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Tag Archives: consolidation
How can we improve member outcomes if we can’t measure them?
The DWP links its campaign to consolidate small DC pension schemes to the headline “improving member outcomes”. But what is a good member outcome and how is it measured? The only measure I know of, that captures the value savers … Continue reading
What is consolidation doing to DC contribution rates? WTW’s surprising results!
FTSE 350 Defined Contribution Pension Survey 2020 https://t.co/iD5kcNLMfR via @WTW_uk — Henry Tapper (@henryhtapper) July 13, 2021 The collapse in confidence among small pension schemes gathers pace as Corporate Adviser reports. Two-thirds of employers who currently run their own trust-based … Continue reading
Posted in pensions
Tagged CDC, consolidation, Gemma Burrows, master trusts, Roy Edie, WTW
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Where are these 1200 schemes to be consolidated?
When it comes to poor practice “sunlight is the best disinfectant”. But the sun never shines on the whereabouts of occupational DC schemes, which are supposed to run their own websites for the benefit of all, but whose whereabouts on … Continue reading
Posted in pensions
Tagged AgeWage, Business, consolidation, corporate governance, corporate risk, DWP, hurdles
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“Further and faster”- the white heat of pension consolidation.
UK to go “further and faster” with workplace #pension consolidation push. https://t.co/5uM7o0mgHN via @financialtimes — Josephine Cumbo (@JosephineCumbo) June 22, 2021 Yesterday, I wrote about the immediate impact of the DWP’s regulations on consolidation of occupational DC plans, today I’m … Continue reading
Too many schemes, too many pots, too little pension!
We need to sort out pensions and we pensions need to sort out the climate. These are the challenges we face and I’m pleased to see Government is on to them! Over the weekend , I tried to put the … Continue reading
A Minister Drinking the Regulator’s Kool-Aid – No Consolation
An article by Con Keating The preamble to a recent article in Professional Pensions by the Pensions Minister, Guy Opperman, read: ” In the fourth of a five-part series of articles for PP, pensions minister Guy Opperman sets out how … Continue reading
Posted in advice gap, de-risking, DWP, guy opperman
Tagged Con Keating, consolation, consolidation, DB, DWP, Funding Code, Pension Regulator, Pensions, politics, Retirement, TPR
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Respect small pension pots, they simmer our dreams
I was lucky to be invited to listen to Chris Curry yesterday at a DWP convened meeting to think about the issues around small pots. Much of the information discussed was proprietary to the DWP so I can’t share the … Continue reading
Posted in pensions
Tagged Adrian Boulding, big-fat-pot, consolidation, DWP, Guy Opperman, small pots
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Pension Bee floats for £300m – MPs dither over dashboards
Two things caught my eye yesterday evening. The first was a comment made in parliament by Nigel Mills MP on protecting people from themselves and denying them access to digital consolidation via a dashboard. Nanny state The Government … Continue reading
Posted in advice gap, pensions
Tagged AgeWage, auto enrolment, Business, Business and Economy, consolidation, Financial services, Nigel Mills, penions, Pension Bee
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Dashboards aren’t the “small-pot fix” some claim
The ABI want us to consider pension dashboards as a means to consolidate small pots Imperative for any solution … is for government to prioritise delivery of commercial and non-commercial pensions dashboards to spur pension scheme members to consolidate … Continue reading
Posted in advice gap, age wage, pensions
Tagged consolidation, Pensions, small pots, Stephen Timms
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Why is Pension Consolidation flavor of the month?
Yesterday (October 30th), the Government closed its consultation on improving member outcomes. It called for small workplace pensions to fold into bigger ones and by consolidating , deliver better outcomes for their members. Pension consolidation is so politically correct it’s … Continue reading
