Tag Archives: Financial literacy
Flunking financial literacy – it’s a global thing!
Amin Rajan is a clever man and he has written a very good article in the FT that starts The UK Financial Conduct Authority’s recent exposure of the abuses around the 2015 pension freedoms that enable people to cash in their gold-plated … Continue reading
Posted in CDC, pensions
Tagged annuity, CDC, Financial literacy, pensions, Scheme Pensions, state pension
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Getting to financial self-sufficiency
I’m fascinating by the different ways in which people learn things -especially by the way that the internet has made it possible for people to become expert in quite difficult things in a very short time. Of course there … Continue reading
Posted in pensions
Tagged educate, Empower, Engage, financial education, Financial literacy, first actuarial, literacy, self suffeciency
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“10 years too early, 10 years too late” – CDC stands on on an empty platform
Nearly eight years ago, the Government Actuary ‘s Department produced a paper that effectively killed CDC. It argued that CDC could not be relied upon to deliver benefits with the same certainty as our DB system and that there was no … Continue reading
Posted in advice gap, CDC, Pension Freedoms, pension playpen, pensions
Tagged CDC, DWP, FAMR, Financial literacy, GAD, Pension Freedoms, pensions, Personal emplowement, Politics, Ros Altmann, Steve Webb, Treasury
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Who invited banks into schools?
What do the FT, Vivi Friedgut and Martin Lewis have in common? Answer; a common wish to keep banks out of schools! Why have I posted that stupid photo to this blog? Answer; because it demonstrates comparable imbecility of allowing banks … Continue reading
“Pensions aren’t dead yet!” January pension play pen lunch
At an unusually passionate lunch, notable for the absence of the principal villain, Michael Johnson, the Play Pen set about putting pensions to rights. For those not in the loop, the Telegraph posted an article espousing the views of the aforementioned Johnson which … Continue reading
Pensions dead by 2050 – taking the Michael?
The Daily Telegraph, which through Richard Evans has started writing sharp and provocative articles on pensions, came out with a corker just before Christmas. I read it on the beach and nearly choked on my sangria! Here it is in … Continue reading
Posted in annuity, Australia, auto-enrolment, David Pitt-Watson, dc pensions, de-risking, defined aspiration, Henry Tapper blog, NEST, Payroll, pension playpen, pensions, Treasury, with-profits
Tagged Actuarial science, Business, Business and Economy, Christmas, corporate governance, corporate risk, Daily Telegraph, DC Comics, dc pensions, Employment, Financial literacy, Financial services, Government, National Employment Savings Trust, pension, Pension Poverty, pensions, Politics, Retirement, Saving, social media, Steve Webb
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Are your junior staff’s finances any business of yours?
Vicki’s customers have unsecured debts, rental agreements, hangovers, STDs and attitude Continue reading
Keeping kids solvent
Vivi Friedgut is quite a woman. Still in her early thirties she has left the world of private banking where she could make easy money advising the super-rich. She has chosen to invest her private capital in educating students and those at … Continue reading
Posted in Bankers, customer service, Facebook, Henry Tapper blog, pensions, twitter
Tagged Business, Citywire, Education, finance, Financial literacy, Home, Private banking, Student, Thursday, Youth
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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 Business, Debora Price, Decision making, Eagle Star, Eagle Star Insurance, Einstein, Employment, Fiduciary Management, Financial Capability, Financial literacy, Financial services, Galileo, Gallileo, Newton, pension, Quantitative easing, Social group, trustee, United States, Wittgenstein
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