Scheme actuaries use a nominal gilt yield curve, which they assert directly matches the currency and inflation exposure of those…
"prefers to compare the returns with a liability proxy (a mixture of gilt maturities)" Are those Index-Linked gilts, given that…
I agree the major problem with DC is that it has been designed as a savings plan not to provide…
Oh, and I think this confusion leading to DB being viewed as a pot by members is an unintended consequence…
Tag Archives: Paul Lewis
“People taking their own decisions”?! How the Lewis’ gang up on IFAs.
I don’t know if there’s something in a name, but if I was an IFA, I’d be butting my head against anything called “Lewis” this morning. There’s Martin Lewis, talking to us on the TV of taking control of our … Continue reading
Posted in pensions
Tagged IFA, Lewis, Martin Lewis, Paul Lewis, pensions, RDR, Sue Lewis
17 Comments
Can the Government nudge us to be proud to rent? #housingwhitepaper
Within an hour of the document’s publication, Paul Lewis had delivered his verdict and people were keen to endorse it. I was not one of them. The UK housing market is too big a ship to be turned round by … Continue reading
Posted in pensions
Tagged Brexit, build to rent, Buy to own, Buy to rent, Buy-to-let, Government, house price, Housing White Paper, Paul Lewis, pride, rent
1 Comment
Respect for the self-employed
It’s a truth as old as the hills that there are two types of self-employed. Those who choose to be and those who have no choice. Most people who read this blog have more experience with the “professional” classes who … Continue reading
Posted in pensions
Tagged DWP, Economy, Government, HMRC, Matthew Taylor, National Insurance, Paul Lewis, pensions, RTI, UK
2 Comments
Pension fury from Paul Lewis
It’s worth subscribing to Paul Lewis’ weekly Moneybox blog, delivered to your inbox on a Friday afternoon. This week’s mail addresses a central unfairness; those laying down the law on pensions are sorted , those they tell to “engage” – face “glacial” innovation from … Continue reading
Posted in pensions
Tagged Andy Haldane, Aviva, BOE, Business, Glacial, high charges, Paul Lewis, Pension Awareness Week, Pension Dashboard, Pension Geeks, pensions, progress, Providers, Retirement
4 Comments
The true cost of investing
Paul Lewis has had a summer holiday sitting in his tent reading spreadsheets. I spent the past 24 hours listening to people within the investment industry, either boasting that they were enabling as much as 3% pa of a client’s … Continue reading
We don’t need financial chauffeurs- we need driverless pensions.
Paul Lewis helps you find a good financial adviser In his article “Find a good financial advisor”, Paul Lewis argues that most people do not need a financial advisor at all, and for those who insist on one, there are … Continue reading
Posted in pensions
Tagged CDC, Drawdown, driverless, driverless cars, Paul Lewis, pensions
2 Comments
Very “interest”-ing
For millions of savers, the most important piece of financial news over the past few weeks has not been about the impact of bond yields on pension liabilities or their mortgage interest payments or the state of the stock market. … Continue reading
Posted in pensions
Tagged 123, BHS, Business, Cash, CDC, Con Keating, equities, John Ralfe, Kevin Wesbroom, Martin Lewis, Paul Lewis, pension playpen, pensions, Phillip Green, real assets, Retirement, Santander
3 Comments
“Retirees don’t know what to do” – NO SHIT SHERLOCK!
The BBC report… A minority of those aged 55 and over are withdrawing too much from their pension pots, the industry has warned. However, after the first full year since pension freedoms began, the Association of British Insurers (ABI) said … Continue reading
Posted in pensions
Tagged annuity, drawdwon, no shit sherlock, Paul Lewis, pension, pensions, Retirement
7 Comments
Cash beats shares for capital gains (but not for pensions).
Paul Lewis has produced a brilliant study that shows how the outcomes of investing a capital sum in cash would have been better than investing in shares over the past 21 years. Paul is right, the numbers do not lie and … Continue reading
Posted in pensions
Tagged Bonds, capital, Cash, Derek Benstead, equities, Investment, ISAs, Paul Lewis, pension, pensions, shares
2 Comments
Secondary annuities- more questions than answers
I’ve been asked for my views on secondary annuities. I asked myself would I trade my annuity. Of course, I wouldn’t, I wouldn’t buy one. I wouldn’t sell my state pension, I wouldn’t sell my rights to my defined … Continue reading
Posted in annuity, dc pensions, de-risking, pensions
Tagged annuity, Buing, Business, Cash, Financial services, Paul Lewis, pension, pensions, Retirement, secondary annuity, selling
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Thanks for your reply. I hope it does successfully "embed both the real rate and expected inflation in one number".…