Tag Archives: dc

The importance and focus of UK DC consultants

Posted on March 10, 2023 by henry tapper

The influence of a handful of independent consultants in determining winners and losers in the reshaping of DC workplace pensions cannot be overestimated. The big deals- the consolidation of large single employer sponsored occupational schemes into master trusts are determined … Continue reading →

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Fairer pensions for the private sector?

Posted on March 5, 2023 by henry tapper

  One of the Minister for Pensions personal desiderata is to narrow the gap between DB and DC savers. The graph, taken from the DWP’s recent Analysis of Future Pension  Income.shows DC savers increasing while those with DB rights are … Continue reading →

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Burnt at the stake – the 2022 “lifestyle” fiasco is no joke.

Posted on January 6, 2023 by henry tapper

End of the sub-zero bond yield era https://t.co/4iygBZ3Z4o — Josephine Cumbo (@JosephineCumbo) January 5, 2023 Over the Christmas period , Japan decided to join the rest of the world and call time on “free money”. You now have to pay … Continue reading →

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“Destination DC?” – don’t rely on Wombat airlines

Posted on January 3, 2023 by henry tapper

I’ve enjoyed this blog a long time but never found the right occasion to publish it. This being the first business day of 2023, I’m re- publishing it now (the original is on the website of the Australian Actuary). Pensions … Continue reading →

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May Christmas bring you more “retirement years”

Posted on December 25, 2022 by henry tapper

Happy Christmas Day!   2022 has brought us one guy who has filled us with good cheer. Stefan Lundberg is that man and over the Christmas period I want to republish a few of his great articles and blogs of … Continue reading →

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Can private markets improve DC outcomes? – We must trust our Trustees.

Posted on December 14, 2022 by henry tapper

Private market investments are dark horses. We can see they make people rich but so far, those riches have not been shared with people saving for their own retirement. Lee Hollingsworth asks the reasonable question, “why is private equity so … Continue reading →

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Nico Aspinall- radical on the investment of our workplace pensions.

Posted on December 9, 2022 by henry tapper

I find myself violently agreeing with Nico Aspinall, something that rarely happens but is good when it does. In the first of what I hope will be a number of briefing notes, Nico weighs into the hegemony of life company … Continue reading →

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Should DC trustees be worried by the gilt-crash?

Posted on September 28, 2022 by henry tapper

Reading Jonathan Stapleton’s measured reporting on the funds used by DC investors in the “pre-retirement phase” I was drawn to some research from Professional Pensions The scale of the issue Well-diversified master trust default funds tended to fare better than … Continue reading →

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Why pension tax-relief has remained a rich man’s perk

Posted on April 18, 2022 by henry tapper

Back in 2015, when reform of the pension tax relief system was under a consultation “Strengthening the incentive to save: consultation on pensions tax relief – GOV.UK (www.gov.uk)” the Government requested Ipsos Mori to research how much the general population … Continue reading →

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Is TPR setting too high a bar for CDC?

Posted on January 26, 2022 by henry tapper

If you’re thinking of running a CDC scheme, make sure you have deep pockets. The application price alone is an eye-watering £77,000. This compares with £23,000 to apply for master trust authorisation. No one will make an application without being  … Continue reading →

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