Tag Archives: Civil service
If Capita don’t deliver on pension administration milestones they should lose the contract
Steve Thomas, Deputy General Secretary of Prospect union, responding to the government’s statement on the administration of the Civil Service Pension Scheme by Capita, said: “The ongoing problems with the Civil Service Pension Scheme are totally unacceptable and are causing … Continue reading
What’s happening to your public sector pension?
This blog is written for those in public sector pensions who are interested in how their pensions in retirement are likely to be affected by Government interventions. It looks at the difficult areas for those in defined benefit schemes, the … Continue reading
Posted in pensions
Tagged Civil service, fire workers, LGPS, NHS, Pensions, public sector, Teachers, Tony Goldstone
1 Comment
The public sector needs a low cost pension alternative
This blog is about public sector pensions and the problems that they will face with Auto-Enrolment. It will be of interest to people concerned with pension reform, fairness, inclusivity and with bringing DC up to the standards of DB. The question … Continue reading
Who’ll win this Pension Referendum?
We are about to have a pensions referendum. Votes will be cast not at the ballot box but through an obscure process known as “the opt-out“. Over the next five years , more than 5m people, around 20% of the … Continue reading
Posted in auto-enrolment, pensions
Tagged Civil service, Government, Insurance, pension, Steve Webb, Stock market, Telegraph, William Hill
6 Comments
Can we have a word Mr Webb?
You mentioned that there should be a default position (on mallowstreet). I have argued that there is a default decumulation position, it is a level single life annuity provided by the insurer that managed your pension accumulation. This is a “pot-luck” position and many are buying appalling annuities as a result. This is at the root of what we, Robin Ellison, Con Keating, Alan Higham , the AMNT and Kevin Wesbroom, (to name but a handful of those calling for change), are trying to address. Continue reading
Posted in annuity, auto-enrolment, corporate governance, customer service, dc pensions, de-risking, Fiduciary Management, Liberal Democrats, NEST, Nick Clegg, pension playpen, pensions, Personal Accounts, Retirement
Tagged Civil service, Con Keating, Derek, Dutch, Dutch people, Government, Life annuity, pension, Pension Protection Fund, Steve Webb
14 Comments
Pension Equality? Don’t make me laugh.
Great news, – a group of civil servants (the National Audit Office) have decided to audit the work of another group of civil servants (the Pension Regulator) reporting to another group of civil servants (the DWP). The point of the audit is … Continue reading
Posted in annuity, Bankers, corporate governance, dc pensions, de-risking, Liberal Democrats, Martin Lewis, NEST, pension playpen, pensions, Retirement
Tagged Civil service, Defined benefit pension plan, Department for Work and Pensions, DWP, National Audit Office, pension, Pension Regulator, Private sector, Steve Webb
11 Comments