Tag Archives: Business

Where does all our money go?


Two of the big three revenue sources are income tax and national insurance, they’re the ones who hurt the well off. The third biggie -VAT is the one that hurts the poorest. Poor people pay VAT at the same rate as … Continue reading

Posted in pensions | Tagged , , , , , , | 3 Comments

An algorithm cannot lie


  An algorithm cannot lie; it will tell you what you set it to tell you with the data you fed it. It has no choice, it is entirely deterministic;- and yet algorithms can help you lie. Let’s take a … Continue reading

Posted in NEST, Pension Freedoms, pensions | Tagged , , , , , , | Leave a comment

What’s the point of disclosure if it never gets seen?


Jo Cumbo has been writing some interesting pieces ( https://www.ft.com/content/787ad06e-7e7b-11e6-bc52-0c7211ef3198)  on how what we need to know about our retirement savings can be delivered to us as we want it. We get our shopping or our meals to our door if … Continue reading

Posted in pensions | Tagged , , , , , , , , , , , | 2 Comments

Too Expensive to Keep? Is it time to break our promises to the baby boomers?


In a stunning lecture delivered without notes to a “senior” audience at the Oxford and Cambridge Club last night, Paul Johnson helped us ask these questions of ourselves. For his audience was by and large – precisely the entitled class … Continue reading

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

My pension fund manager – reassuringly boring.


I’ve worked out what I want from the person who runs my pension fund – I want them to be busy doing nothing. That’s more or less what Martin Dietz is doing running the Legal and General Multi-Asset Fund which … Continue reading

Posted in Fungible, hedge funds, pensions | Tagged , , , , , , , , , | Leave a comment

Pension fury from Paul Lewis


It’s worth subscribing to Paul Lewis’ weekly Moneybox blog, delivered to your inbox on a Friday afternoon. This week’s mail addresses a central unfairness; those laying down the law on pensions are sorted , those they tell to “engage” –  face  “glacial”  innovation from … Continue reading

Posted in pensions | Tagged , , , , , , , , , , , , , | 4 Comments

Pensions Awareness Day #PAD2016


  Yesterday was Pensions Awareness Day. The Pension Plowman apologises to the Pensions Geeks for not shouting about it on this blog yesterday but those at Friends of Auto Enrolment yesterday afternoon wore the badges, those at the Payroll World … Continue reading

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

Anger and remorse – how do they help?


  I have two important engagements next week. On Monday afternoon I will stand up at the TTF event in Westminster and ask those in Government to do more for workplace pensions and on Wednesday I’ll host a session at … Continue reading

Posted in pensions | Tagged , , , , , , , | 2 Comments

Whatever happened to the reform of pension tax relief?


The Government’s plans to resolve the injustices of the Pension Tax Relief system appear to have been ditched. Announced in the budget of 2015, expected in that year’s autumn statement and postponed in the months running up to this year’s … Continue reading

Posted in advice gap, annuity, auto-enrolment, pensions | Tagged , , , , | 4 Comments

Property or pension – Village or City?


  Ros Altmann, who writes better than any financial commentator I know, has produced a brilliant blog on the differences between investing in a property and investing in a pension. You can read the blog here, this is the key … Continue reading

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