Tag Archives: Pension Freedoms
The FCA report on the use of Pension Freedoms – sad but not shocking.
The data that the FCA supplied last week about the choices people are taking with their retirement savings isn’t surprising – but it’s still shocking! Nearly nine in ten savers accessing their retirement pots under the pension freedoms are using … Continue reading
Posted in pensions
Tagged DWP, FCA, lamborghini, Pension Freedoms, Pension Wise, pensions, Trabant, Treasury
1 Comment
Can the pension insurers win back their customers’ respect?
IGCs are ours to use and not the insurers to castrate. Continue reading
Posted in governance, investment, later life, leadership, Pension Freedoms, pension playpen, pensions
Tagged advosors, Fiduciary, Government, IFAs, IGC, Inurer, pension, Pension Freedoms, Politics, Ros Altmann
4 Comments
“10 years too early, 10 years too late” – CDC stands on on an empty platform
Nearly eight years ago, the Government Actuary ‘s Department produced a paper that effectively killed CDC. It argued that CDC could not be relied upon to deliver benefits with the same certainty as our DB system and that there was no … Continue reading
Posted in advice gap, CDC, Pension Freedoms, pension playpen, pensions
Tagged CDC, DWP, FAMR, Financial literacy, GAD, Pension Freedoms, pensions, Personal emplowement, Politics, Ros Altmann, Steve Webb, Treasury
Leave a comment
Companies count the cost of pension freedoms
Pension freedoms are … creating a human resources burden, the CBI said, as company leaders try to ensure their older staff do not spend their pension pots early and face hanging on to their jobs when they should have retired. “Even … Continue reading
Posted in advice gap, dc pensions, defined ambition, defined aspiration
Tagged CDC, Defined Ambition, flat-rate tax-relief, Pension Freedoms, pensions, Tax, TEE
Leave a comment
If not CDC – what?
CDC – flawed in conception Steve Webb told me that when he spoke with Andrew Young, the former Government Actuary for the DWP, Andrew advised him to “think big”. Steve did and he will be remembered not just for the … Continue reading
It’s the crowd who decides how the club is run.
Crowds run clubs in the long run We have got so used to the concentration of power and money in football and rugby clubs that we can forget that England rugby or Chelsea or Man City are the product of … Continue reading
Posted in pensions
Tagged auto enrolment, CDC, England rugby, football, Mik Ashton, natural course, Newcastle United, Paul Lewis, Pension Freedoms, Pension Wise, pensions
Leave a comment
IFAs take the lead in sorting the transfer blockage.
BIG THINKING Two things I’m really looking forward to in September are threesixty’s two “Big Thinking Days”. One’s in Edinburgh and one’s in London and if you’re going, you;re in for a treat. Threesixty are a pretty pucker outfit (IMO) and … Continue reading
Pot follows member – over a cliff?
There’s a great saying in racing “I’d follow that horse over a cliff”. It’s a morbid comment on most gambler’s instinct to chase losses for sentimental rather than economic reasons. When conviction sets in, then rationality is the loser and … Continue reading
Posted in pensions, Pensions Regulator, Personal Accounts, Popcorn Pensions
Tagged advice, annuity, auto enrolment, Ben Cocks, big-fat-pot, DWP, Employment, insurance companies, insurance company, Pension Freedoms, Pension new, pension playpen, pensions, Politics, Pot, Pot follows member, Retirement, Steve Webb
2 Comments
What the great fall of China does to my pension.
The falls in the world stock markets since April appear huge, our own market has fallen 15% , market in Asia, much more. But the equity market that has fallen the most is China. The great fall of China is … Continue reading
Posted in pensions
Tagged CDC, collectives, DGF, diversify, Drawdown, Freedom, George Osborne, Longevity, Paul Lewis, Pension Freedoms, pensions, Tax, Treasury
Leave a comment