Tag Archives: employer
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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Time for some fresh thinking on CDC
The Pension Schemes Bill is making its way through the House of Lords but now seems unlikely to get Royal Assent before July. If it misses its target and we don’t get an Act till the Autumn, a Royal … Continue reading
Posted in advice gap, age wage, CDC, pensions
Tagged CDC, DB, employer, master trust, one trick pony, Pension Schemes Bill, pensions, Royal Mail
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Defining the benefit of CDC – Con Keating on “CDB”.
The pension experts have great fun rubbishing Frank Field’s inquiry into CDC. Here’s why Frank says he’s doing it. “What the select committee is aiming for is to retain some of the best features of company schemes in a different age when employers … Continue reading
Posted in pensions
Tagged CDC, Con Keating, defined benefit, employer, Pensioins, Risk-pooling, sponsoriship
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Do employers have a duty of care when choosing pensions?
The shadow pension secretary Alex Cunningham has tabled an amendment to the Pension Schemes Bill which could clarify whether an employer has a duty of care in choosing a workplace pension for its staff. There are currently over 80 class … Continue reading
Posted in pensions
Tagged accountant, auto enrolment, Duty of Care, employer, Payroll, workplace pension
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