Tag Archives: GAD

Innovative pensions for the mass of us!

Posted on July 14, 2017 by

In its Retirement Outcome Review (interim report), the FCA were clear on  evidence of a problem The blame lies not with thick consumers but with lack of competition If competition is not working effectively and consumers make uninformed retirement income decisions this could lead to … Continue reading →

Posted in advice gap, auto-enrolment, DWP, pensions | Tagged , , , , , , , | 4 Comments

Actuaries – many ears here to listen!

Posted on May 14, 2017 by

I am glad that I had a go at the actuarial experts arguing in the FT.  It didn’t change the way  people behaved yesterday – (although several hundred people appear to have spent time reading it) – but  it solicited … Continue reading →

Posted in pensions | Tagged , , , , , , , | 5 Comments

A pensions dashboard brings its own risk.

Posted on April 16, 2017 by

A need for pension I am keen not to pour cold water on the pensions dashboard, but I am not having it promoted as the game-changer to savings behaviour. The pensions dashboard is what Martin Clarke, the Government Actuary, refers to … Continue reading →

Posted in advice gap, pensions | Tagged , , , , , , , , | 2 Comments

Andy Young OBE

Posted on January 5, 2017 by

Andy Young – an outstanding actuary! One of the less sung OBE’s awarded in this year’s honours was to Andrew Young. Andrew is a friend of mine and a friend to this blog. I am not sure that is this … Continue reading →

Posted in pensions | Tagged , , , , , | 2 Comments

GAD shows you can’t take “company” out of “company pensions” #TATA

Posted on September 26, 2016 by

So the mysterious volte face by the Government over the Tata Steel pensions rescue package is a mystery no more. The FT, led by super-snooper Jo Cumbo have unearthed the GAD submission to the DWP consultation on solutions to the … Continue reading →

Posted in pensions | Tagged , , , , , , , , , , , | 4 Comments

“10 years too early, 10 years too late” – CDC stands on on an empty platform

Posted on December 6, 2015 by

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

When you’re 64… buy the state pension! (girls buy even earlier!)

Posted on June 1, 2015 by

  I chaired and spoke at a number of retirement income seminars last month – you may have been at one. While I was encouraged by the engagement and education of the audience in financial products, I was frustrated by the scope … Continue reading →

Posted in actuaries, annuity | Tagged , , , , , , , , , , , , | 3 Comments

In defence of genius.

Posted on October 6, 2014 by

Genius is not just misunderstood – it is persecuted. Those who didn’t get Copernicus, Galileo, Wordsworth or Darwin did not ignore these genius’, they set out to do them in. Bob Dylan when he laid out his Highway 61 album … Continue reading →

Posted in actuaries, advice gap, CDC, David Pitt-Watson, dc pensions, pension playpen, pensions, Pensions Regulator | Tagged , , , , , , , , , , , , , , , , , | 1 Comment

Andrew Young – 65 not out – a pensions legend!

Posted on June 22, 2014 by

  Andrew Young is the Pension Regulator’s Strategy Director, he is the go to guy in UK pensions if you want to understand the implications of Government Policy. He has been a mentor to me since I first met him … Continue reading →

Posted in actuaries, pension playpen, pensions | Tagged , , , , , , , , , , , , , , , | 3 Comments