In the states, certain retirement savings programs have unique "catch-up" provisions - where those whose income varies from year to…
NEST’s Guided Retirement Fund in the UK gets part of the way there by separating money according to its intended…
"As usual with The Times, this is a briefing about England & Wales only." I'm so old that I can…
"... Setting a glide path in retirement is ‘completely useless’ and equities investments should be held in a portfolio for…
Tag Archives: NOW
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
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
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
Posted in actuaries, pensions
Tagged Aviva, Grant Thornton, L&G, NEST, NOW, pensions, People's Pension, Sandy Trust
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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
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 David Farrar, David Gauke, DWP, NEST, NOW, pensions
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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
Posted in auto-enrolment, pensions
Tagged AE, auto enrolment, Auto-enrolment review, HMRC, NOW, Pension Policy, pensions
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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
Posted in pensions
Tagged CIO, Investment, master trust, mettle, NEST, NOW, pension, People's Pension
4 Comments
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
Posted in pensions
Tagged Grenfell, NEST, net-pay, NOW, occupational pensions, Peoples, relief at source, Tax
5 Comments
The Pension Regulator should not market workplace pensions.
In his statement to announce his scheme’s withdrawal from tPR’s list of workplace pension providers Morton Nilsson claims NOW: Pensions has always been a huge supporter of the master trust assurance framework and was one of the first providers … Continue reading
Posted in advice gap, pensions
Tagged MAF, master trust assurance framework, NOW, NOW Pensions, pensions, TPR, workplace Pensions
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The past, present and future of Pensions #autoenrolment
On Wednesday , at 5pm , I’ll be explaining these slides at Accountex 2017 – a talk generously sponsored by the Chartered Institute of Payroll Professionals. It’s going to be a fun, provocative and I hope instructive talk and I’m … Continue reading
Posted in auto-enrolment, pensions
Tagged Accountex, Accountex17, auto enrolment, CIPP, Insurers, NEST, NOW, pension playpen, pensions, People's Pension, Sage, The Pensions Regulator
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You usually need 35 qualifying years of National Insurance contributions to get the full State Pension in the UK. If…