The foundational social contract of UK pensions was established under a clear compact: Exempt-Exempt-Taxed (EET). Savers agreed to sacrifice current…
We have to remember that from society's point of view, DC pension pots are the most inefficient way of providing…
[…] Yesterday morning I posted the Times article deriding “the guarantee of pensions for all”… […]
Crypto Scam Victim Guide: What to Do After You Have Been Scammed Cryptocurrency scams can happen through fake investment platforms,…
Tag Archives: dc pensions
A very brief history of pension innovation (with Gregg McClymont)
Gregg McClymont is on Darren and Nico’s podcast this week (with a 70 minute hard stop and a lot of Gregg). It is an interesting and thoughtful session made in the knowledge but not scrutiny of the FCA’s VFM consultation. … Continue reading
Posted in pensions
Tagged dc pensions, Gregg McClymont, Pension Superhaven, Pensions
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Validating a proposal to pay people pensions
My very good friend Carsten Staehr has sold his interest in payroll to pursue his interest in his family, sport and alcohol (running a wine bar). Tales of Carsten are numerous and I will not rehearse the excesses that have … Continue reading
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Tagged AgeWage, Business, Con Keating, corporate governance, DB, dc pensions, de-risking, Government, NEST, pension, Pension new, pension playpen, Pensions, Retirement, Steve Webb
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Hymans demand DC pensions for “us great unwashed”
Hymans Robertson issued a press release yesterday that I thoroughly endorse. Hymans’ analysis concludes that DC pension members could increase retirement incomes by as much as 20%1 if new risk sharing options were made available at the point of … Continue reading
Confusing evidence. Aon and Aegon’s bogus trade-offs
Aon has produced a survey of Aegon customers who are approaching the point they could choose pension over pot by buying into CDC, annuitizing or drawing down from their pot. The survey is interesting not so much for the results … Continue reading
The pension investment debate – where we have got to?
Pensions are now center-stage in Britain’s economic debate. The assets within our DC and DB pension systems are openly discussed by politicians , the think-tanks and in the press. The immediate future of UK pensions has been opened to debate … Continue reading
Posted in pensions
Tagged Business, dc pensions, National Employment Savings Trust, Pensions, Retirement
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Will the PLSA recognise the pension investment agenda has changed?
For a second time in a row, a PLSA Conference will take place at a time of national debate about the impact of pension investment on the economy. The last Conference in October coincided with the BOE’s purchase period of … Continue reading
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Tagged Business, dc pensions, Pension new, Pensions, PLSA, politics, Retirement
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PMI DC and master trust symposium -a welcome anchor!
I got a surprise but most welcome last minute acceptance to this event, having been on the waiting list. The event was a sell-out with well over 200 delegates, a healthy exhibition and a day long event that kicked off … Continue reading
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Tagged Business, CDC, dc pensions, DWP, Mastertrust, National Employment Savings Trust, NEST, Retirement, TPR
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DWP bets the house on “adequate” DC pensions. No wonder it’s targeting VFM!
The DWP published a report on Friday that has attracted attention from mainstream and social media. It is the DWP’s first analysis of retirement income in the UK since the analytical report of the 2017 auto-enrolment review and it was … Continue reading
Fairer pensions? We must address both DB and DC as one.
I hope that the DWP and its new Minister for Pensions will focus on increasing fairness between those who have a DB and those who have a DC promise when it sets out its new package of DC reforms … Continue reading
The PPF report a £400bn fall in DB assets in 2022
The PPF’s estimate suggests that 23% of the asset base of Britain’s £1.8 trillion pound funded DB pensions has evaporated during 2022. This is equivalent to 23% of the assets. What goes down, will come back up but … Continue reading
Dear all, Regarding the potential acquisition of the "Lady Lucy" for £75,000, I have set down some initial thoughts on…