Tag Archives: annuity

Pension Income’s best kept secret

Posted on May 30, 2019 by

Did you know that when you buy an annuity you can change your mind? No? Well neither did I. I thought that once you handed your money over to an insurer that it was it, an income for life with … Continue reading →

Posted in annuity, pensions | Tagged , , , , | 4 Comments

We can’t reopen closed railways or pensions – but we can build anew

Posted on December 27, 2018 by

How does #CDC help the individual saver in a falling market as you claim….? @henryhtapper https://t.co/PbsnbcXwku — John Ralfe (@JohnRalfe1) December 26, 2018 When I wrote this blog on Boxing Day about “coping with falling markets” – I did not … Continue reading →

Posted in pensions | Tagged , , , , , | 6 Comments

Why do people take pension choices that make them sad?

Posted on December 9, 2018 by

I’ve been reading a short report by Demos for Legal and General. L&G provide annuities and want to understand  the fall in the numbers of annuities purchased. The retirement riddle is that the choices people are taken since the pension … Continue reading →

Posted in advice gap, age wage, pensions | Tagged , , , | 7 Comments

Why would management fees be any cheaper for #cdc than DC?

Posted on October 4, 2018 by

It’s a question posed by John Ralfe- to me – on twitter. It’s a serious question and one that Jeremy Cooper, doyen of the Australian Super system is clearly interested in too. The question cannot be simply answered with reference … Continue reading →

Posted in alvin hall, CDC, pensions | Tagged , , , , , , | Leave a comment

“Why Michael Johnson’s so wrong!” – Con Keating

Posted on June 5, 2018 by

Michael Johnson’s letter to Frank Field & Co on CDC (reproduced in full here) was a real disappointment. I had expected more; a new and closely reasoned critique, passionately believed, perhaps. What I got was a tired and repetitive rehearsal … Continue reading →

Posted in annuity, blockchain, CDC, defined ambition, defined aspiration, pensions | Tagged , , , , , | 2 Comments

What is CDC?

Posted on April 2, 2018 by

  I’ve had a couple of calls recently for a simple explanation of what CDC is and why it could be useful in Britain today. CDC is an abbreviation for Collective Defined Contribution. A CDC scheme is created by contributions … Continue reading →

Posted in CDC, Pension Freedoms, pensions | Tagged , , , , , , | 2 Comments

Something “DC” that John Ralfe and I agree on!

Posted on March 19, 2018 by

I sometimes think John and I will never agree, I am forever looking at the world half full and he “half empty”, where I see opportunity, he sees danger, where he sees certainty, I see parsimony. But when John posted … Continue reading →

Posted in annuity, pensions | Tagged , , , , , , | 3 Comments

Why insurance isn’t always right.

Posted on February 20, 2018 by

This is an article in preparation for publication; thoughts on it, especially from insurers would be very welcome. In it, I argue that insured solutions are not always right for us – in our retirement savings and that insurance companies … Continue reading →

Posted in life insurance, pensions | Tagged , , , , | 1 Comment

Has the hardest nastiest problem in finance just got a little easier?

Posted on January 1, 2018 by

I enjoyed reading this serious and sensible argument by Steven Lowe of “Just”.  I suspect that most financial advisers reading it will conclude, as I do, that planning an income for the final years of someone’s life is so fraught that (if … Continue reading →

Posted in actuaries, annuity, CDC, pensions | Tagged , , , , , | Leave a comment

Target pensions – freedom from freedoms

Posted on December 16, 2017 by

  Last week I ran a couple of meetings of the Friends of CDC, a loose affiliation of pension people with a view that CDC can offer a solution to some of the intractable problems people face in retirement. Let’s start … Continue reading →

Posted in Blogging, CDC, pensions | Tagged , , , , , , | 2 Comments