Tag Archives: CDC

Will DC savers ever get pensions?

Posted on February 13, 2023 by henry tapper

I am going to an event this afternoon organised by the Royal Society of the Arts (RSA) and hosted by a famous city law firm. Our agenda is how we move risk sharing on from the one (almost)  achieved example, … Continue reading →

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Why the new CDC consultation is a non-starter

Posted on February 4, 2023 by henry tapper

  The problem for the CDC consultation is clear before we open its foreword. We hear who the consultation is designed for pension scheme trustees and managers, particularly those from DC Master Trust schemes pension scheme service providers, other industry bodies and … Continue reading →

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Fairer pensions? We must address both DB and DC as one.

Posted on January 27, 2023 by henry tapper

  I hope that the DWP and its new Minister for Pensions will focus on increasing fairness between those who have a DB and those who have a DC promise when it sets out its new package of DC reforms … Continue reading →

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A pension doesn’t have to be guaranteed – say the OECD – here’s how!

Posted on January 14, 2023 by henry tapper

This blog looks at the various options available to the British pension system as alternatives to the current investment pathways, retirement “savers” have when looking at ways to  access their pension pot.  The options are laid out in this document … Continue reading →

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“Destination DC?” – don’t rely on Wombat airlines

Posted on January 3, 2023 by henry tapper

I’ve enjoyed this blog a long time but never found the right occasion to publish it. This being the first business day of 2023, I’m re- publishing it now (the original is on the website of the Australian Actuary). Pensions … Continue reading →

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“A CDC design is not needed for the savings phase” – Stefan Lundberg

Posted on December 26, 2022 by henry tapper

For those who read headlines , this article by Stefan Lundberg , may look an attack on CDC. For those who read articles, this is one of the best explanations of how CDC can be adapted to be a mass … Continue reading →

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The OECD opens a new chapter on “non-guaranteed pensions”

Posted on December 23, 2022 by henry tapper

The OECD have produced another tombstone on pension policy around the world. Thanks to my friend David Harris for dropping it on my toe this Christmas. You can read the content online here or download it as a PDF for … Continue reading →

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LDI more good than harm? LDI more harm than good?

Posted on December 21, 2022 by henry tapper

  I’ve been wondering why I’m interested in LDI. It’s not out of academic interest – I don’t think academically and I’m not a practitioner. I have no skin in the game. But LDI interests me as someone who’s interested … Continue reading →

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Thoughts on “death and taxes and pensions”.

Posted on December 16, 2022 by henry tapper

Here is how the Institute of Fiscal Studies concludes its report into the taxation of DC pots when the owner of the pot dies. I whole heartedly agree with the analysis and conclusions of this report. Conclusion Whether by accident, … Continue reading →

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Should there be an initial conversion rate to turn pot to pension?

Posted on December 5, 2022 by henry tapper

According to the FCA’s Retirement Income Study, the average drawdown rate used by non-advised savers is 8% pa. This is almost certainty driven by need rather than sustainability and the great thing about drawdown is it meets people’s needs. The … Continue reading →

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