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 , , , , , | 1 Comment

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

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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 , , , , , , , , , , , | Leave a comment

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

Posted in annuity, Bankers, corporate governance, Financial Education, smelly, Student debt, zopa | Tagged , , , , , , , | 10 Comments

“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

Posted in actuaries, Bankers, pension playpen, pensions, Popcorn Pensions, Public sector pensions, Retirement | Tagged , , , , , , , | 7 Comments

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 , , , , , , , , , , , , , , , , , , , , , | 11 Comments

Are your junior staff’s finances any business of yours?

Vicki’s customers have unsecured debts, rental agreements, hangovers, STDs and attitude Continue reading

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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 , , , , , , , , , | 3 Comments

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