You usually need 35 qualifying years of National Insurance contributions to get the full State Pension in the UK. If…
In the states, certain retirement savings programs have unique "catch-up" provisions - where those whose income varies from year to…
NEST’s Guided Retirement Fund in the UK gets part of the way there by separating money according to its intended…
"As usual with The Times, this is a briefing about England & Wales only." I'm so old that I can…
Tag Archives: annuity
Le Pension Crisis est Arrivé
Image via Wikipedia PWC report today that the value of DC pension pots has fallen by 30% in the last three years. This Telegraph article gives the grim details. This is not a paper loss which can be reversed if markets recover, … Continue reading
Posted in annuity, corporate governance, customer service, dc pensions, de-risking, Fiduciary Management, NEST, OECD, pension playpen, Retirement
Tagged annuity, Bank of England, Channel 4, corporate governance, corporate risk, customer service, Cyberbury, dc pensions, de-risking, England, Fiduciary Management, Financial Assistance Scheme, John Hutton, moneysavingexpert, NEST, OECD, pension, pension playpen, Pension Pound, Pension Poverty, Pension Protection Fund, Pensions, Public Sector Pensions, PWC, Quantitative easing, Retirement, RSA, Steve Webb
7 Comments
Pension choices for smaller companies
Smaller companies– those with less than 50 employees are the beating heart of Britain’s economy. It is from among their number that the next Virgin or Tesco will come and though many of them will be toast in ten years … Continue reading
Posted in annuity, corporate governance, customer service, dc pensions, de-risking, pension playpen, pensions, Personal Accounts, Retail Distribution Review, Retirement
Tagged annuity, Business, corporate governance, corporate risk, customer service, dc pensions, de-risking, Economics, Employment, Financial services, Government, National Employment Savings Trust, pension, Pension new, pension playpen, Pension Poverty, pensions, Pensions, Personal Accounts, Politics, Public Sector Pensions, Retail Distribution Review, Retirement, Small business, Tesco
4 Comments
PPF II -opening the door for a better DC
We are where we are – the social contract has been decided… not compulsion but impulsion; impulsion into a DC pensions model that relies on the markets to deliver a second tier of pensions. Our retirements will be funded from employer and employee contributions over a … Continue reading
Posted in annuity, corporate governance, Liability Driven Investment, NEST, OECD, pension playpen, twitter
Tagged annuity, Anti-submarine warfare, Business, corporate governance, corporate risk, Financial services, Insurance, Interest rate, Japan, Liability Driven Investment, Life annuity, Market failure, National Employment Savings Trust, NEST, OECD, pension, Pension new, pension playpen, Pension Pound, Pension Poverty, Pension Protection Fund, Pension Regulator, Public Sector Pensions, Robin Ellison, Steve Webb, twitter
6 Comments
Yes – things are this bad in DC land!
We all know that equity markets have sent the value of our pension savings into free fall and some people understand that low prospective interest rates mean the amount of pension you can buy from your savings has fallen lower. But did … Continue reading
Posted in annuity, dc pensions, de-risking, pension playpen, pensions, Retirement
Tagged annuity, dc pensions, de-risking, Economics, Financial services, Forbes, Free fall, Insurance, Life annuity, National Employment Savings Trust, Open Market Option, pension, pension playpen, pensions, Politics, Reasonable person, Retirement, Saving, Society, Stock market
12 Comments
The Regulator, wisdom and the crowd
The Pension Regulator, it needs be said , did not have a good Professional Pension Show. Things started well enough with a keynote speech that laid out its 2012 agenda Get DB solvent Get DC sorted Get Auto-Enrolment in Simples… And that … Continue reading
Posted in annuity, corporate governance, customer service, dc pensions, de-risking, Fiduciary Management, Liability Driven Investment, NEST
Tagged annuity, Bill Galvin, bribery act, Brighton, corporate governance, customer service, dc pensions, de-risking, Employment, Fiduciary Management, Financial services, Government, Human Resources, Keynote, Liability Driven Investment, National Employment Savings Trust, NEST, pension, Pension Regulator, Trusteeweb, William F. Galvin
4 Comments
It’s the legacy, stupid!
If we really care about retirement outcomes, we have to think about this stuff and the £20bn of unclaimed (orphaned) pensions that are hanging around in the back cupboards of life companies and occupational pension schemes alike. Continue reading
Posted in annuity, corporate governance, customer service, dc pensions, de-risking, Liability Driven Investment, Martin Lewis, pensions, Treasury
Tagged annuity, corporate governance, corporate risk, customer service, dc pensions, de-risking, Financial services, Hill Samuel, Insurance, Liability Driven Investment, Life annuity, Martin Lewis, moneysavingexpert, pension, Pension Pound, Pension Poverty, pensions, policing, Politics, Scottish Widows, Standard Life, The Pension Regulator, Treasury
6 Comments
Champagne down the drain
Many thanks to those who came, and those who wanted to come but couldn’t – not the easiest of days to get about.
Posted in annuity, dc pensions, de-risking, mallowstreet, Martin Lewis, Retail Distribution Review, Retirement
Tagged annuity, Daily Express, dc pensions, de-risking, Financial services, Human Resources, Insurance, Life annuity, mallowstreet, Martin Lewis, National Employment Savings Trust, pension, Pension new, Pensions, Politics, Retail Distribution Review, Retirement, Retirement annuity plan
12 Comments
None of my business
I went to a meeting last week at the end of which the pension manager I was speaking with asked “I can see why this matters but why are you bothering?”. A very sensible question as it happened since the commercial … Continue reading
Posted in annuity, dc pensions, de-risking, pension playpen, pensions, Retirement
Tagged Actuarial science, annuity, Business, dc pensions, de-risking, Economics, Financial services, Human Resources, Insurance, Jenny Davidson, Life annuity, moneysavingexpert, National Employment Savings Trust, pension, Pension new, pension playpen, Pension Poverty, pensions, Retirement
7 Comments
Agreed!