Tag Archives: Consumer price index

How to buy a pension

Buying your pension is one if not the biggest financial decisions you will take (or have taken). It’s fearfully difficult and most people take it with little help and – worse-information. Almost everyone is going to have to do it and that so … Continue reading

Posted in annuity, Bankers, Change, Consolation, dc pensions, defined aspiration, happiness, pensions, Public sector pensions, Retail Distribution Review, Retirement | Tagged , , , , , , , , , , , , , , , | 6 Comments

“A fair and lasting settlement”; public sector pensions

Paul Johnson and the Institute of Fiscal Studies have done the numbers and, to nobody’s surprise, have concluded that the long-term cost of  public sector pensions in terms of “pensions out” will be about the same under the new regime … Continue reading

Posted in de-risking, pensions, Public sector pensions | Tagged , , , , , , , , , | 2 Comments

Coalition – come clean on your plan for our pension.

My criticism of the Green Paper is that while it is long on philosophising on the impact of longevity, the need for fairness and for personal responsibility, it’s short on idntifying the winners and losers in the process.

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Posted in NEST, Nick Clegg, pension playpen, pensions | Tagged , , , , , , , , , , , , , , , , | 6 Comments

A definitive solution to the annuity crisis.

It is time that we started using our existing infrastructure, the PPF, the DWP pension payment system and the ultimate covenant of the UK tax-payer to sort out this mess.

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Hapless man tries to buy a pension

A man walks into a shop, goes to the counter and asks the shopkeeper for a pension

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This is Liverpool – this train terminates here

Another restatement, the gravy train has hit the buffers. Continue reading

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Swapping away your pension increases?

We’re seeing a lot of sponsors asking their trustees to agree that members can be offered a cash inducement or a higher level pension in exchange for their giving up their entitlement to future increased in their pensions. So what should … Continue reading

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