Tag Archives: Business and Economy

How can IGCs engage people with their pensions?

There are three measures by which I am judging the IGC Chair reports Do they speak with a proper tone of voice Do they show themselves effective in dealing with the provider they are governing Have they properly addressed whether … Continue reading

Posted in IGC, pensions | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Money corrupts, is State Street corrupted absolutely?

Is there no end to the  greed within State Street’s global custody division? Two former executives at State Street have been charged by US officials for their part in a scheme involving secret commissions within its transition management business. Ross … Continue reading

Posted in pensions | Tagged , , , , , , , , , | 1 Comment

Would you buy a recovering alcoholic a large vodka?

Offering IFAs the prospect of commission is akin to running a meeting of alcoholics anonymous in a pub. Continue reading

Posted in pensions | Tagged , , , , , , , , , , , | 1 Comment

Pensions need to be sold for the sausage not the sizzle.

A great observation from Steve Groves, CEO of partnership this morning. @henryhtapper @tcfDAN @clivewaller healthy people were buying to early. Lie expectancy increased 10yrs and annuitisation age didn't move… — Steve Groves (@Sjg3G) January 12, 2016 By “buying” Steve means … Continue reading

Posted in pensions | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Aren’t we our century’s spoiled brats?

Another year,another sensational headline from your “pension puncturing” Daily Express. It’s not a new story, its facts are from the Pension Institute study published last year. So long as interest rates remain low, pension liabilities will be inflated and pension … Continue reading

Posted in pensions | Tagged , , , , , , , , , , , , , , , , , , , , , | 6 Comments

The Nigella Lawson of workplace pensions

I met Hayley Jaggers at a recent Capacity Crunch Conference and linked in with her. We agreed to meet at our Tonbridge offices and we had a business meeting yesterday. She has re-defined my expectation of what can be achieved … Continue reading

Posted in auto-enrolment, pension playpen, pensions | Tagged , , , , , , , , , , , , , , , | 2 Comments

Pensions are dead – long live pensions!

The OECD have spoken – British workers will have worse pensions than folk from any other OECD country; this from Patrick Collinson in  the Guardian. Workers in the UK will have the worst pensions of any major economy and the … Continue reading

Posted in pensions | Tagged , , , , , , , , , , , , , | 5 Comments

NEST is not a financial soup-kitchen.

For some time , I and others advising on workplace pensions have been calling for NEST to make a clear statement on charging employers for NEST support. Now we have it . In case you can’t press the link , here … Continue reading

Posted in auto-enrolment, DWP, governance, NEST, Payroll, pension playpen, pensions | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Pothole follows member

At one moment, as I sneakily followed the autumn statement on twitter (while supposed to be doing strategy), I heard the Chancellor remark Over the next five years the Government will spend £250m to pay for pothole repairs This has … Continue reading

Posted in pensions | Tagged , , , , , , , , , , | Leave a comment

Preparing for an auto-enrolment capacity crunch.

The Telegraph is running a story suggesting that the DWP are drawing up a plan B for auto-enrolment that could see the timeline for initial staging stretch to the next decade. Nannies, gardeners and staff at small firms may not get … Continue reading

Posted in accountants, actuaries, advice gap, auto-enrolment, NEST, pensions, Pensions Regulator | Tagged , , , , , , , , , , , , , , , , , , , , , , | 1 Comment