Tag Archives: National Employment Savings Trust
This country needs a proper debate about old age
Do we understand how people want to get paid in retirement? Yesterday I wrote about the American 401K system and the risks taken by people who become too cautious as they become older. The value judgements implicit in the report … Continue reading
Posted in annuity, CDC, Financial Education, pensions
Tagged annuity, Business, de-risking, Employment, Financial services, Government, National Employment Savings Trust, pension, Pension new, pension playpen, Pension Poverty, Pension Protection Fund, pensions, Politics, Retirement, Steve Webb, United States
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Why Steve Webb took a punt on CDC
To answer the question we need to understand the Government’s primary agenda; – to “win votes”. A secondary agenda is to “create a legacy by which it will be judged favourably”. If you are charitable, you might include a third … Continue reading
Government needs to publish its intentions for CDC
The defined ambition agenda is a vague one. Steve Webb talks about wanting to give people more certainty in retirement. He’s talked about DC heavy (to and through investment strategies) and DB lite- exit routes from traditional guaranteed DB structures- … Continue reading
The Queens Speech; the sausage sandwich game – for pensions!
The Pensions Reforms in the Queens Speech had been broadly flagged in the Sunday Telegraph and subsequently. Nonetheless, the inclusion of Defined Ambition Pensions (aka CDC) (aka Target Pensions) is still a major surprise and will further stretch the UK … Continue reading
Ten mistakes CDC cannot repeat.
CDC (Target Pensions Plans) look likely to happen If, as now seems likely, we get the easements in a Pensions Bill to run collective DC schemes then the pressure will turn on those (like me) who have lobbied for change– … Continue reading
Posted in advice gap, auto-enrolment, David Pitt-Watson, dc pensions, pension playpen, pensions
Tagged Actuarial science, corporate governance, corporate risk, dc pensions, Financial services, Government, National Employment Savings Trust, pension, Pension Regulator, pensions, Politics, Steve Webb
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Regulate- don’t procrastinate; says Morten Nilsson- CEO of NOW Pensions
Membership numbers recently published by the big six mastertrusts highlight exactly how important they are in the auto enrolment market. Of the three million people auto enrolled, over two million are in one of the big six mastertrusts. … Continue reading
What we’re learning from the Wealth and Assets Survey
The Office of National Statistics has published wave 3 of their Wealth and Assets Survey You can download it here The report ignores the value of state benefits. Bearing in mind it would currently cost around £180,000 to buy a … Continue reading
Posted in annuity, pension playpen, pensions
Tagged Business, Financial services, Household wealth, ILC, National Employment Savings Trust, ONS, pensions, Wealth
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Advisory mastertrusts? – Nein Danke!
There are now over 70 master trusts in the UK. Everyone agrees that most are and will remain sub-scale. This is a concern to a risk-based Pensions Regulator and to others keen to restore public confidence in pensions. The … Continue reading
A great way to deliver the Guidance Guarantee (for the right employer)
Josh Collins In recent weeks, I’ve been taking the temperature of the pension trustees of large employers and found that enthusiasm for providing guidance to employees at retirement is limited. This is understandable. Do trustees want to become surrogate … Continue reading
Posted in advice gap, Blogging, dc pensions, pensions, Personality, workplace pensions
Tagged annuity, Business, Business and Economy, corporate governance, DWP, GMB, Guidance, Guidance Framework, National Employment Savings Trust, pension, Pension new, pension playpen, Pension Regulator, pensions, Politics, Retirement, unions
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Can accountants ignore workplace pensions?
While all the noise is about the risks of employers not fulfilling their duties to set up and establish the processes to make “auto-enrolment” happen, the point of auto-enrolment, which is of course to deliver decent income for staff in … Continue reading
Posted in advice gap, pensions
Tagged accountancy, Accountancyweb, accountants, Business, DWP, Employment, FCA, Human Resources, National Employment Savings Trust, pensions, Retirement
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