Tag Archives: NEST

AE Pots must follow workers (Hargreaves Lansdown’s right)


I have just read a policy paper in my hand from Hargreaves Lansdown;  “Putting Individuals at the Heart of the Pension System”. After some pretty dire submissions to the Work and Pensions Committee on CDC, I hadn’t thought to agree with … Continue reading

Posted in auto-enrolment, pensions | Tagged , , , , , , , , , , | 2 Comments

NEST needs you!


Interested in influencing how NEST works for members? News reaches me that the NEST Member Panel is recruiting and looking for hard working, conscientious , pension loving folk like us. You can apply for this position online up to and … Continue reading

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

Frank Field helps us spend our pensions


  Here is the main recommendation of Frank Field and  the Workplace Pension Select Committee’sfinal report of its inquiry into Pension freedom and choice published today. We recommend every pension provider offering drawdown is required, by April 2019, to offer a default … Continue reading

Posted in advice gap, auto-enrolment, Big Government, pensions | Tagged , , , , , , | 2 Comments

How to run a pension at 1/30th the cost of the pension charge cap.


  How much does it cost to actively manage Alecta, Sweden’s largest workplace pension provider? The answer, according to Magnus Billing – is 0.024% of the funds assets each year. That’s less than 1/30th of the 0.75% cap imposed by … Continue reading

Posted in advice gap, pensions, Value for Money, workplace pensions | Tagged , , , , , , | 2 Comments

Why are workplace pensions excluded from transfer advice?


NEST gets us thinking Gavin Perera-Betts work for NEST, he’s the chief customer officer – the person charged with helping people get the most out of their savings and he’s the author of NEST’s recent response  to the Government’s Select Committee … Continue reading

Posted in advice gap, BSPS, pensions | Tagged , , , , , , , | 13 Comments

DWP now leads the way on cost disclosure


  What’s this about? In a first-rate document, the DWP have set out radical proposals to allow ordinary people to see and compare the costs  their trustees are paying for the investment of their pension money. These proposals go well beyond … Continue reading

Posted in accountants, advice gap, drawdown, DWP, IGC, pensions | Tagged , , , , , | Leave a comment

Finger in the dyke stuff! DC pricing is just too leaky Jon!


Jonathan Stapleton has written a deliberatively provocative piece in Professional Pensions which will be applauded by the operators of workplace pensions but is going to get short shrift from me.   You can read  Jonathan’s opinions here. The gist of Jonathan’s … Continue reading

Posted in auto-enrolment, dc pensions, de-risking, Debt, NEST, now, pensions | Tagged , , , , , | 2 Comments

Normalising pension saving for everyone


The TUC is publishing this morning important research into inclusion. Since our new pensions minister has included “inclusion” in his title, I hope he is reading it! Six in 10 workers in the UK agriculture and hospitality sectors are not … Continue reading

Posted in auto-enrolment, pensions | Tagged , , , , , , | 5 Comments

Time for the master-trusts to show their investment mettle.


I have a problem with the accountability of master trusts for their investment outcomes. To my knowledge, only NEST (in Mark Fawcett) has an appointed individual responsible for the member’s investment outcomes. Other master trusts may have internal accountabilities, but … Continue reading

Posted in pensions | Tagged , , , , , , , | 4 Comments

Put the customer first – help the pot follow member


I have recently been passed the slides of the PLSA?ABI+++ workshop on creating a common way for pension  pots to follow members. You can find them here. What a mess we are making of something so very simple! Here is … Continue reading

Posted in accountants, actuaries, auto-enrolment, pensions | Tagged , , , , , | 2 Comments