As I have mentioned in past posts, median tenure of American workers has been less than 5 years for the…
Couldn't agree with you more, Henry. The unthinking suggestion that the need to improve the adequacy of retirement income results…
At the EPFIF Trustee Circle last week, a speaker from a leading investment manager talked about the "gamblification" of the…
I've got six old workplace pots scattered around and honestly the admin of merging them has put me off for…
Tag Archives: lawyers
Are lawyers “economic parasites” or “rentiers”
Byron McKeeby has this to say. December 28, 2025 at 7.32 (Edit) AI gave me the following bones of contention on this topic: The question of whether or not lawyers are “economic parasites” or “rentiers” is a complex, critical debate. Some … Continue reading
How to re-define superfunds! “Interpretation” leads to “General Provision”.
Excuse me in strolling into an area for defined benefits that I call “pension capitalism”. I am not a financier, I am not an actuary, I am someone who sits at the other end of the process, helping ordinary people … Continue reading
“Taking CDC out of the hands of actuaries and lawyers”
What does “taking CDC out of the hands of actuaries and lawyers” mean? — Mike Harrison (@HigherEdActuary) August 20, 2022 Mike usually picks up on the real point I am trying to make in a blog. A couple of blogs … Continue reading
Posted in pensions
Tagged actuaries, CDC, CDC fund, CDC scheme, investment pathways, lawyers, Savers
2 Comments
2022’s the year for lawyers to stop moaning
I’ve just read Pension Expert’s lengthy article “2022-Lawyers-call-for-regulatory-pension-pause“. Rather than a pause in legislation, I’d like to see a pause in moaning – and a focus on simplifying the pension system by focusing on consolidation I have little sympathy … Continue reading
93% of advisers put two fingers up to TPR’s Fast Track funding proposals
The UK #pensions sector has undertaken a temperature check on major changes to a funding code, governing DB schemes, proposed by the Regulator. The result was a cool response to proposals for a new “twin track” approach to scheme valuations. … Continue reading
Posted in actuaries, pensions
Tagged actuaries, Consultants, lawyers, pension, Society of Pension Professionals, SPP, Turkeys
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A time to be angry
I got angry yesterday… I was on a conference call with a couple of lawyers arguing about the technical difference between a “duty of care” and the need to “act in good faith”. Apparently the semantics let an employer … Continue reading
Posted in pensions
Tagged CWU, Duty of Care, John Ralfe, lawyers, pensions, Pre-pack, Royal Mail, Rutland, The Pensions Regulator
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NEST is not auto-enrolment
I went to a talk yesterday by a former shadow cabinet minister of state for the DWP. It was under Chatham House rules so I can’t tell you which one – it doesn’t matter which one – it matters … Continue reading
Posted in advice gap, auto-enrolment, pensions
Tagged API, auto enrolment, choice, dumbing down, lawyers, litigation, NEST, pensions, Technology, The Pensions Regulator, workplace Pensions
20 Comments
When a youngster in our extended family emigrated he consolidated his DC pensions into just two - easy enough to…