Tag Archives: Defined contribution plan
Fanning the faint flame for better workplace pensions
Over the next few weeks, Britain’s various IGCs (and baby IGCs) will be reporting on the state of the insurers and the non-insured SIPP providers from an independent viewpoint. I have berated some of the IGC Chairs for being confused … Continue reading
Posted in pensions
Tagged dc, Defined contribution plan, FCA, governance, IGC, law, Leonard Cohen, Money Purchase, pensions, regulation, TPR
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If the deal is good – why not shout about it? Guest Blog From Ralph Frank
Pension savers in the UK benefit, and have done so for some time, from tax relief on their contributions. This perk has been a key driver in incentivising these savers to defer a portion of their earnings for later in … Continue reading
Posted in pensions
Tagged advice, annuity, auto enrolment, dc, dc pensions, Defined contribution plan, revenue, Tax
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Nobody’s scared!
“Velvet glove- iron fist -my arse!” As one Liverpudlian patriarch might have put it. I very much doubt that many employers see the doling out of three £400 penalty notices by the Pension Regulator as a wake-up call to get auto-enrolling. … Continue reading
Posted in pensions
Tagged Actuary, advice, annuity, auto enrolment, dc pensions, Defined contribution plan, my arse
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Do you want to be a Pension PlayPen Agent?
If you fancy helping your clients to get the right workplace pension to suit their payroll and provide best outcomes for their staff, you should register as an agent at http://www.pensionplaypen.com/register . Helping your clients to use our service doesn’t … Continue reading
Diagnosing the real cost of DC
A problem with buying “bundled” DC services is finding out what’s really going on under the bonnet. I recently blew my power steering pump , I wanted to know what had happened but the pump was in a sealed unit – no warning … Continue reading
Posted in annuity, dc pensions
Tagged ABI, AMC, Defined contribution plan, Diagnosis, Investment management, pension, Pension Regulator, Transaction cost
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The Regulator’s right to be cautious about mastertrusts
Over the past two years we’ve seen a number of multi-employer occupational schemes spruced up for auto-enrolment. We’ve seen a number of insurers and asset managers set up as the providers of master trusts. We’ve had a few financial advisers … Continue reading
Why the DC “game is up” for the active fund managers
Like landed salmon , they flap around on the bank, hoping they may get thrown back in the water. Continue reading
Posted in auto-enrolment, corporate governance, dc pensions, de-risking, infrastucture, Management, pensions, Personal Accounts
Tagged AllianceBernstein, Business, Conversion of Paul the Apostle, Defined contribution plan, Erisa, Funds, Hargreaves Lansdown, Investing, Investment, Investment management, Private equity fund, United States
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Too important to hide;- why the Government has to investigate pension default charges
LCP, the pensions consultancy, yesterday published its first DC Fees Survey and very good it is too. It confirms what we knew, that the investment fees and charges for some DC funds are not transparent, that they can be as much as 100% … Continue reading
Posted in actuaries, annuity, auto-enrolment, Bankers, Change, corporate governance, customer service, dc pensions, de-risking, happiness, Henry Tapper blog, NEST, pension playpen, pensions, Popcorn Pensions, Treasury
Tagged Defined contribution plan, DWP, Fiduciary, Government, Gregg McClymont, Investment, Investment management, National Employment Savings Trust, pension, Steve Webb
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Japanese Knotweed – the spread of passive defaults.
While investment consultants ponder the fifty shades of grey of diversification, I ponder just who , outside a small number of “experts” is prepared to take a decision on the default investment option of a company’s defined contribution pension scheme. This question … Continue reading
NEST’s been gelded by the ABI – this is the result!
Here is a case study that will be of interest to Gregg Mcclymont MP @greggmcclymont and those campaigning for “remasculating” NEST. As I’ve said before NEST is a pension eunuch. It cannot accept transfers, accomadate chunky contributors or pass on the benefits … Continue reading