Tag Archives: Defined benefit pension plan

“Open Government isn’t an idea, it’s an action”

Posted on August 21, 2014 by henry tapper

When you walk into the DWP’s offices in Westminster, you are greeted with a montage of Male, Pale and Stale mug-shots of politicians and permanent secretaries who are the DWP’s big wigs. Very 1980s – very Sir Humphrey! But that’s … Continue reading →

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The instructive tale of Freddy Flumper and Tony Lamborghini

Posted on August 14, 2014 by henry tapper

As I didn’t dare hope, the Treasury continue down the pension reform fairway. Having hit a 325 yard drive into position A with their Budget reforms, they’ve hit a 275 yard second to the heart of the green with ‘uncrystallised … Continue reading →

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Pension PlayPen needs your digits.

Posted on August 5, 2014 by henry tapper

  Digital marketing is something we’re having to learn as we go along. We’ve got to find 1,000,000 employers who don’t have a workplace pension and convince them of the importance of paying some attention to what their staff invest … Continue reading →

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Fungibility

Posted on August 2, 2014 by henry tapper

One of the great words of the English language, fungibility means that something is replaceable. What’s fungible and what’s not? If I give you a tenner, that note is fungible with 10 £1 coins or two fivers. If I am … Continue reading →

Posted in CDC, Fungible | Tagged , , , , , , , , , , , , | 1 Comment

These you have loved (the pension brands that fell by the wayside)

Posted on August 1, 2014 by henry tapper

Here is a list of the insurers participating in the ABI’s DC legacy review and the brands under which they provide (or originally provided) DC workplace pensions.  Abbey Life  Abbey Life Assurance  Hill Samuel Life Assurance  Target … Continue reading →

Posted in investment, pension playpen, pensions | Tagged , , , , , , , , , , , | 4 Comments

Private savings to rescue public finances

Posted on July 31, 2014 by henry tapper

I wish Trevor Llanwarne well as he retires as Government Actuary, hoping he’ll take advantage of the 10.3% pa uplift in the BSP if he defers his State Pension till 2106. If he, as many of his civil servant buddies … Continue reading →

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CDC- your questions answered – by legal eagles

Posted on July 29, 2014 by henry tapper

    We’ve been waiting for a decent CDC article from the legal eagles ; thanks to Norton Rose , we now have one and  they are happy to let us share it. So here it is – minus the … Continue reading →

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How retirement products evolve (and revolve).

Posted on July 25, 2014 by henry tapper

  There are three drivers that shape the evolution of financial products – supply, demand and Government intervention. Between the mid 80s and today Britain has seen a Financial Services Revolution that has been no less dramatic than the agrarian … Continue reading →

Posted in auto-enrolment, Bankers, corporate governance, Financial Education, pensions | Tagged , , , , , , , , , , , , , | Leave a comment

Time to ditch the “institutional” from pensions

Posted on July 24, 2014 by henry tapper

  There has always been a gulf between retail and institutional pensions. But I have never felt it so inappropriate . Retail pensions were sold on commission, organised by insurance company and regulated by the Treasury via the FCA and its … Continue reading →

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Three old farts on DC regulation

Posted on July 23, 2014 by henry tapper

            John Reeve, whose previous comments on DC I have dismissed as the “wittering of an out of touch actuary”, has written a telling comment on mallowstreet. I’m sure he won’t mind me re-publishing it … Continue reading →

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