archives: annuities
Heard the one about the Englishman, the Australian and the American?
If you are a fan of such jokes, read no further – the Social Market Foundation’s (SMF) study “Golden Years? What freedom and choice will mean for UK pensioners“, contains all three characters (unsexed), but there the joking ends. This is … Continue reading
Posted in annuity, Australia, CDC, Paul Lewis, Pension Freedoms, pension playpen
Tagged annuities, Battle of Britain, Freedom and Choice, Just Retirement, Pension Sise, SCF, SMF, Social Market Foundation
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What AE’s doing to pension saving – guest blog from Richard White
Richard White works for Portal Financial a Rochester based IFA who are producing some really interesting stuff on pensions. This is Richard’s first blog for us and I hope we’ll be able to feature more! Research highlighted in our blog post … Continue reading
Posted in pensions
Tagged advice, annuities, auto enrolment, pension, pension saving, portal Financial, Saving
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Don’t you -forget about DB – guest blog from the TUC
This blog is written by Tim Sharp of the TUC, thanks to Hilary Salt for pointing it out and for Tim and the TUC for allowing us to republish it! It is easy to overlook defined benefit (DB) pension schemes … Continue reading
Posted in pensions
Tagged Actuary, advice, annuities, auto enrolment, Business and Economy, CDC, charges, corporate governance, Dutch
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If that’s all there is my friends – well let’s keep working!
The numbers are out , extracted by the tenacious Josephine Cumbo @henryhtapper @citizensadvice @tpas Only 18,000 TPAS/CAB appointments. 925000 people checked out Pension Wise online. — Josephine Cumbo (@JosephineCumbo) July 22, 2015 Jo and I probably share differing levels of … Continue reading
Posted in pensions
Tagged annuities, annuity, CDC, Drawdown, DWP, Noah's ark, Pension Freedoms, Pension Wise, pensions, retirement savings
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Common sense needed on transfers
Whether you’re moving house or moving money, the process is fraught. We are no closer to pots following member than when the “portable personal pension” was established in 1987. The friction involved in moving money from scheme to scheme, fund … Continue reading
Posted in Change
Tagged annuities, Common sense, Freedom, guarantees, Money, moving money, pension freedom, pension savings, pension transfers, pensions, personal pension, Thomas Paine
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Don’t say I didn’t tell you…
This blog predicted last year and this , that within the first three months of the “pension freedom grant”, there would be a Daily Mail front page telling us that we may be (pension) free – but everywhere we are … Continue reading
Posted in pensions
Tagged annuities, CDC, Dail Mail, Freedom and Choice, Insurers, luddite, ludditism, master trusts, Pension Freedoms, pensions, Ros Altmann
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Important days for pensions
David Cameron will be announcing his new cabinet members and more junior ministers this week. Those of us who work in pensions already know that Ian Duncan Smith will remain Minister of State at the DWP, but who will be … Continue reading
Posted in pensions
Tagged annuities, annuity, auto enrolment, Business, Business and Economy, CDC, corporate governance, David Cameron, dc pensions, Drawdown, DWP, Employment, Financial services, Government, National Employment Savings Trust, pensions, Politics, Retirement, Ros Altmann, Steve Webb
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Aren’t pensions worth a mention in this election?
Why has there been so little comment this election campaign on pensions? When the rabbit came out of the hat in #Budget2014, many thought the freedom of pensions was the Conservatives great “retail offer”. Has Steve Webb diluted its political … Continue reading
5 good reasons we need a secondary annuity market
I returned from a long walk this morning to a barrage of negativity on twitter. The outrage of the pensions twitterati was reserved for the Government’s pre-budget leak that people will be able to buy and sell annuities as if … Continue reading
Posted in pensions
Tagged annuities, annuity, annuity income, annuity market, bulk annuities, Business, corporate governance, corporate risk, dc pensions, Defined benefit pension plan, Financial services, George Osborne, Government, Insurers, National Employment Savings Trust, Norris Cole, pension, Pension new, Pension Regulator, pensions, Politics, Ramsay Clegg, Retirement, Steve Webb
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A code of good practice for transfer advice?
We are rubbish at financial risk and we know it. We take decisions on financial matters with as much confidence as betting on the horses and if our horse falls at the first we blame everyone but ourselves! Small wonder that … Continue reading
Posted in reward, risk
Tagged advice, advisers, annuities, Bonds, Business, conduct risk, defined benefits, Financial adviser, financial objectives, Financial services, Guidance, makets, Pension new, pension playpen, pensions, Phil Young, Retirement, Risk, Steve Webb
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Extending time horizons can ease short-term funding pressure, but it shifts risk toward younger members. Reform should make those intergenerational…