Tag Archives: jo cumbo

Cumbo calls into question pension transparency.

Case study – the pertinent question on DB funding. For this story, I spoke to an 86yr-old who worries everyday about how his wife, 9 yrs younger, will cope financially if he dies before her. He receives NO inflation rises … Continue reading

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Financial education? It needs more conviction than most of us can muster!

People in the pensions industry are fond of using the phrase “financial education” as if they know the answer and those who aren’t doing what they want to do are financially illiterate.  This is hugely arrogant and largely wrong. People … Continue reading

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Picking an IFA who’ll stay the course.

  My friend John Quinlivan is fond of asking me “capital or covenant?” He means me to answer whether my business case is  based on the weight of money I can call on , or my trust that I am … Continue reading

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Ageism in the UK

Lucy Kellaway has written a good article in the FT about ageism. Frances Coppola seems to have had a light bulb moment when reading it. Great, great article. We all need to re-examine our attitudes towards older people. That includes … Continue reading

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Does Britain need an Aussie style “Retirement Income Covenant”?

  The Australian Treasury has recently consulted with its citizens on how to oblige Trustees of its huge Super funds to provide them with retirement income. There are parallels in the UK. Over the autumn and winter, the DWP will … Continue reading

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The FT’s Martin Wolf on meaningful reform to pensions

Two things happened on Sunday that made a difference to my thinking on the pensions. the first was spending a day on my boat with Andrew Young and extended family. Andrew more or less designed the PPF and as deputy … Continue reading

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The FT moves the needle on CDC

As I predicted, yesterday turned out to be a day of pension debate and what started as an editorial in the FT , was continued in an excellent seminar where Claer Barrett , Jo Cumbo and Sebastian Payne explored the … Continue reading

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Choosing to challenge male solutions to retirement planning

  Many women are brilliant with money, most household budgets are managed by women and women are better risk-takers, rarely exposing themselves to the kind of catastrophic breakdowns in personal finance that are such a curse on us men. These … Continue reading

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Pension trustees -you can’t buy a sausage with a brick!

There is an interesting article in  the FT which has sparked quite different reactions from people I know. Here is it’s presentation from Jo Cumbo, who has strong views on investing other people’s money for social purpose. It’s Jo’s article. … Continue reading

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IGCs should take providers to task over the MaPS “price comparison” site

  Jo Cumbo and the FT are road testing the Government’s new pensions comparison site which helps people select a later life provider to pay them their money back via the four investment pathways. The worry for Jo and it’s … Continue reading

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