Tag Archives: DWP

Can Trustees, SIPPS and lawyers provide DWP with agreed rules on DC transfers?

Six years ago, no-one had heard of PensionBee; it was a start-up operating out of a serviced office in the Borough with a handful of staff, a scanner and some very good coders who knew their way around Salesforce. Rather … Continue reading

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ABI sets out how auto-enrolment can work better for insurers.

    Insurers have long benefited from Government pension policy in building up their funds under management. Lobbying from the ABI has led to the establishment of personal pensions which have been used not just as a means of accumulating … Continue reading

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Is “drawdown” a viable pension option for Nest’s pensioners?

In my opinion , the answer to that question is no. It is a “no for the USA, for Australia, for the UK and it is a “no” for five reasons To achieve a sustainable advantage over a guaranteed pension … Continue reading

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DWP announces “Game on” for savers looking to turn pots to pensions

With immaculate timing, the DWP launched its latest consultation on how to establish the choice architecture and expand the decumulation options for members retiring from occupational schemes. Or to use language that people understand “how we get paid by  our … Continue reading

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How do master trusts add value for members at retirement?

I shouldn’t be surprised to report on a consultancy looking at how member outcomes could be improved by picking the right workplace pension. But I am. This morning at 11 am, Hymans Robertson are kicking off another round of webinars … Continue reading

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All pensions have the same Duty to their Consumers – to provide Value for Money.

  The Government struggles to find an overarching measure that defines “consumer protection”. Trust law says that trustees have a duty of care towards beneficiaries of a trust, historically consumers with policies regulated by the FCA were told that the … Continue reading

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A way to manage pension freedom – from a land down under.

FCA and TPR. Please read below a post from an Australian actuary called Jim Hennington. It describes the regulatory requirements placed on providers of retirement income in Australia. I have only inserted links, to help readers not familiar with terms … Continue reading

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A proposal for Government on pensioner poverty,

In my earlier blog today , I argue that employers and pension providers should cease jawing about extra saving and focus on making existing saving more affordable for those struggling to heat and eat. In this blog, I ask whether … Continue reading

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How can CDC Decumulation provide inflation protection? – Con Keating

This blog from Con Keating is technical and designed to help the DWP ,tPR and others , when thinking about how to encourage inflation protection in the pathways on offer to savers in retirement.  Member options for retirement income Introduction … Continue reading

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Two ways for Government to improve investment pathways

Currently the Government has a strategy for guiding people who don’t employ a financial adviser to the right choice for what to do with accumulated pension savings after the Minimum Normal Retirement date (55 going on 57 in six years … Continue reading

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