Tag Archives: default

Do we still consider defaulting to “cash-out” or “annuity-purchase” VFM?

Posted on August 30, 2026 by henry tapper

Me and John Greenwood think alike – that  the definition of their value for money is the return they get on their DC pot. In an article last week he asked why some DC pension schemes are still defaulting members … Continue reading →

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Nest is a collective DC fund in all but name. It will remain the default for most employers.

Posted on July 10, 2026 by henry tapper

Nest now has £13bn invested in the UK economy, according its latest annual report which was laid before Parliament today. This is an investment more akin to an open DB Scheme (LGPS or USS) or a CDC scheme aimed to … Continue reading →

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Pension Thunderbirds are go! Richard Smith counts down

Posted on May 31, 2026 by henry tapper

There are three things that will matter to people and their pensions in the first half of 2027 The arrival of the first multi-employer CDC plans  DC pots  default at retirement to lifetime retirement incomes Pension Dashboards what’s coming to … Continue reading →

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Investment companies should give be giving us better DC pensions

Posted on January 24, 2026 by henry tapper

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 →

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The embarrassing lottery of the default “pension” pathway.

Posted on December 9, 2025 by henry tapper

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 →

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Aussie solutions to “pensions” are based on wealth management

Posted on August 23, 2025 by henry tapper

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 →

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Three years ago the DWP commenced its nudge towards proper DC decumulation.

Posted on May 22, 2025 by henry tapper

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 →

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Will trustees rely on fiduciary duty to deliver DC pensions?

Posted on November 23, 2023 by henry tapper

  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 →

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Response to the DWP’s consultation on choice architecture for DC spenders

Posted on August 9, 2023 by henry tapper

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 →

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A* for consultation on “at retirement” options. Trott nails it.

Posted on July 14, 2023 by henry tapper

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 →

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