Scheme actuaries use a nominal gilt yield curve, which they assert directly matches the currency and inflation exposure of those…
"prefers to compare the returns with a liability proxy (a mixture of gilt maturities)" Are those Index-Linked gilts, given that…
I agree the major problem with DC is that it has been designed as a savings plan not to provide…
Oh, and I think this confusion leading to DB being viewed as a pot by members is an unintended consequence…
Tag Archives: Business and Economy
“The Employer’s Duty”
We talk blithely of the employer’s duties as if these obligations were pre-ordained. Economic Liberals may ask how we got to a world in which the Pension Regulator can issue a document entitled “Employer Duties and defining the workforce – an … Continue reading
Posted in actuaries, Bankers, dc pensions, Financial Education, FSA, Henry Tapper blog, leadership, Management, pension playpen, pensions, poetry, Popcorn Pensions
Tagged Business and Economy, DWP, Employment, Financial services, Government, National Employment Savings Trust, pension, William Blake
6 Comments
Why we mustn’t let the Royal Mail “pension solution” become a precedent
In Pension Age’s May edition, Paddy Briggs argued that the member’s best interests were not being served by the Government’s “sequestration” of the assets of the Royal Mail’s pension fund. Roger Turner produced a cogent riposte in your July/August issue … Continue reading
Auto-enrolment – working out who does what.
The hard part in establishing a process to stage auto enrolment and manage it each payroll period is not working out what needs to be done. Process maps exist that will help you understand the scope and complexity of the task. It’s the … Continue reading
Payroll strikes back!
While the DWP consultations on auto-enrolment was going on , I had a nagging feeling in my stomach, like you do when you vaguely remember there’s something you’ve promised but haven’t delivered – but you can’t remember what it was. At … Continue reading
Posted in auto-enrolment, Bankers, dc pensions, de-risking, defined aspiration, NEST, pensions, Personal Accounts, Public sector pensions
Tagged Accounting, Business, Business and Economy, Computers and Internet, Darling (Blackadder), Financial services, General Melchett, Melchett, NAPF, Payroll, Payroll World Round Table, pension, Small business
3 Comments
Some law firms don’t geddit- Clyde and Company come up short.
What a muppet I appear to be! Here is Clyde & Co‘s response to my feedback that I could not find a telephone number for their company on their website Dear Mr Tapper, We are sorry to hear that you … Continue reading
Whatever happened to “stakeholder economics”?
When Blair swept to power in 1997, Will Hutton‘s vision of a stakeholder economy was central to New Labour‘s vision. While the idealism of those years is now derided, I prefer it to the negativity of today’s commentary. Listening to … Continue reading
Posted in Bankers, corporate governance, Henry Tapper blog, Jersey, pension playpen, pensions, Popcorn Pensions, Retirement
Tagged Business, Business and Economy, customer service, David Mowatt, dc pensions, Dutch, HSBC, Jersey, National Employment Savings Trust, NEST, pension, Steve Webb, twitter, Will Hutton
4 Comments
Mothball NEST till 2017
Should we mothball NEST and brush it off in 2017? Maybe a little drastic but we certainly need to scale back the amount it is spending both in events and it its payroll.
Continue reading
Posted in dc pensions, NEST, pension playpen
Tagged annuity, Borough High Street, Business, Business and Economy, customer service, Dixie Chicks, Employment, Government, Liability Driven Investment, National Employment Savings Trust, NEST, pension, Pension Poverty, Politics, Public Sector Pensions, Retirement, Steve Webb, Treasury, United States
5 Comments
Corporate wraps for the Sunny Uplands ?
Today I’m due to spend all day discovering what the corporate wrap has done for us. Currently I reckon I could sum it up in one word. NOTHING Of course it sounds better with a naughty word but that’ll do. … Continue reading
Posted in corporate governance, customer service, dc pensions, de-risking, pension playpen, Retail Distribution Review, Retirement
Tagged Business, Business and Economy, Chevrolet Uplander, corporate governance, customer service, dc pensions, de-risking, European Union, Financial services, Investing, pension playpen, Pension Poverty, Rage against the Machine, Retail Distribution Review, Retirement, Retirement planning, Saving
Leave a comment
Buy now while IFAs last?
Commission comes at a cost and a cost that is rarely counted Continue reading
Posted in corporate governance, Retail Distribution Review, Retirement
Tagged Business, Business and Economy, corporate governance, corporate risk, Education, Employment, Financial services, Financial Services Authority, Independent Financial Adviser, Insurance, National Employment Savings Trust, pension, public sector, regulation, Retail Distribution Review, Retirement, Saving, Scheme, Society
13 Comments
Thanks for your reply. I hope it does successfully "embed both the real rate and expected inflation in one number".…