The observation that retirees 'don't have a clue' understates the advice gap rather than member apathy. Generative tools may finally…
I stand corrected. My apologies. The only overrides to that 2007 legislation were during Covid when the earnings link was…
The earnings increases that can now be expected in2027, 2028 and, probably, 2029 are not part of the triple-lock. It’s…
I suspect you mean that the 2.5% floor won’t be the binding element in 2027? The earnings part of the…
Tag Archives: annuity
All the right funds- not necessarily in the right order (a budget prescient blog)
I wrote this blog hours before the budget which abolished annuities. For some reason I decided this morning, to write about investment as if annuities didn’t exist. From 2015, for new pensioners- they will no longer be the default, … Continue reading
Posted in auto-enrolment, CDC, corporate governance, dc pensions, de-risking, defined aspiration, Payroll, pension playpen, pensions, Popcorn Pensions
Tagged annuity, Business, Business and Economy, Collective Pensions, consumptions, corporate governance, corporate risk, dc pensions, de-risking, decumulation, Defined benefit pension plan, DGF, Diverification, Employment, Financial services, free-lunch, National Employment Savings Trust, notes, order, pension, pensions, Retirement, Steve Webb
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Better hid.
The trustees of NEST have been faced with a dilemma and it’s clear they have considered it and taken decisive inaction. This blog sets out to explain and justify why the Trustees of our National Employers Savings Trust have chosen … Continue reading
“What’s it like to be retired?”
It could be the trending chant at any event that Alex Ferguson turns up to – a taunt to a man who having lost control has seen slump into mundanity in a few short months. Financial wellbeing in later life … Continue reading
Posted in annuity, auto-enrolment, Bankers, Facebook, Financial Education, First Actuarial, pension playpen, pensions, Popcorn Pensions, Public sector pensions, steve webb
Tagged annuity, Defined benefit pension plan, DWP, Employment, Financial services, Human Resources, ILC, Insurance, Investment, Life annuity, London, National Employment Savings Trust, pension, Pension Poverty, Pension Protection Fund, Pension Regulator, pensions, Politics, Public Sector Pensions, Retirement, SDAI, Society, Steve Webb, United States, University of Bristol
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When AE collaborations are a cop-out.
AE Collaborations such as those advertised in Pensions Extra last week are a “neat fusion” according to Zurich’s Stephen Leffley. Barnett Waddingham’s Damian Stancombe admits their collaboration with Standard Life was driven by providers cherry-picking but stresses “at the very … Continue reading
Your life for sale – what a liquid annuity market could mean.
Why people like me get cross with him is that he is dangling carrots and waving sticks but the donkey is locked in the stable. To get the animal moving, Steve Webb or his successor is going to have to open the stable door. Continue reading
A capacity crunch?
The prospect of debating whether we get a capacity crunch in Auto-enrolment drew a capacity-crunching crowd to Wragge & Co.’s offices yesterday afternoon. Under the convenance of heroically quiffed Andy Agethangelou, some 50 of us attended a symposium on the current state … Continue reading
Posted in auto-enrolment, customer service, dc pensions, NEST, Payroll, pension playpen, pensions
Tagged annuity, Business, Business and Economy, Capacity crunch, CIPP, corporate governance, corporate risk, dc pensions, de-risking, Defined benefit pension plan, DWP, Employment, Financial services, Government, National Employment Savings Trust, pension, Pension new, pension playpen, pensions, Politics, public sector, Public Sector Pensions, Retirement, Society, Standard Life, Steve Webb, twitter, United States
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There’s nothing stopping SMEs purchasing good pensions
This article plugs the needs for good pension purchasing and argues that both in terms of quality (governance) and quantity (supply) , employers have never had it so good. There is a lot of talk at the moment about DC … Continue reading
“Let them eat cack” – why does Government still think individual annuities can work?
Steve Webb has been at it again, suggesting that the annuity crisis could be solved if we had a one year cooling off period after we’d bought an annuity in which we could take it back (with a receipt) and exchange it … Continue reading
“You’d better shop around” – oh really?
The FCA have reported after their thematic review and told us what we already knew, the annuity market is not serving those who are buying annuities. Has this review anywhere to go? Micky Clarke on radio 5 live this morning … Continue reading
Posted in annuity, pensions
Tagged annuity, Business, corporate governance, corporate risk, dc pensions, de-risking, Defined benefit pension plan, DWP, Employment, Financial services, Government, National Employment Savings Trust, pension, Pension new, pension playpen, Retirement, Steve Webb
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CDC for the people
The debate on Collective Defined Benefit has so far been a matter for politicians , academics and actuaries. Most people haven’t a clue what CDC is or how it might benefit or harm their retirements. I’ve been trying to broaden … Continue reading
Posted in CDC
Tagged Actuarial science, annuity, Business, Business and Economy, corporate risk, dc pensions, de-risking, Defined benefit pension plan, DWP, England, Financial services, Investing, Investment, Investment management, Life annuity, pensions, Retirement, Steve Webb, United States
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The DWP has responded to calls for the State Pension to be increased to at least £14,500 a year –…