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
A pound spent on pension’s as good as salary – the new golden rule
I published a blog recently on the need for the DWP to take notice of the real concerns of the ASA. It got some really interesting comments made on various sites mainly opposing the ACA’s pessimism. Interestingly the pessimism of the actuaries mirrors … Continue reading
Posted in annuity, corporate governance, dc pensions, Fiduciary Management, pension playpen, pensions, Retirement
Tagged annuity, Business, corporate governance, croydon, dc pensions, Economics, Employment, Fiduciary Management, Financial services, Human Resources, Insurance, National Employment Savings Trust, pension, Pension new, pension playpen, Pension Pound, Pension Poverty, Pensions, pensions, Politics, Public Sector Pensions, Retirement, Salary, Society
4 Comments
The man from OECD says “guess”
It’s a sobering time for those involved in pensions policy and for those who are trying to advise companies and people in how to organises their finances to meet their retirement income needs. One thing people don’t want to do is guess. They … Continue reading
Posted in annuity, corporate governance, dc pensions, Liability Driven Investment, NEST, OECD, Retirement
Tagged annuity, Australia, Chile, corporate governance, corporate risk, dc pensions, Defined contribution plan, France, Germany, Liability Driven Investment, National Employment Savings Trust, NEST, OECD, Organisation for Economic Co-operation and Development, pension, Pension new, Pensions, Persnal Accounts, Politics, Retirement, Stock market index, United States
8 Comments
The ACA have spoken – the DWP ought to listen
Let’s hope that instead of issuing yet more consultation documents on the policing of the auto enrolment regulations, the Government will , through its key Departments, DWP and the Treasury, start getting us excited about the prospect of this new order. Otherwise this new pension paradigm will degenerate, as its Stakeholder predecessor degenerated, into a fearful, unloved, unadopted and unenforced mess.
Posted in annuity, corporate governance, customer service, dc pensions, de-risking, pensions, Personal Accounts
Tagged annuity, corporate governance, customer service, dc pensions, de-risking, Employment, Financial services, Government, National Employment Savings Trust, pension, Pension new, pensions, Pensions, Persnal Accounts, Personal Accounts, Politics, Public Sector Pensions, Scheme, Tata Consultancy Services, Treasury
15 Comments
IFEs not IFAs
If you’ve followed my posts over the past few days, you’ll l know I’ve referred to a debate between advisers, insurers, pension managers and trustees which started out discussing the ethics of incentivizing enhanced transfer values and has moved toi discussing how and when advice … Continue reading
Posted in annuity, corporate governance, dc pensions, de-risking, EU Solvency II, Liability Driven Investment, pensions, Retail Distribution Review, Retirement, Treasury
Tagged annuity, corporate governance, dc pensions, de-risking, Economics, Employment, EU Solvency II, Financial adviser, Frank Field, Human Resources, Independent Financial Adviser, Liability Driven Investment, National Employment Savings Trust, pension, pensions, Peter Flanagan, Politics, Proto-Indo-European language, Retail Distribution Review, Retirement, Treasury, trustee, Trustees
18 Comments
When we make company pensions compulsory..
My point is that the pensions industry has a once off opportunity to get it right, this is our London Olympics and while we need to have our heads down making sure the infrastructure to make this work is in place, we should take a little time out to celebrate the fact that this “new day” is but a year away (M &S will be auto-enroling this time next year).
Posted in annuity, corporate governance, dc pensions, mallowstreet, NEST, pension playpen, Retirement
Tagged annuity, corporate governance, dc pensions, Defined benefit pension plan, Employment, Financial services, Government, mallowstreet, National Employment Savings Trust, NEST, pension, pension playpen, Pension Pound, regulation, Retirement, Society, The PEnsion Regulator, Trade union
11 Comments
That ETV debate in full
Sometimes people’s comments on blogs are more interesting than the blog itself- this is certainly the case in a blog I wrote last week on “Enhanced Transfer Values” the thrust of which is that there are better ways to de-rsik defined benefit pension plans than by giving members cash bungs to transfer out theirguaranteed rights.
Continue reading
Posted in annuity, dc pensions, de-risking, pension playpen
Tagged annuity, Cash, Daily Mail, dc pensions, de-risking, Defined benefit pension plan, DWP, Economics, Human Resources, KPMG, linkedin, Martyn Lewis, pension, Pension new, pension playpen, pensions, Peter, Peter Flanagan, Wonga.com
11 Comments
What to do with pension trustees
The skills, the committment and the experience of trustees is undoubted. They are a resource that is given for free for the good of all. IF David Cameron’s Big Society is expressed anywhere it is in the noble behaviour of these people, whether CEOs, shop stewards or ordinary members. Continue reading
Posted in annuity, dc pensions, Retirement
Tagged annuity, Compensation & Benefits, David Cameron, dc pensions, Defined benefit pension plan, Employee benefit, Employment, Financial services, henley, Human Resources, National Employment Savings Trust, pension, Pension new, Politics, Retirement, sharesave, Society, trustee, Trustees
10 Comments
The point of work’s to dream of doing nothing
The ongoing semantic squabble about how not to talk about “pensions” continues to preoccupy those advising on and providing pensions. Last night I was chatting with Ben Mulroney of Mallowstreet who complained that there was only so much that could be … Continue reading
Do them a favour – give your older workers a hand!
It is as if a bridge had been built without a ramp from bridge to shore . People have to make their way from bridgehead to safety using their own resources though the cost of completing the bridge is minimal relative to the benefit it would bring. Continue reading
Posted in annuity, pensions, Retirement
Tagged annuity, Business, Employee value proposition, Employment, Human Resources, pension, pensions, Politics, regulation, Retirement, sharesave, Society, unilever, Will Hutton
4 Comments
Should employers be bothered about their pensioners?
Seems a stupid question to those of us involved in running defined benefit schemes. Pensioners of defined benefit pension schemes are the happy beneficiaries of their companies foresight and generosity in establishing and maintaining that pension. Organisations that have established … Continue reading
Posted in annuity, customer service, dc pensions, Retirement
Tagged annuity, Business, Compensation and Benefits, customer service, dc pensions, Defined benefit pension plan, Employment, Financial services, Human Resources, pension, Pension new, Pension Poverty, Politics, Retirement, Society
31 Comments
Agreed!