Tag Archives: Drawdown

Helping older people with money


  I’m pleased to see the FCA publishing a paper on the particular problems older people  have with financial services, I haven’t read it all , only the summary (which I can summarise as the paper does)! The summary rightly … Continue reading

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

Sexy cash in a vibrant market? You ain’t seen nothing yet!


I’m not quite sure why Money Marketing is reporting man of the people Steve Webb as re-phrasing Bachman-Turner Overdrive’s famous phrase, this way Steve Webb: DB transfer demand? You’ve not seen anything yet Steve is not a linguistic pedant and … Continue reading

Posted in pensions | Tagged , , , , | 1 Comment

Planning for a noble and quick death?


  The FT has been doing some research about what motivates people to swap a pension for drawdown. The sample may not have been big but they’re drawing a strange conclusion. The superiority of the death benefits within drawdown are … Continue reading

Posted in Facebook, First Actuarial, pensions, twitter | Tagged , , , , , , | 3 Comments

Why should frustration blight the pension promise?


I have been following a series of tweets from Jo Cumbo; they concern an interview with a man who has recently “encashed” his pension with the cash being invested in a drawdown product. He is 57, has worked for British … Continue reading

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

This market failure’s not about advice but product.


  The FCA paper on structural problems with the pension freedoms that I wrote about yesterday, is the first evidence of Government admitting all in this garden is not rosy. What has happened since 2015 is an increase in people hammering … Continue reading

Posted in advice gap, CDC, pensions | Tagged , , , , , , , | 5 Comments

Bad language gives pensions a bad name.


Yesterday a financial journalist called about a confusing e-mail she had seen showing changes to a friend’s pension plan The letter was trying to explain how the friend’s fund management would change – to give her freedom and choice in … Continue reading

Posted in pensions | Tagged , , , , , , , | 9 Comments

Does Pension Freedom need a “disinvestment default”?


The success of auto-enrolment in encouraging 7 million new pension savers to stay in, has been attributed to the power of inertia. There may be some goodwill generated by “pension freedoms” but even workplace pension providers accept that most new … Continue reading

Posted in pensions | Tagged , , , | 4 Comments

Auto-protection from an autodidact (the joy of Johnson).


One of the joys of Michael Johnson’s 40 or so papers on pensions is that you never know what to expect next. Johnson deliberately sets himself apart from the industry to rail at it. He is at his best when … Continue reading

Posted in pensions | Tagged , , , | 3 Comments

Are defaults enough? Or do we need compulsion?


  Well I’m back from 10 days in India where I saw the very rich and the very poor but not much in the middle. I saw some very fine architecture which showed me what can be done when people … Continue reading

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

DRAWDOWN TAX; I’m as free as a bird (in a cage)


  I’m as free as a bird can be when “freedom” is defined and confined by HMRC. “Me” as case study; I have a pension pot which wealth managers call “big” but can only supply me with an income of £15,000 … Continue reading

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