Tag Archives: Open Market Option
DWP – Do some Work for your Pensions.
Higham said it was a ‘disgrace’ and asked the DWP for an explanation but said he had not received a satisfactory answer. Continue reading
Posted in annuity, Church of England, dc pensions, de-risking, Facebook, Martin Lewis, pension playpen, pensions, Retirement
Tagged Alan Higham, DWP, Financial adviser, Financial Services Authority, gordon brown, Greeks, National Employment Savings Trust, Open Market Option, pension, Ros Altmann
4 Comments
Will the Big Society sort pensions?
When people get to their sixties, they are faced with some big choices. There are life-style choices as they face up to their bodies not being able to do what they once did and their brains not being quite as quick as they … Continue reading
Mrs Higham’s letter
There are three things troubling me this morning – four if you include the outcome of Wales v France in the Rugby World Cup. For the purposes of the next 1,000 words I’ll concentrate on them in reverse order of … Continue reading
Posted in annuity, dc pensions, de-risking, pensions, Retirement
Tagged Finance Act, France, Higham, Nortel, Open Market Option, pension, Pension Regulator, Wales
6 Comments
Yes – things are this bad in DC land!
We all know that equity markets have sent the value of our pension savings into free fall and some people understand that low prospective interest rates mean the amount of pension you can buy from your savings has fallen lower. But did … Continue reading
Posted in annuity, dc pensions, de-risking, pension playpen, pensions, Retirement
Tagged annuity, dc pensions, de-risking, Economics, Financial services, Forbes, Free fall, Insurance, Life annuity, National Employment Savings Trust, Open Market Option, pension, pension playpen, pensions, Politics, Reasonable person, Retirement, Saving, Society, Stock market
12 Comments
When “two sevens clash”
When I was a kid growing up in a very white part of Britain, I was fascinated by a guy called Joseph Hill who was predicting a calamity on the 7th July 1977 which pretty well brought to Jamaica to a … Continue reading
Culling seals
I have a new phrase in my vocabulary which relates to the activities of financial institutions that take advantage of the inertia of customers. I cannot tell you about the context in which I learned about this phrase as I am … Continue reading
Posted in customer service, dc pensions, de-risking, pension playpen
Tagged Chatham House, Chatham House Rule, corporate risk, Culling, customer service, dc pensions, de-risking, Financial services, Insurance, Open Market Option, pension, Pension new, pension playpen, Pension Poverty, Pensions, Politics, Seal hunting
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“Buying a Retirement Income” from an RIP
I’m sure the panelled annuitants or Retirement Income Providers (hereafter known as RIPs) are feeling pretty comfortable about life this morning.
Posted in annuity, NEST, pension playpen, pensions, Personal Accounts, Retirement
Tagged annuity, Aviva, Business, Insurance, Life annuity, National Employment Savings Trust, NEST, Open Market Option, pension, Pension new, pension playpen, Pension Pound, pensions, Pensions, Personal Accounts, Public Sector Pensions, Retirement, Scheme, Tom McPhail, Zurich
14 Comments
A definitive solution to the annuity crisis.
It is time that we started using our existing infrastructure, the PPF, the DWP pension payment system and the ultimate covenant of the UK tax-payer to sort out this mess.
Posted in annuity, pensions
Tagged annuity, Consumer price index, European Union, Financial Assistance Scheme, Insurance, Life annuity, National Employment Savings Trust, Open Market Option, pension, Pension new, Pension Pound, Pension Protection Fund, pensions, Pensions, Retirement, Solvency II
10 Comments
The Grand old Duke at NEST- he had 5 million men
NEST has spent a good deal of time telling us how it will get its 5 million plus members up the retirement hill but very little on how it will get them down again.
Posted in NEST, pensions
Tagged annuities, Business, Insurance, Life annuity, National Employment Savings Trust, NEST, Open Market Option, pension, Pension new, Pensions, pensions, Retirement
1 Comment
NEST- the irrefutable case for “Scheme Pensions”.
That we have spent no time discussing the deaccumulation of NEST funds is a scandal. It is time for this subject to be put on the public agenda – if it is not, then NEST should be branded a half-baked project.
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