Tag Archives: Pension Freedoms

IFAs and the defined benefit promise


  This article explores the relationship between IFAs and defined” benefit schemes, one that has historically been uneasy. It argues that the polarisation of opinion between IFAs who see pensions as “pots” of wealth, and those who regard them as a … Continue reading

Posted in advice gap, pensions | Tagged , , , | 6 Comments

Let’s stop pretending guidance is enough.


News that the Government has thrown out proposals for compulsory guidance to protect us from ourselves comes as no surprise to me , though it has clearly angered Ros Altmann. Writing on her blog, the former Pensions Minister writes of  the … Continue reading

Posted in advice gap, pensions | Tagged , , , , , , , | 7 Comments

The impact of low pension savings on retirement incomes – Gareth Morgan


Income certainty and low pension savings There is concern, increasingly voiced, by some well-informed commentators, about some of the consequences of the pension freedoms. The complexity of choices, the lack of knowledge of most pension savers and the actions of … Continue reading

Posted in actuaries, advice gap, pensions | Tagged , , , | 1 Comment

Frank Field letter to the FT on pension freedoms


Folly of granting total pension freedom is now becoming all too clear This is Frank Field’s letter to the FT , published October 28th. In the context of the Work and Pension Select Committee’s  current examination of pension freedoms, it needs … Continue reading

Posted in pensions | Tagged , , , , , | 8 Comments

A Pension Food Bank for the DC saver


Ok – so it’s not a big news week for pensions , but well done Jack Gilbert of Citywire’s New Model Adviser for getting a meet with Frank Field, and well reported on what I can only call a “welcome … Continue reading

Posted in accountants, actuaries, Pension Freedoms, pension playpen, pensions | Tagged , , , | 1 Comment

Cridland and the price of state dependency


  John Cridland’s consultation report into the state pension age, commissioned by Ros Altmann and delivered today, does not say quite what the modernisers wanted it to. Accelerated pension ages and the scrapping of the triple lock deliver a double … Continue reading

Posted in actuaries, advice gap, pensions | Tagged , , , , , , , | 3 Comments

Why we are all regulators


A regulator is generally a device that maintains a designated characteristic in a system. In a financial sense, it ensures that the rules that govern our dealings are understood, maintained and enforced. We have regulation because we value a system … Continue reading

Posted in advice gap, Blogging, pensions | Tagged , , , , , | Leave a comment

Are defaults enough? Or do we need compulsion?


  Well I’m back from 10 days in India where I saw the very rich and the very poor but not much in the middle. I saw some very fine architecture which showed me what can be done when people … Continue reading

Posted in pensions | Tagged , , , , , , | 2 Comments

Is there any “challenge” to this Pension Dashboard?


I was invited yesterday to the Treasury’s “Challenge Panel” , held to discuss the proposals for the pensions dashboard, a prototype of which will emerge next month. Actually, I wasn’t invited – I went in someone else’s place. I went … Continue reading

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

Long term sustainability of DB schemes (First Actuarial bulletin)


First Actuarial publish bulletins helping staff, clients and the wider markets to understand what’s going on. This is the 31st October bulletin. If you’d like to subscribe to this bulletin we will put you on our mailing list – please … Continue reading

Posted in actuaries, pensions | Tagged , , , , , , | Leave a comment