Tag Archives: annuity

A way to manage pension freedom – from a land down under.

FCA and TPR. Please read below a post from an Australian actuary called Jim Hennington. It describes the regulatory requirements placed on providers of retirement income in Australia. I have only inserted links, to help readers not familiar with terms … Continue reading

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How to stop us spending our pension pots like muppets.

When I asked Guy Opperman on Tuesday, what had happened to the 650,000 workers who’d gone missing from payrolls and benefit claims, he replied tersely “we know a little about that“. Clearly he knew the OBR’s estimate of tax receipts … Continue reading

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The Pooled Annuity Fund – another way for CDC

This blog is my take on a presentation by Catherine Donnelly which was delivered to a webinar , the IFOA generally allowed me to attend. Catherine is a Professor of Actuarial Maths at Herriot Watt University. I found her presentation … Continue reading

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“Retire from work, not from a pay-cheque?” Will BlackRock offer a wage for life?

As DC retirement savings plans mature they present those who save, those who look after their savings and regulators with the same challenge- “how to turn pots to pensions”. The way in which different countries save for retirement is pretty … Continue reading

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McPhail is no seal-clubber.

  Coincidental to the FCA’s impending clampdown on “price-walking”, I’m presented with just the kind of problem that has beset pensions since we decided giving people a pot not a pension was a good thing (let’s say 1987). A very … Continue reading

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If not us who? If not now -when? Let’s bring back pensions.

As someone who has priced drawdown and annuities I can tell you the NPV, RoE, RoC and DPP are far more attractive on drawdown and asset management than they were on Open Market annuities. Why else do you think there … Continue reading

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“Unfinished business” – Steve Webb’s pension freedom reset.

  Steve Webb is back, doing what he should be doing in a commercial pensions practice. He’s been busy finding ways to make the pension freedoms work, which must be a refreshing change from sorting out underpayments from the state … Continue reading

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Nest – the Government’s pension that can’t pay you a pension.

Nest’s normal retirement age is your state retirement age. Seven years before my Nest retirement, I got an email. This email has triggered me to explore my pension options with Nest – and to this blog I decided to make … Continue reading

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“My pension stole my benefits!”

Gareth Morgan has , until now, been a lone voice, howling at the moon on the plight of the low paid faced with decisions on how to spend their pension pot. “Until now” means that he is now joined by … Continue reading

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IFAs looking for alternatives to drawdown

I’ve been following a debate on twitter which includes several friends. Following rather than participating as I suspect I would express myself too vehemently and spoil the delicate balance that has been maintained between skepticism and endorsement of a third … Continue reading

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