Tag Archives: jo cumbo

Fund managers -Norma Cohen is still watching!


  The great British financial journalist Norma Cohen rarely publishes in the FT these days, when she does, it is to great effect. This week she published a quiet and thoughtful piece on the impact MIFID II is having on … Continue reading

Posted in Blogging, David Pitt-Watson, economics, journalism, pensions | Tagged , , , , , , , , | 3 Comments

Planning for a noble and quick death?


  The FT has been doing some research about what motivates people to swap a pension for drawdown. The sample may not have been big but they’re drawing a strange conclusion. The superiority of the death benefits within drawdown are … Continue reading

Posted in Facebook, First Actuarial, pensions, twitter | Tagged , , , , , , | 3 Comments

Clarification needed on CETV volumes.


  The FT published a number yesterday – £100 million. It is the amount that pensions  administrator JLT are paying out in transfer values every month. It looks a large number. Mischievously I suggested that might be revenue to JLT rather than the … Continue reading

Posted in pensions | Tagged , , , , , | Leave a comment

Insuring too much for living too long


I went to an interesting debate this morning about the DB deficit crisis (what crisis?). A number of interesting things emerged, such as a statement that a pension scheme cannot get a real return on its investments. I looked at … Continue reading

Posted in pensions | Tagged , , , , , , , , , , | Leave a comment

“Bill it to the fund”- why the TTF calls for full disclosure.


(Brief)case study I didn’t quite know what the smart gentleman meant when he offered me a drink in a first class carriage coming down from Manchester. “It’s ok – we’re billing to the fund”. Then it dawned on me, the … Continue reading

Posted in pensions | Tagged , , , , , | 6 Comments

FABI says “no no” to the deficit yo-yo!


The First Actuarial Best-estimate Index (FABI) continues on a more predictable flight. An actuary speaks! Rob Hammond, who oversees the number crunching behind FABI says: “Yo-yo deficits do nothing to restore people’s confidence in their pensions. FABI paints a truer … Continue reading

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

What’s the point of disclosure if it never gets seen?


Jo Cumbo has been writing some interesting pieces ( https://www.ft.com/content/787ad06e-7e7b-11e6-bc52-0c7211ef3198)  on how what we need to know about our retirement savings can be delivered to us as we want it. We get our shopping or our meals to our door if … Continue reading

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

Will the transparency Zeitgeist pervade the FCA?


The Financial Times is reporting that the Association of Member Nominated  Trustees are ready to exercise muscle to get to the bottom of what we are paying for charges. This is really good news ; but before we get too … Continue reading

Posted in Blogging, pensions | Tagged , , , , , , , , , , | 3 Comments

Pension Freedoms need a Pension Dashboard


Jo Cumbo asks how the Pension Freedoms are bedding down. I don’t have access to the big data of an insurer but I am 54 and am now only six months from my entitlement to blow my savings on whatever I … Continue reading

Posted in Financial Education, First Actuarial, Pension Freedoms, pension playpen, pensions | Tagged , , , , , , , , | 2 Comments

Net pay schemes – 5 chances – then name and shame employers!


The Pension Minister is threatening to require employers who run net pay pension schemes that disadvantage staff to compensate those low-paid individuals who lose out on tax relief. The majority of the tax relief foregone is on contributions to Government … Continue reading

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