Tag Archives: Fiduciary Management

The Care-taker


The Caretaker or janitor was a familiar figure in apartment blocks until recently. Their demise has coincided with the advent of outsourced facilities management. Listening to the National Association of Fire Door manufacturers calling this morning for a single accountable … Continue reading

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When cheap is not cheerful – Boris Bikes and uncapped liabilities.


  Boris Bikes are wonderful. For £90 a year you can hurtle around the streets of London on the cycling equivalent of a Sherman Tank. All you have to remember is to dock your bike at the end of your … Continue reading

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Meaningless choice


“choices should only be offered where they are meaningful, timely and can be taken in the full understanding of both up and downside”.
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Posted in annuity, corporate governance, customer service, de-risking, Fiduciary Management, Liability Driven Investment, NEST, Retail Distribution Review, Retirement | Tagged , , , , , , , , , , , , , , , , , , , | 6 Comments

Le Pension Crisis est Arrivé


Image via Wikipedia PWC report today that the value of DC pension pots has fallen by 30% in the last three years. This Telegraph article gives the grim details. This is not a paper loss which can be reversed if markets recover, … Continue reading

Posted in annuity, corporate governance, customer service, dc pensions, de-risking, Fiduciary Management, NEST, OECD, pension playpen, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | 7 Comments

The Regulator, wisdom and the crowd


The Pension Regulator, it needs be said , did not have a good Professional Pension Show. Things started well enough with a keynote speech that laid out its 2012 agenda Get DB solvent Get DC sorted Get Auto-Enrolment in Simples… And that … Continue reading

Posted in annuity, corporate governance, customer service, dc pensions, de-risking, Fiduciary Management, Liability Driven Investment, NEST | Tagged , , , , , , , , , , , , , , , , , , , , | 4 Comments

A pound spent on pension’s as good as salary – the new golden rule


I published a blog recently on the need for the DWP to take notice of the real concerns of the ASA. It got some  really interesting comments made on various sites mainly opposing the ACA’s pessimism. Interestingly the pessimism of the actuaries mirrors … Continue reading

Posted in annuity, corporate governance, dc pensions, Fiduciary Management, pension playpen, pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , | 4 Comments

Just watched the Wigan West Ham game on radio


Watching a Premier League Game is a marketing not a football experience. Continue reading

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A massive failure of nerve – the sad state of our DC pensions


Last year 460,000 people bought annuities from their DC pensions, Two thirds of these people did not bother to get the best rate for their accumulated funds and as a result suffered on average a 10% lower pension than those who did. Continue reading

Posted in corporate governance, dc pensions, de-risking, EU Solvency II, Fiduciary Management, Liability Driven Investment, NEST, pensions, Personal Accounts, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | 10 Comments

The Uniq Pension Scheme – what would you do as a member?


If you are a member of the Uniq Plc Pension Scheme with a reasonable deferred pension you ought to be worried. The employer’s covenant is weak and ,on the face of it , the scheme is bust. Continue reading

Posted in de-risking, pensions | Tagged , , , , , , , , , | 1 Comment

I like annuities but I’m worried..


Imagine it- the prospect of a 15-20% pay cut for the rest of my life and all because the Government changed the rules. Continue reading

Posted in annuity, dc pensions, de-risking, EU Solvency II, pensions, Personal Accounts, Retirement, Treasury | Tagged , , , , , , , , , , , , , , , , , , , , , , | 2 Comments