Tag Archives: Bank

Dad’s army could’ve done a better job!

Until quite recently, the main sources of financial advice for small businesses were the accountant and the bank manager. The BOE’s Andy Haldane’s comments about the complexity of pensions look back to a day when these intermediaries were trusted “The … Continue reading

Posted in Bankers, Henry Tapper blog, pensions | Tagged , , , , , , , , , , | Leave a comment

Let my money go!

  I woke up to news that the Pension Play Pen RBS bank account can now be accessed by my iphone using fingertip security. Apparently mobile technology has outwitted clunky old pc technology which makes my thumb all that stands between … Continue reading

Posted in advice gap, Pension Freedoms, pension playpen, pensions | Tagged , , , , , , , , | 2 Comments

The great pension bank robbery

  I give 2 ½ cheers George’s pension package, the “½” being for the complex misrepresented “death-tax” changes which are regressive, complicated and could easily have been dealt with using inheritance tax legislation already in place. I give no cheers … Continue reading

Posted in advice gap, annuity, auto-enrolment, NEST, Payroll, pension playpen, pensions, Pensions Regulator | Tagged , , , , , , , , , , , , , , | 3 Comments

Is there a productivity dividend from auto-enrolment?

Pension PlayPen will give a leg up to anyone who’s trying – even some clapped out old bank that lost the trust of its customers long ago. So here’s some research produced by Barclays. I have written recently about the … Continue reading

Posted in accountants, advice gap, annuity, auto-enrolment, pension playpen, pensions, social media | Tagged , , , , , , , , , , , , , , | Leave a comment

How pensions are impacted by the bank bonus culture

State Street need something better than the “need and greed” culture that fostered these frauds and Mastertrusts and IGCs need something better than the toothless response to these excesses Continue reading

Posted in Bankers, State Street, target date funds | Tagged , , , , , , , , , , , , , , , , , | 1 Comment

Don’t put your swaptions on the stage Mrs Redington!

This post has been prompted by the very progressive @redingtontweets feed which recently asked it’s excited readership (Well me!) Would you be interested in a lower return on your #DC#pension in exchange for a perpetual floor of 80% of your #asset value? … Continue reading

Posted in actuaries, auto-enrolment, Bankers, pension playpen, pensions, redington, social media | Tagged , , , , , , , | 6 Comments

Thank RBS for a Pension and Payroll lesson .

The last few days have not been good for those relying on RBS – be it their own , their employers’ or of their creditors’ RBS bank account. We have become reliant on our banking system and as Robert Peston put it … Continue reading

Posted in auto-enrolment, Bankers, Financial Education, Management, NEST, pensions, RBS | Tagged , , , , , , , | 7 Comments

Bought any good derivatives lately?

Of course the banks aren’t going to put the kind of disclaimers that are meaningful within these products. Continue reading

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I like annuities but I’m worried..

Imagine it- the prospect of a 15-20% pay cut for the rest of my life and all because the Government changed the rules. Continue reading

Posted in annuity, dc pensions, de-risking, EU Solvency II, pensions, Personal Accounts, Retirement, Treasury | Tagged , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Scheme liabilities- Rest in Peace

The old adage that if the Equitable Life was a pension scheme it would still be trading today can be reversed. If most pension schemes were regulated as life insurance companies are today they would not be in business. Which is why we must be very worried indeed about threats to the buy-out market and very worried for our DC members about the impact on the cost of annuity purchase. Continue reading

Posted in EU Solvency II, Fiduciary Management, Liability Driven Investment, pensions, Retirement, Treasury | Tagged , , , , , , , , , , , , , , , , , , , , | 1 Comment