Tag Archives: CDC

CDC works because DC and DB pensions don’t.

  My blog yesterday, praising Willis Towers Watson for having the courage of its convictions has received considerable attention, with comment generally being unfavorable , ranging from the politely skeptical Interesting stuff, Henry. The fact that you are happy with … Continue reading

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Is Salesman Simon a pension scammer? I think not!

Simon Eagle is not your common or garden pension salesman. He is a mild-mannered actuary with a mischievous smile and a stammer that he has bravely overcome. When he claims that CDC beats drawdown by 57%, we should listen up. … Continue reading

Posted in advice gap, CDC, consolidation | Tagged , , | 9 Comments

Time to put a stop to the pseudo-science of life-styling

For 25 years, “life-styling” has been the accepted wisdom for defined contribution pension schemes in the UK. Pension experts now use the phrase without thought to the confusion of a public for whom lifestyle means something altogether different from the … Continue reading

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USS; are UCU and UUK missing the big picture?

This is nonsense. If universities can’t pay the required #USS DB contribution, then simply move to DC, which was of course the original plan. Universities backed down in the face of strikes https://t.co/rYtU1azGjM via @timeshighered — John Ralfe (@JohnRalfe1) November … Continue reading

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Pensions – “in chaos – need to unite” -sound familiar?

What do George Osborne and Donald Trump have in common? DISRUPTION – that’s what. Disruption happens when a system has fallen into a state where it is no longer functioning for the people it serves. It would seem that the … Continue reading

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Will CDC be a success story?

Will CDC be a success story? #pensions @mallowstreet https://t.co/HC8u3uk09G pic.twitter.com/fR8VKyRYOi — Stuart Breyer (@stubreyer) November 4, 2020 The question is the right one. You can’t go on Mallowstreet unless you are a member, which means the wider discussion needs to … Continue reading

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Now more than ever , Royal Mail’s CDC scheme looks a game changer

I was lucky to be among the participants in yesterday’s Westminster Business Forum and hear Jon Millidge and Terry Pullinger talk with pride of the CDC scheme they expect to launch for over 140,000 postal workers. At a time of … Continue reading

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Would CDC have surfed the pandemic’s waves? Aon think so

Earlier this week Willis Towers Watson explained how  an individual’s buying power from a CDC scheme could be 70% higher than from a conventional DC scheme. Hot on its heels, Aon analysis shows UK CDC schemes would have weathered 2020’s … Continue reading

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CDC – a new type of pension provision coming to the UK

On Wednesday (October 8th),  CDC will be debated in the house of commons and with a fair wind, legislation enabling employers and multi-employer master trusts to provide DB like benefits for defined contributions will be enacted  by the end of … Continue reading

Posted in CDC, pensions, Royal Mail | Tagged , , , , , , | 5 Comments

QE cooked the 4% rule and LCP explain why.

Dan Mikulskis and Phil Boyle have produced an epic as one of LCP’s “on point” papers. The 4% rule is one of the few rules of thumb that we are left to cling on to when facing what Bill Sharpe … Continue reading

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