here’s what you’ve been saying
Tag Archives: dc
How DC consolidation can benefit DC members
Like Climate Change, Pension Consolidation isn’t something theoretical, it’s happening and at a great pace. I remember when DB transfers were at their peak (2018) people talking about what was to come. It had come and before the regulators … Continue reading
Altmann and Fawcett on DC’s new bargain
Over the Easter weekend , I continued to question the legitimacy of illiquids in the default funds that dominate retirement saving in the UK. To date these funds have invested in liquid funds which have sought returns by passively … Continue reading
Ros Altmann’s defence of pension consultants (contested).
I wouldn’t say my “postbag was full” , but my recent blog on the damage inflicted by pension consultants on the UK pension framework has raised a few heckles on social media. Having worked in pension consultancies for nearly twenty … Continue reading
Why , given half a chance – most DC savers will “invest” in cash.
In my article today about CDC, I mention that DC is unable to do what CDC can do, which is keep people invested in retirement. The FCA’s Retirement Income survey data shows that the vast majority of redemptions from personal pensions … Continue reading
John Ralfe’s CDC lecture
A big thank you to Imperial College Business School for making this a public lecture, It brought 140 people together, encouraged some sharp debate in the chat room and gave a platform to John Ralfe to explain the con trick … Continue reading
Posted in pensions
Tagged annuity, Brevan Howard, CDC, dc, Financial services, John Ralfe
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The death of the employer pension trust
Geof Pearson told the NAPF conference in 1998 “I have looked over the cliff and seen DC” 22 years later DB trustees can argue that they still have the weight of past money but they are dependent on employers, … Continue reading
CDC works because DC and DB pensions don’t.
My blog yesterday, praising Willis Towers Watson for having the courage of its convictions has received considerable attention, with comment generally being unfavorable , ranging from the politely skeptical Interesting stuff, Henry. The fact that you are happy with … Continue reading
Pensions – “in chaos – need to unite” -sound familiar?
What do George Osborne and Donald Trump have in common? DISRUPTION – that’s what. Disruption happens when a system has fallen into a state where it is no longer functioning for the people it serves. It would seem that the … Continue reading
Will CDC be a success story?
Will CDC be a success story? #pensions @mallowstreet https://t.co/HC8u3uk09G pic.twitter.com/fR8VKyRYOi — Stuart Breyer (@stubreyer) November 4, 2020 The question is the right one. You can’t go on Mallowstreet unless you are a member, which means the wider discussion needs to … Continue reading
