Tag Archives: CDC

Con Keating -“CDC is no hardy perennial”


  A critic of CDC began a recent blog with: “Collective Defined Contribution is a hardy perennial”, which, to my mind, is only appropriate for a scheme of arrangement capable of delivering pension benefits more efficiently and equitably than any … Continue reading

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

Flunking financial literacy – it’s a global thing!


Amin Rajan is a clever man and he has written a very good article in the FT that starts The UK Financial Conduct Authority’s recent exposure of the abuses around the 2015 pension freedoms that enable people to cash in their gold-plated … Continue reading

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

“Is CDC the viable alternative to DB?” Con Keating is on the case


  Con is on the Labour party’s pension policy group. I’m a Tory party member. We agree on this, we need innovation. In this article , Con explains how the principles behind CDC could enable some employers to carry on … Continue reading

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

“Glass half-full please!”


Glass half empty Imagine you are heading the motor industry’s trade body and you put out a statement telling the public that small cars are unsafe. It would be true in as much as tanks rarely come off worse in … Continue reading

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

Labour adopts CDC for good retirement outcomes


  This week , the Labour Party’s list of policies became one longer when shadow pension minister Alex Cunningham announced that reviving the mothballed secondary legislation to enable collective defined contribution schemes would happen under a future Labour Government. A few … Continue reading

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

FCA- Outcomes for DC savers will improve when we resume sharing risk!


The FCA has asked for response to it’s Retirement Outcome review, NEST have shared their response with the FT which reports  NEST saying that, without “the right support structures in place”, it was “extremely concerned” its 5m members may run out … Continue reading

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

“We dislike pensions but we don’t distrust them”- thoughts from comrade Gregg!


One of the pleasures of living in the City of London is the early evening beer with City slickers. City slicker Gregg McClymont and I had a pint or two in the Fine Line last night and caught up after … Continue reading

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

A wage in retirement or freedom from pensions?


Yesterday I wrote about one aspect of the dispute between Royal Mail and its workers – the difference in opinion between the two sides on how postal workers are financially supported in retirement. It appears very simple; Royal Mail want to … Continue reading

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

Postmen want to strike – is it any wonder?


Maybe it’s because they’ve been reading the FCA’s report on Retirement Outcomes. Maybe the FCA have been talking with them. Either way, the 140,000 postal workers in the Royal Mail scheme don’t want a pension when they pack up their … Continue reading

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

Innovative pensions for the mass of us!


In its Retirement Outcome Review (interim report), the FCA were clear on  evidence of a problem The blame lies not with thick consumers but with lack of competition If competition is not working effectively and consumers make uninformed retirement income decisions this could lead to … Continue reading

Posted in advice gap, auto-enrolment, DWP, pensions | Tagged , , , , , , , | 7 Comments