Tag Archives: Michael Johnson

Auto-protection from an autodidact (the joy of Johnson).


One of the joys of Michael Johnson’s 40 or so papers on pensions is that you never know what to expect next. Johnson deliberately sets himself apart from the industry to rail at it. He is at his best when … Continue reading

Posted in pensions | Tagged , , , | 3 Comments

Poking sticks at LGPS in a “shouty” report – Johnson just isn’t helping.


In 2013 Michael Johnson of The Centre for Policy Studies  published a paper “the local Government Pension Scheme; opportunity knocks” http://tinyurl.com/jru498m. Today he publishes the sequel, “the LGPS- the lost decade”. http://tinyurl.com/jtz2jwx In the intervening period, Johnson has seen none … Continue reading

Posted in pensions | Tagged , , | 1 Comment

Ignore “bad “; let’s big-up good asset management!


The asset management industry will get nowhere trying to defend bad practices. It should be celebrating its success stories. We have good active managers in this country and we have good passive managers, protecting bad practice among bad asset managers … Continue reading

Posted in consultant, corporate governance, customer service, pensions | Tagged , , , , , | 3 Comments

Why we can’t dissolve fund management like monasteries


  If you had to pay for advice – would you pay for judgement or luck? Con Keating makes an important point in response to my blog, in denial and in disgust it is required by statute to retain an … Continue reading

Posted in actuaries, pensions | Tagged , , , , , , | 15 Comments

It’s a lot harder than that – Mr Bee!


Pensions are hard – you cannot disrupt them into being easy I’ve been accused of not taking pensions seriously, Hugh Pym, then the BBC’s chief economics correspondent, smiled indulgently and reminded me that the BBC couldn’t mention an organisation called Pension PlayPen … Continue reading

Posted in pensions | Tagged , , , , , , , | 1 Comment

(Workplace) Isa ain’t gonna wash for a week!


  A radical idea Michael Johnson has published his proposal for a workplace ISA, Michael has explained this to me before and has explained his proposals publicly to the DWP Select Committee. The proposal is not just to include an ISA … Continue reading

Posted in Australia, auto-enrolment, DWP, Payroll, pensions | Tagged , , , , , , , | 3 Comments

Lisa and Wisa – bosum buddies or a pair of boobs?


Reactions  to Michael Johnson’s performance in front of the Work and Pensions Select Committee polarise between the enthusiastic (Michael Johnson) and the derisory (the pension establishment). In between are those on the Select Committee such as Richard Graham MP who … Continue reading

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

A soft centered budget – (not as sweet as it sounded).


Sterling’s a great indicator of how experts really see a budget and yesterday Sterling fell against a basket of major currencies. We may have liked our sugar tax and our Lifetime ISA but the pound fell against the dollar and … Continue reading

Posted in pensions | Tagged , , , , , , , , , | 1 Comment

Paying for other people’s pensions


I’ve said it before on this blog, but I’ll say it again. The amount of Council Tax many people pay to fund other people’s pensions exceeds their own contributions into pensions, even when they’ve been auto-enrolled into “workie”.   “You … Continue reading

Posted in de-risking, Financial Education, governance, infrastucture, investment, leadership, pensions | Tagged , , , , , , | 3 Comments

TEE(n) – Why would Osborne do anything else?


  I was re-reading Steve Webb’s article in the Daily Telegraph where he outlines why he thinks Pensions ISAs would be a disaster. The more I read it, the less I get it. Let’s go back to basics. It is … Continue reading

Posted in Pension Freedoms, pension playpen, pensions, Politics, Public sector pensions | Tagged , , , , , , , | 5 Comments