Tag Archives: default
Investment companies should give be giving us better DC pensions
The Lords has been looking at the lot of DC pension investors, investors who could be invested in CDC before too long. We start with the most important amendment that is needed. Investment companies (trusts) should be on the shopping … Continue reading
Posted in pensions
Tagged Altmann, bowles, default, House of Lords, MPS, Pension Schemes bills, Pensions
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The embarrassing lottery of the default “pension” pathway.
The analysis of what’s happening by default to people’s DC pots is from Peter Osthwaite and published in Professional Pensions. The four pathways devised by the FCA to lead people to retirement take people to very different places. For some … Continue reading
Posted in pensions
Tagged Contract, default, FCA, Pathways, Pension Schemes Bill, Pensions
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Aussie solutions to “pensions” are based on wealth management
I’m interested in the Australian system of rating retirement funds and have looked at the owners of Epic Retirement’s Chant West – the organisation delivering Tick, it’s system to assess what we’d call “pensions”. The ownership is with FE fundinfo. … Continue reading
Three years ago the DWP commenced its nudge towards proper DC decumulation.
Three years ago the DWP commenced its nudge towards proper DC decumulation. This blog was first published in the summer of 2022. With immaculate timing, the DWP launched its latest consultation on how to establish the choice architecture and expand … Continue reading
Will trustees rely on fiduciary duty to deliver DC pensions?
We intend to rely on the trustee’s fiduciary duty to act in the members best interests when developing the suite of products and services. However, we will keep this under review and may introduce further requirements separate to the … Continue reading
Response to the DWP’s consultation on choice architecture for DC spenders
The DWP has published a consultation called Helping savers understand their pension choices It is billed as a Response to the products and services element of the call for evidence and the public consultation on a policy framework to support … Continue reading
A* for consultation on “at retirement” options. Trott nails it.
In 2022 the Government ran a call for evidence This call for evidence has been launched to explore what support members of pension schemes need to help them make informed decisions about how to use their savings. It will also … Continue reading
Buying a pension with my workplace pension pot – why not?
In this article, I look back to the bad old days when people who didn’t choose got “clubbed” by insurers . I look forward to a system that ensures everyone gets a reasonable pension for their savings , whether they … Continue reading
“How do we tell the children?” Our awkward problem over lifestyle.
For the purpose of this article – I will refer to some savers as our “children“, those under our care who have suffered loss while sleeping. They are the unwitting victims in the collapse in bond markets , including … Continue reading
“We have a financial literacy problem, not a product scarcity problem!”.
This article is about what we can learn from Australia about “choice architecture” and how we can avoid leaving the important policy decisions too late, as I believe the Australians have done. As she learns the ropes, I hope that … Continue reading