Tag Archives: CDC

Why CDC is the UK’ pension reformation.

Posted on December 4, 2022 by henry tapper

The title of this blog might seem ambitious. Britain currently has no CDC pensions, only an application for a CDC pension scheme, sitting with TPR – from Royal Mail. While that scheme will provide a very ambitious, very expensive and … Continue reading →

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Eversheds swings behind retail CDC

Posted on December 3, 2022 by henry tapper

    Michael Jones is a Pensions Partner at Sutherlands Eversheds. Yesterday he published on linked in an article first published in Professional Pensions: CDC in decumulation – five key strategic areas for focus (professionalpensions.com) The importance of one of … Continue reading →

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HSBC tells us the problem – CDC gives us the solution.

Posted on December 3, 2022 by henry tapper

  The HSBC master trust has teemed up with Andrew Clare of Bayes Business School and Hymans Robertson to produce a report that tells us we currently have no good way of turning the pots we build up through auto-enrolment … Continue reading →

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“We have a financial literacy problem, not a product scarcity problem!”.

Posted on November 21, 2022 by henry tapper

This article is about what we can learn from Australia about “choice architecture” and how we can avoid leaving the important policy decisions too late, as I believe the Australians have done. As she learns the ropes, I hope that … Continue reading →

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For Edi and Andy to do business, DC must grow up.

Posted on November 20, 2022 by henry tapper

Let’s put aside all the arguments over how IRRs in the private equity world are calculated and address Edi’s fundamental question “why would private equity managers want to market their services to UK DC pension platforms?”. As Edi Truell is … Continue reading →

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CDC is a naked flame in the ammunition dump!

Posted on November 19, 2022 by henry tapper

I would urge anyone reading this blog to book 37:42 of their time to listen to Tom McPhail quiz Simon Eagle on how a retail CDC “scheme” might work. Simon is clear throughout that his expertise is in the actuarial … Continue reading →

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Why the time for a new type of pension is NOW!

Posted on November 14, 2022 by henry tapper

Tomorrow (Tuesday 15th) I will be talking with Simon Eagle of Willis Towers Watson on what a new pension based on CDC principles but open to anyone with a DC pot that can be drawn down. Go to http://www.pensionplaypen.com , … Continue reading →

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Nihilism has no place in CDC pension policy

Posted on November 10, 2022 by henry tapper

This tweet is nihilistic and wrong And, of course, any #CDC scheme which lost 11% of assets in the last year would now be cutting real target pensions and PENSIONS IN PAYMENT by 11%. = #CDC is a complex and … Continue reading →

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Why charitable DB schemes shouldn’t rush to buy-out.

Posted on November 7, 2022 by henry tapper

  Stephanie Hawthorne has written another well researched and thoughtful article on defined benefit schemes funded by charities for their staff. These schemes are different from corporate DB schemes in a number of ways. 40% of them are open to … Continue reading →

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John Ralfe turns up to the wrong debate.

Posted on November 3, 2022 by henry tapper

The Corporate Adviser master trust conference was a success. I will return to sessions earlier in the day but this blog is about a debate between John Ralfe, an opponent of CDC and Simon Eagle who champions CDC both inside … Continue reading →

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