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Tag Archives: employer
Would your firm consider a CDC pension?
Today Terry Pullinger and I are in Brighton talking to union representatives working for employers with unionised workforces. We’re spending our Sunday explaining to ordinary workers what CDC does for staff and how employers can consider it. We’re … Continue reading
WTW – remember it’s the employer who chooses the pension offered to its staff
Willis Towers Watson (WTW) have done some work presenting their thoughts on “decumulation”. This is known on this blog as “turning to pensions”. Thanks to Simon Ellis, whose work as Chair of Lifesight, the WTW DC mastertrust is important. This … Continue reading
Union’s problems with “pension pots” can be solved by employers “listening to their people”- Torsten Bell
I asked a question of the Pensions Minister yesterday. I had been asked to ask it by the Finance Director of a large employer (more than 20,000 staff) with most in a DC workplace pension. He told me that … Continue reading
How does value get measured for money at retirement?
Let us imagine a conversion rate from pot to pension for everyone at a certain time of their lives – let’s call that the date of the state pension to simplify decision making on what we measure decumulation decisions … Continue reading
ONS – bosses see pensions as “just a perk”, “taxation not covenant”.
The ONS has produced a revealing chart that the FT has improved. It shows that while employers are putting more into auto-enrolled workplace pensions, they are putting less into Defined Benefit pensions for a number of reasons (none of … Continue reading
Can we repurpose the employer covenant adviser?
Not so long ago, any pensions award ceremony had a category to “recognise” the employer covenant adviser whose job it was to tell the trustees the likelihood of an employer going bust. The Pensions Regulator went through a phase when … Continue reading
Why the new CDC consultation is a non-starter
The problem for the CDC consultation is clear before we open its foreword. We hear who the consultation is designed for pension scheme trustees and managers, particularly those from DC Master Trust schemes pension scheme service providers, other industry bodies and … Continue reading
Is the DB funding code any good? Ask sponsoring employers.
It’s been a tough week for the Pensions Regulator. They came off second best at the WPF, both to the line of questioning from Stephen Timms, Nigel Mills and others, but also to the FCA who were able to … Continue reading
Opperman – CDC makes pensions “more sustainable for employers”
Guy Opperman signs off his end of year vale dictum like this Finally, we’ve made significant strides in terms of introducing collective defined contribution schemes. We’ve outlined a legislative framework for them, which spreads the investment risk, allowing for greater … Continue reading
The FCA’s new approach to Pension Value for Money
The Backstory Back in 2014, with the excoriating OFT report fresh to mind, the FCA made a deal with the insurers not to refer the insurers to the Competition and Markets Authority in return for those insurers operating workplace pensions … Continue reading
Posted in advice gap, pensions
Tagged employer, FCA, GAA, GPP, IGC, Value for Money, VFM
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