Tag Archives: Drawdown
Pensions and the power of patience
There is a polarisation going on when people come to draw their retirement savings and these figures show it very well. Those who want their money early (55-64) want the money in their bank account or at an enhanced … Continue reading
No one should ever have to buy a poor annuity again.
I’ve just read an article that could best be described as smug. It’s written by a lawyer in the financial regulation team of Foot Anstey – Alan Hughes. I don’t know Alan but I know his firm and have a … Continue reading
Posted in advice gap, age wage, annuity, pensions
Tagged annuity, Drawdown, GAR, George Osborne, pension, personal pension
7 Comments
What price certainty? (Boring blog on annuities and drawdown)
In financial matters, certainty comes at a price. Is it a price that I’m prepared to pay? I’ve been putting myself in the shoes of a friend who is around the same age as me (57) and is hoping to … Continue reading
Posted in advice gap, age wage, pensions
Tagged AgeWage, annuity, Drawdown, FCA, pensions, retirement line
2 Comments
Bosses + trustees talk “pension choices” too!
This blog looks at what the FCA is planning to do to regulate the way unadvised drawdown plans are presented to customers. This follows the publication on a further policy paper from the FCA – CP 19/21 The point of … Continue reading
Posted in advice gap, age wage, pensions
Tagged annuity, CDC, choice architecture, Drawdown, pensions
3 Comments
How do you choose your pension drawdown provider?
Between 94% and 75% of us (depending on which official estimate you follow), are not paying for advice. Unadvised drawdown is likely to become more common – unless the mass market advice market revives. Although the banks and insurers are … Continue reading
FCA to tame the drawdown bucking bronco!
Yesterday was a good news day for people concerned about retirement income. The FCA made two meaningful statements on what it intends to do to help ordinary people trying to manage their in retirement finances. The first was the … Continue reading
Posted in advice gap, corporate governance, FCA, pensions
Tagged AgeWage, charges, Drawdown, FCA, GAA, governance, IGC, investment pathways, pensions, SIPP
5 Comments
Launching CDC into a bear market.
The paper below is one of two that models what happens when CDC hits bad markets. I guess this one could be likened to launching a lifeboat into a stormy sea. CDC makes headway – but it’s tough. Imagine you’d … Continue reading
We can’t reopen closed railways or pensions – but we can build anew
How does #CDC help the individual saver in a falling market as you claim….? @henryhtapper https://t.co/PbsnbcXwku — John Ralfe (@JohnRalfe1) December 26, 2018 When I wrote this blog on Boxing Day about “coping with falling markets” – I did not … Continue reading
Time for a re-think on drawdown practice? – Clive Waller
This article by Clive Waller is great because it comes from a good heart. Many advisers reading it will not find it good at all, it calls into question the sustainability of their business model. Many of their customers, who probably … Continue reading
Why do people take pension choices that make them sad?
I’ve been reading a short report by Demos for Legal and General. L&G provide annuities and want to understand the fall in the numbers of annuities purchased. The retirement riddle is that the choices people are taken since the pension … Continue reading