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
I want my, I want my, I want my IGC…
We need our IGCs and we need them soon! Continue reading
Posted in annuity, governance, investment, pension playpen, pensions, redington, Retirement
Tagged annuity, Business, corporate governance, Financial services, governance, Government
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It looks like we won’t get a cap on pension charges – do we need one?
A battle may have been lost but there is still a war to be won. Continue reading
Posted in leadership, pension playpen, pensions, steve webb, target date funds
Tagged annuity, Business, Cass, corporate governance, dc pensions, Debbie Harrison, DWP, Employment, Financial services, National Employment Savings Trust, pension, Pension Insitute, Pension new, pensions, Retirement, Steve Webb
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Getting use to managing pensions ourselves
The ideas of personal financial empowerment and independent financial advice grew up hand in hand. But they are mutually exclsusive concepts and ill-matched bedfellows. Now that we have the means to do it ourselves, we need to be allowed to. … Continue reading
Another year older..
I am not a year older – I am two years younger than I was five years ago – at least I’m two years further from retirement (relatively speaking). Continue reading
A race to the top?
We will not get this problem sorted out in a meeting room in the DWP, though the DWP can clear the decks and allow us to operate with a clean sheet of paper. Continue reading
At last – a gameplan for annuities
The Financial Services Consumer Panel has published a report into the current state of the UK retail annuity market. It is not a glamorous document, it examines the way the market is working and concludes it it not working very … Continue reading
DA should be at top of the agenda – and it isn’t.
I have been reading the Government’s Defined Ambition paper again. Many might ask “what’s the point?”. The point is this; DC is broken and needs fixing, DB is broken and needs fixing, DA is the answer, but so far the consultation … Continue reading
In praise of young actuaries – #Momentum13
Momentum is an event organised by the Institute and Faculty of Actuaries for nearly or newly qualified actuaries, I was there yesterday speaking on the Future of Pensions. Being around talented committed people who have yet to lose the bright … Continue reading
Posted in actuaries, pensions
Tagged Actuarial science, annuity, Business, Business and Economy, Financial services, pension playpen, Retirement
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Let’s rid us of financial carnage at retirement
I’m really interested in why pension schemes don’t provide more support. Any views out there on what the biggest barriers to providing more support than basic communication and a signpost to MAS or TPAS or Unbiased? Continue reading
Posted in advice gap, annuity, auto-enrolment, customer service, dc pensions, de-risking, defined aspiration, pensions, Popcorn Pensions
Tagged annuity, Business, Business and Economy, dc pensions, Defined benefit pension plan, Government, National Employment Savings Trust, pension, Pension new, pension playpen, Retirement, Steve Webb
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Three cheers for the fearless ABI
The current disaster that is happening week after week under our noses is avoidable (with alternative products), can be mitigated (with available advice) and is preventable (with proper regulation).
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Posted in advice gap, annuity, auto-enrolment, pensions, smelly, steve webb
Tagged ABI, Alan Higham, annuity, Otto Thorenson, Rip-off, Ros Altmann
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The DWP has responded to calls for the State Pension to be increased to at least £14,500 a year –…