Tag Archives: Drawdown

The problem with platforms (is that everyone loves them).


Platforms are a relatively new but significant and growing distribution channel. The platform service provider market has doubled since 2013 from £250bn to £500bnassets under administration (AUA). This growth in AUA has been driven by rising markets and increasing levels … Continue reading

Posted in pensions | Tagged , , , , , , , , , | 3 Comments

Thinking the unthinkable – Frank’s at it again!


For a third inquiry in a row, Frank Field and the Work and Pensions Committee (WPC) – are asking difficult questions that need proper answers. Firstly they asked if the pension freedoms were working – a question that led to … Continue reading

Posted in Big Government, Carillion, CDC, Dashboard, dc pensions, pensions | Tagged , , , , , | 1 Comment

Do YOU need a financial adviser in retirement?


The argument is central to most pension debates at the moment. There are some who would have everyone who reach 55 meet with an adviser. Others who would limit the pension freedoms to those prepared to pay advisers to manage … Continue reading

Posted in advice gap, pensions | Tagged , , , , , | 8 Comments

The loneliness of the long-distance saver


My heart goes out to Jo Cumbo as she pours over her provider statement. Jo is on the employer governance committee for the FT’s own workplace pension (I won’t mention the contract provider but it’s a household name). Here she … Continue reading

Posted in advice gap, pensions | Tagged , , , , , | 2 Comments

For you, my friend, drawdown is over- the chimera of freedom


This article is about collective pensions, it’s not technical, anyone can read it and – I hope- enjoy it. I wrote it after discussing pensions with my landlady at my Munich hotel. My friend Abraham has it in a nutshell. … Continue reading

Posted in CDC, pensions | Tagged , , , , , | 2 Comments

Royal London’s IGC comes of age


  I’ve been tough on the first two reports from Phil Green, Chair of Royal London IGC. I guess I am a convert third time around, as this report reads well, is stacked with useful information on Royal London’s value for … Continue reading

Posted in pensions | Tagged , , , , , | 4 Comments

What is CDC?


  I’ve had a couple of calls recently for a simple explanation of what CDC is and why it could be useful in Britain today. CDC is an abbreviation for Collective Defined Contribution. A CDC scheme is created by contributions … Continue reading

Posted in CDC, Pension Freedoms, pensions | Tagged , , , , , , | 2 Comments

“Savers to be discouraged from raiding pensions” – NS Sherlock


Apparantly DC pension providers are considering giving pension savers guidelines as they start drawing down money so they don’t run out of money. (Daily Telegraph- savers to be discouraged from raiding pensions). Presumably a responsible pension provider would also encourage … Continue reading

Posted in CDC, dc pensions, pensions | Tagged , , , | 6 Comments

The democratisation of risk?


I can’t say I’d heard this phrase before Bruce Porteous of Aberdeen introduced it into conversation at yesterday’s Westminster Business Forum. The only reference I can find to it on the web is a sneering jibe at “Cowboys in Superland” … Continue reading

Posted in CDC, pensions, Trades Union Congress, trustee | Tagged , , , , , | 1 Comment

Has the hardest nastiest problem in finance just got a little easier?


I enjoyed reading this serious and sensible argument by Steven Lowe of “Just”.  I suspect that most financial advisers reading it will conclude, as I do, that planning an income for the final years of someone’s life is so fraught that (if … Continue reading

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