Tag Archives: CDC

Why , given half a chance – most DC savers will “invest” in cash.

In my article today about CDC, I mention that DC is unable to do what CDC can do, which is keep people invested in retirement. The FCA’s Retirement Income survey data shows that the vast majority of redemptions from personal pensions … Continue reading

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

John Ralfe’s CDC lecture

A big thank you to Imperial College Business School for making this a public lecture, It brought 140 people together, encouraged some sharp debate in the chat room and gave a platform to John Ralfe to explain the con trick … Continue reading

Posted in pensions | Tagged , , , , , | 7 Comments

Time for master trusts to take a fresh look at retirement income?

I’m really pleased this blog is getting a lot of reads; I hope some of them are from people who fund , manage and govern our master trusts – our next great pension story! We now have primary legislation in … Continue reading

Posted in pensions | Tagged , , | 2 Comments

How will history remember the Pension Schemes Act 2021?

  The Pension Schemes Bill received Royal Assent last week and is now enacted. Though assent is a formality, it draws the line in the sand. “What is changing”  is now “what has changed” and the work of Guy Opperman … Continue reading

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

Why self-service for pension choice may not be enough

It is odd thinking of the work that goes into the valuation of Defined Benefit Schemes, that so little has been done to help individuals value their DC pots. I don’t mean by that the monetary worth of a DC … Continue reading

Posted in pensions | Tagged , , , | 1 Comment

Lecture: ‘Can CDC turn base metal into pensions gold?’ by John Ralfe

That friend to financial economics and foe to open pension schemes, John Ralfe, is delivering a public lecture on CDC on February 23rd. Register here for my @ImperialBiz on-line lecture. https://t.co/d23ex5RlH9 What does CDC “inter-generational risk sharing” really mean? How … Continue reading

Posted in pensions | Tagged , , , | 3 Comments

The Treasury’s review of funds should remember all who use them!

The Government faces four particular challenges in its regulation and promotion of the UK asset management industry. It has much to lose and little to gain from change – Britain is Europe’s largest asset management hub and the disruption of … Continue reading

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

Still no evidence that pots are becoming pensions!

There’s not been much discussion about the HMRC’s latest update on what’s being drawn down from  our pensions and what there has been has interpreted the data differently. Alistair Mcqueen has tweeted positively New pension freedom data out today. Total … Continue reading

Posted in advice gap | Tagged , , , , , , | 1 Comment

Opperman – CDC makes pensions “more sustainable for employers”

Guy Opperman signs off his end of year vale dictum like this Finally, we’ve made significant strides in terms of introducing collective defined contribution schemes. We’ve outlined a legislative framework for them, which spreads the investment risk, allowing for greater … Continue reading

Posted in pensions | Tagged , , , | 6 Comments

OECD-C? A guide to reading the OECD’s Pension Outlook 2020.

People saving for retirement face longevity risk in addition to investment risk. Sharing these risks among stakeholders improves the sustainability and resilience of retirement savings arrangements. For risk sharing to be sustainable, it is important to have a regulatory framework … Continue reading

Posted in pensions | Tagged , , | 2 Comments