The RF approach is probably close to what Andy Burnham would like to happen, but the mood music at present…
The economic background is challenging and guidance can be found in the recent report The RF report’s key findings are:…
The history of British equity release predates your old boss's comment in 1984 by nearly two decades, Henry. The first…
Thanks. "... Your core concern is sound: neither country guarantees that private DC savings will be sufficient, and both systems…
Tag Archives: jo cumbo
Watch your carbon footprint – Aussie!
The UK’s Financial Conduct Authority last month said it saw a “clear rationale” for regulatory oversight of certain ESG data and rating providers. “We stress that market participants and consumers must be able to trust green and other ESG-labelled … Continue reading
Pensions Minister resigns
I resign with great regret, given there are serious ongoing issues that need addressing ranging from cost of living support, to legislation, & parliamentary debates. It should not take the resignation of 50 colleagues, but sadly the PM has left … Continue reading
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
Posted in pensions
Tagged DB Funding Code, Hatton, Jane Hatton, jo cumbo, Pensions, ppf, USS
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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
Posted in pensions
Tagged conviction, jo cumbo, Martin Lewis, Paul Lewis, preach, Preaching, Ros Altmann, Sir Steve Webb, Steve Webb, wesley
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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
Posted in pensions
Tagged ajh financial, capital, covenant, dividends, FCA, ft, jo cumbo
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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
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
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
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
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
Posted in pensions
Tagged #choosetochallenge, CDC, jo cumbo, OECD, Scottish Widows, women
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We bought our present house more than forty years ago. The newspapers all said "Buy as expensive a house as…