Tag Archives: Government
The value of guaranteed annuity rates
The affable , cricket loving chief executive of Royal London- Phil Loney- has written to Ros Altmann thus;- Dear Ros Congratulations on your Maiden Speech. It is pleasing to hear such a positive advocate for pensions. I was particular pleased … Continue reading
Posted in pensions
Tagged Business, dc pensions, Employment, GAR, Government, National Employment Savings Trust, pension, pension freedom, Phil Loney
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NEST – Lamborghini or Trabant?
Yesterday I wrote about NEST’s great steps towards an integrated approach to the management of auto-enrolment data. I didn’t hear anyone else asking the question “is NEST acting as a force for good or is it over-stepping the remit we , … Continue reading
Posted in customer service, dc pensions
Tagged auto enrolment, Business, Business and Economy, corporate governance, corporate risk, dc pensions, DWP, Employment, Government, National Employment Savings Trust, NEST, pension, Pension new, pension playpen, pensions, Retirement, Trabant or Lamborghini, workplace Pensions
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Let’s not get caught with our trousers down (again).
The reason we have NEST and its £400m debt to the tax-payer is that the private sector refused to commit to supporting auto-enrolment ten years ago. If the organisations like Legal & General, Standard Life and Aviva , could have … Continue reading
Posted in annuity, CDC, Pensions Regulator
Tagged ABI, Actuarial science, annuity, auto enrolment, Business, CDC, collective drawdown, dc pensions, decumulation, Drawdown, Employment, Financial services, financial services industry, Government, IA, Mick Mcateer, NAPF, National Employment Savings Trust, NEST, Pension new, pension playpen, pensions, Retirement, Steve Webb, Target Pensions
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The cost of auto-enrolment
Charlotte Clark – one of the architects of auto-enrolment and now head of private pensions in the DPW – is an economist. She is familiar with cost having worked in a corresponding position in the Treasury and it was … Continue reading
IFAs and actuaries – as easy as “A Cap B”.
For half of the 30 years I’ve been advising people, I was paid by private individuals to help them take difficult financial decisions. For the other half, I’ve been paid by employers to help their staff take difficult decisions. This … Continue reading
Posted in actuaries, advice gap
Tagged actuaries, Actuary, advice, Business, corporate governance, dc pensions, Financial services, Government, Guidance, IFA, National Employment Savings Trust, pension playpen, Pension Poverty, Pension Regulator, pensions, Politics, Steve Webb, transfers
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Consistency and Simplicity (guest blog – Ralph Frank)
The current UK pension taxation regime gives preferential treatment to Defined Benefit (“DB”) savers relative to Defined Contribution (“DC”) savers at both theAnnual Allowance (“AA”) and Lifetime Allowance (“LA”) levels. The current taxation system is overly complex, with two … Continue reading
Posted in pensions
Tagged AA, Business, dc pensions, Employment, Government, LTA, National Employment Savings Trust, pension, Pension new, pension playpen, pensions, Politics, Ros Altmann, Tax
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Whose risk is it anyway?
No matter how we look at it – we do not- and will not- live in a command economy. That means we have to take decisions for ourselves rather than be told how to live our lives. If you want … Continue reading
Posted in CDC, dc pensions, defined ambition, Management, Money Advice Service
Tagged apples, choice, dc pensions, de-risking, DWP, Employment, Financial services, Government, pension, Pension Freedoms, Pension new, Pension Wise, Retirement, Ros Altmann, Tax
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Is auto-enrolment any more than a tax?
Speaking in Birmingham last week, former pension minister Steve Webb, commented on how hard it will be to raise the bar on employer auto-enrolment contributions from the current 1% of band earnings to 3% "Anything to get AE pension contributions … Continue reading
Time to move on?
This election was brutal. Gregg McClymont knew his fate but Steve Webb’s defeat was a shock to us all – sadly electors don’t wear pension goggles. Just as we were resigning ourselves to BAU, David Cameron announced Ros Altmann’s appointment … Continue reading
Posted in pensions
Tagged ageing, BBC, change, Conservative, corporate risk, David Cameron, DWP, Government, NAPF, pensions, Ros Altmann, The Pension Regulator, TPR
5 Comments
Important days for pensions
David Cameron will be announcing his new cabinet members and more junior ministers this week. Those of us who work in pensions already know that Ian Duncan Smith will remain Minister of State at the DWP, but who will be … Continue reading
Posted in pensions
Tagged annuities, annuity, auto enrolment, Business, Business and Economy, CDC, corporate governance, David Cameron, dc pensions, Drawdown, DWP, Employment, Financial services, Government, National Employment Savings Trust, pensions, Politics, Retirement, Ros Altmann, Steve Webb
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