Tag Archives: NOW

Pot consolidation doesn’t need alchemy – it needs common purpose and leadership

  The case for Government intervention on “small pots” is made very well by Dirk Paterson It is indeed time for Government intervention, but the choices are many and each has its issues. The danger of relying on Government intervention … Continue reading

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A good day for master trusts

The FT run a scoop this morning, predicting that today the Pensions Regulator will withdraw its proposals to require small DC plans to be run by “professional trustees” and urging  that most of the 8000 single occupational trust based DC … Continue reading

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Are DC trustees worth the money?

  It seems churlish to take up your Monday morning with matters of pensions governance, what with the cheers at Lords, Silverstone and Wimbledon sill ringing round the country but I will! My blog yesterday set out the case for … Continue reading

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Now and then.

It all started so well – and ended so sadly. Yesterday NOW’s owner, the Government backed Danish Pension Fund announced it was selling it’s UK master trust to Cardano, the Dutch Fiduciary Manager. NOW were the first organisation to seriously … Continue reading

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How green is my workplace pension?

I hadn’t thought of Grant Thornton as thought leaders in pensions. On Friday I met with an old friend – Sandy Trust to talk about value for money. Well that’s what I thought we’d talk about- but Sandy –  canny … Continue reading

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Was that “do-nothing” budget good or bad for pensions?

We are naturally conservative, resisting change while demanding improvements. We cannot have it both ways! Maintaining the status quo – as yesterday’s budget did, will please those who hate tinkering but displease those who see the current system as broken. … Continue reading

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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

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Good from NOW – poor from HMRC

  That we should still be talking about the “net-pay anomaly” shows how little the debate has move on in a year. For most people losing out on their promised incentives for saving into a workplace pension , “anomaly” is … Continue reading

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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

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We cannot treat low-earners as second class retirees.

I am returning again to the complicated tax situation that people earning under the nil-rate income threshold find themselves in when saving into pensions. I’m doing so for three reasons From a societal point of view , it is wrong … Continue reading

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