Tag Archives: Derek
To get better pensions we need to share risk
Yesterday, Steve Webb announced he was to review the level of protection that needed to be provided to private pensions in payment. His intention is to help the solvency of defined benefit schemes which might need to reserve less for future guarantees. He is … Continue reading
Posted in annuity, corporate governance, dc pensions, de-risking, EU Solvency II, Fiduciary Management, Management, NEST, pensions, Retirement
Tagged CDC, Defined benefit pension plan, Derek, Dutch, Employment, pension, Standard Life, Steve Webb, trustee
9 Comments
Can we have a word Mr Webb?
You mentioned that there should be a default position (on mallowstreet). I have argued that there is a default decumulation position, it is a level single life annuity provided by the insurer that managed your pension accumulation. This is a “pot-luck” position and many are buying appalling annuities as a result. This is at the root of what we, Robin Ellison, Con Keating, Alan Higham , the AMNT and Kevin Wesbroom, (to name but a handful of those calling for change), are trying to address. Continue reading
Posted in annuity, auto-enrolment, corporate governance, customer service, dc pensions, de-risking, Fiduciary Management, Liberal Democrats, NEST, Nick Clegg, pension playpen, pensions, Personal Accounts, Retirement
Tagged Civil service, Con Keating, Derek, Dutch, Dutch people, Government, Life annuity, pension, Pension Protection Fund, Steve Webb
14 Comments