Tag Archives: jo cumbo

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

Pothole follows member


At one moment, as I sneakily followed the autumn statement on twitter (while supposed to be doing strategy), I heard the Chancellor remark Over the next five years the Government will spend £250m to pay for pothole repairs This has … Continue reading

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

The Public Accounts Committee on Auto-Enrolment – (tweets on DWP/tPR and NEST)


I’m not sure a blog has ever been written around one person’s tweets of an event, but Jo Cumbo’s online reporting of the Public Accounts Committee’s session on auto-enrolment is so excellent that I thought to hand over to her … Continue reading

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

The day the IGCs had their picnic


Apparently yesterday was the day the IGCs had their picnic or whatever they do when they congregate at some legal temple in the City. The IGC’s – let’s be reminded – were set up by Government to keep the insurers … Continue reading

Posted in governance, pension playpen, pensions, risk | Tagged , , , , , , , , , , | Leave a comment