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
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
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 Fundsmith, Investment Association, LGIM, Martin Dietz, Michael Johnson, Terry Smith
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 Asset management, Con Keating, DWP, FCA, fund managers, investment consultants, Michael Johnson
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 auto enrolment, Disruption, DWP, employers, Michael Johnson, pensions, Pensions Guru, steve bee
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 autoenrolment, Lifetime ISA, LISA, Michael Johnson, pensions, silly season, WISA, Workplace ISA
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 Boobs, bosum buddies, DWP, LISA, Michael Johnson, QWPS, Treasury, WISA, Workpace Pension
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
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 auto enrolment, Centre for Policy Studies, change, CPS, LGPS, Michael Johnson, pensions
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 EET, Michael Johnson, NHS, pensions, tax relief, tax-incentivisation, TEE, TEEn
5 Comments