Tag Archives: DWP

Are unicorns just for little girls?

I don’t often agree with my friend Steven Groves (at least not on social media) but we found common ground yesterday after I argued that the charge cap needs a carve out to accommodate performance fees when something goes really … Continue reading

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Why is the PLSA laying into Guy Opperman?

What is going wrong? It appears that the PLSA has fallen out with the DWP and the Pensions Minister in particular. Yesterday the PLSA’s Director of Policy publicly criticized the Pension Minister for failing to adopt its proposals on “Guided … Continue reading

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Con Keating on illiquids and performance fees.

A Response to the DWP Consultation on Illiquid Investments and Performance Fees   Dr Con Keating Chair, EFFAS Bond Commission April 2021   It would not be surprising if the DWP were swamped by responses to this consultation from the … Continue reading

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Pension trade bodies vie for “tallest dwarf”.

On December 17th, the DWP reported on the findings of its small pots working group, the report was accompanied by press releases from the various participants in a competition to find the tallest dwarf. I am sorry to write ill … Continue reading

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Why “pension raids” are not the priority for the Treasury

Yesterday’s “Tax-Day” came and went without a headline grabbing announcement on personal tax relief. I liked this reaction published in Professional Pensions Quilter tax and financial planning expert Rachael Griffin said the announcements were “a bit of a damp squib, … Continue reading

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Why should we want to incur high fees on our pension pots?

“Incurrence” is a bizarre word. It is mostly used in the investment markets and typically in relation to debt. It is used by the Pensions Minister in announcing the draft regulations that will enable DC schemes to voluntarily incur fees … Continue reading

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The politics behind extending auto-enrolment

Yesterday the TUC conference discussed widening the scope of auto-enrolment to include the self-employed, the youngest workers and those on low incomes within the financial net of auto-enrolment. Yesterday UBER finally admitted that it controlled its workers to a degree … Continue reading

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The end for small DC trust-based schemes?

  My old firm, First Actuarial have published a  timely bulletin to its clients which I’m drawing on here. It gives me the title for this blog and sets out the issues troubling Government in a clear and formal way. … Continue reading

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Underpayments of the State Pension estimated at £2.7bn.

In May last year, former Minister Steve Webb, now a partner with actuarial practice, Lane Clark and Peacock, launched a calculator to help the nation’s Grannies work out if they were entitled to more state pension than they had received.. … Continue reading

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Could #Budget21 be a game-changer for our pensions?

Sunak’s 2021 budget amounts to a kick in the backside to workplace pensions that could do for workplace pensions what the pension freedoms did to annuities.  By workplace pensions, I mean the savings schemes funded through payroll and joined by … Continue reading

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