Tag Archives: CDC

The self-employed are engaged- they just don’t know what to do.


If you have an FT subscription, follow this link –  you will be able to read Jo Cumbo’s beautifully written opinion piece “Self-employed, the pension world’s great unsolved dilemma”. If you are saving so hard for your pension that you … Continue reading

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Smart Ledgers & Collective Defined Contribution Pensions


    Long Finance’s Distributed Futures research programme has produced a report entitled “Smart Ledgers & Collective Defined Contribution Pensions”, the latest in a series of exciting projects in the programme. Long Finance has agreed to invite readers of this blog to the … Continue reading

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Here be dragons – Z59; Con Keating


Many of the opponents of CDC pensions have argued that, if introduced, they should be tightly regulated, as they are “untried and untested”. Some have even suggested that the Dutch system of regulation, with its stochastic models, risk buffers and … Continue reading

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Is calling a CDC pension a “wage in retirement” dishonest?


I got home from a fine evening with David Byrne at the Apollo, to a surprising assault from John Ralfe. It’s not surprising to be verbally assaulted by John on Twitter, but it was surprising that John, who had been … Continue reading

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More CDC nuts and bolts- this time from Kevin Wesbroom


  Rt Hon Frank Field MP Work and Pensions Committee c/o Clerk of the Works and Pensions Committee House of Commons 7 Millbank, London, SW1P 3JA Dear Frank and colleagues Michael Johnson’s Commentary on Collective Defined Contribution (CDC) Michel Johnson … Continue reading

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Nuts and bolts of CDC


My twitter account is currently heavy with reproach from  John Ralfe and his followers who are demanding I deliver documents, statements and reveal confidential information about collective pension schemes; (I am also under fire for quoting Hamlet). To some this would be harassment, … Continue reading

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Pension Deficits (and Surpluses) – where do you stand on #FABI ?


Rather than kick off with  the FAB index this month, I thought to promote the response it’s publication this morning has received. On the one hand there is Paul Lewis, who (for me) stands  for common sense and the ordinary person. … Continue reading

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The trees are great – but the wood’s the thing!


  This week has seen ,present at the Institute and Faculty of Actuaries pension conference on “mapping the Pension Genome”, our Pension PlayPen lunch on “defaults to spend our DC saving”, Reward Strategy conference on “Royal Mail’s journey to CDC” … Continue reading

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“Why Michael Johnson’s so wrong!” – Con Keating


Michael Johnson’s letter to Frank Field & Co on CDC (reproduced in full here) was a real disappointment. I had expected more; a new and closely reasoned critique, passionately believed, perhaps. What I got was a tired and repetitive rehearsal … Continue reading

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University pensions! – Stay collective! Stay open!


Another good day for pensions! Yesterday was a good day for the collective pension scheme in Britain. I had breakfast at Cicero’s offices in the Old Bailey (not the courts). I was able to hear our Pensions Regulator talk openly about … Continue reading

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