Tag Archives: DWP

Workie off balance-Frank to the rescue!


An everyday story of kleptocratic mismanagement Here is an extract from the recently published conversation between the DWP Select Committee (Frank Field & Co) and the DWP (under new management). You are always supposed to read the source material first, … Continue reading

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Get off your boat, get back to the Regulator, go and write a whacking big cheque.


A paraphrase of Frank Field’s advice to (Sir) Philip Green, after the publication of a damning report into the failure of governance that Green created in his 15 years in charge of BHS. Here is his press comment “One person, … Continue reading

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Wake up to the PPF!


  It was good to oversleep and wake up not to the lark (metaphorical here in EC4), but to Alan Rubenstein purring about his Pension Protection Fund. Pension Protection Fund figures published yesterday show the lifeboat scheme has £4.1bn surplus and … Continue reading

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Shaking up at the DWP- how will politics effect pensions and payroll?


As we all know by now, the DWP are very proud of auto-enrolment which former Pension Minister described as “that hen’s tooth – a public policy success”. At the time of writing, I should be in a meeting chaired by … Continue reading

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No! Pension Minister!


   Did she jump – was she pushed? Speaking on Vanessa Feltz’s LBC show this morning  (goo.gl/LQ99b8  1:17:20-1:31:21) , Ros Altmann said it was a bit of both. The events since her “resignation” suggest that the role of Pensions Minister … Continue reading

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May be!


  Well it was nothing if not “brutal”, though I expect that will be spun to “pragmatic”. The conservative party abandoned any further flirtations with democracy, closed ranks and appointed Teresa May as leader and – from tomorrow- Prime Minister. … Continue reading

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The future of NEST


  NEST has called for people and organisations to comment on what it should do when the initial surge of auto-enrolment is over. We have already seen rivals to Sage suggesting it remain circumscribed to its current limited function. We … Continue reading

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Tactical transparency from the Investment Association


  Professional Pensions reports that the Investment Association (IA) have appointed senior pension figures to advise the it on a new disclosure code for investment costs. Helen Morrisey, the paper’s editor is optimistic I’m sure the process will be challenging but … Continue reading

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Brexit not AExit


  Disruption of auto-enrolment happened way before the recent referendum and is set to continue as one of the many unintended consequences of a leave vote. The ambitious legislative reforms put in place by the coalition’s pension minister Steve Webb … Continue reading

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The soft underbelly of master trusts


  Many master trusts are absolutely rotten – they are not fit for purpose. Lots of advisers are using them as a back door way of bringing in commission, dressed up as high governance charges. The words of Barnett Waddingham’s … Continue reading

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