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Tag Archives: Pension Protection Fund
Can we have a word Mr Webb?
You mentioned that there should be a default position (on mallowstreet). I have argued that there is a default decumulation position, it is a level single life annuity provided by the insurer that managed your pension accumulation. This is a “pot-luck” position and many are buying appalling annuities as a result. This is at the root of what we, Robin Ellison, Con Keating, Alan Higham , the AMNT and Kevin Wesbroom, (to name but a handful of those calling for change), are trying to address. Continue reading
Posted in annuity, auto-enrolment, corporate governance, customer service, dc pensions, de-risking, Fiduciary Management, Liberal Democrats, NEST, Nick Clegg, pension playpen, pensions, Personal Accounts, Retirement
Tagged Civil service, Con Keating, Derek, Dutch, Dutch people, Government, Life annuity, pension, Pension Protection Fund, Steve Webb
14 Comments
What’s in store for UK pensions in 2012?
Artificially depressed interest rates drive up DB deficits and depress annuities but the pressure on life companies and pension schemes to adopt Solvency II recedes as the UK distances itself from Brussels. The price of the settlement on public sector pensions is … Continue reading
Wrong is right…. Guest Blog by Steve Delo
The financial crisis has changed the financial landscape and had a dramatic impact on all investment decision making. Slap bang in the firing line are company pension schemes. And if you’re a trustee of such a scheme, you have onerous responsibilities, … Continue reading
Pension Play Pen lunch rescues Generation Y from retirement hell
DISCLAIMER; this account is in no way a fair representation of either the event or the views of any of the participants . It is produced to provoke thought and pleasure – blue sky on a grey day. In a shock … Continue reading
Perverse incentives; Sexycash or prudent pension?
The problem we all face when we are asked to choose between cash or pension is very complicated. It is possible to put a cash price on a pound’s worth of pension but that’s just the beginning of the story. … Continue reading
Posted in annuity, corporate governance, customer service, dc pensions, de-risking, mallowstreet, NEST, pension playpen, pensions, Retail Distribution Review, Retirement, social media
Tagged Alan, Employment, Financial adviser, National Employment Savings Trust, pension, Pension Protection Fund, Retirement, Steve Webb, trustee
13 Comments
Le Pension Crisis est Arrivé
Image via Wikipedia PWC report today that the value of DC pension pots has fallen by 30% in the last three years. This Telegraph article gives the grim details. This is not a paper loss which can be reversed if markets recover, … Continue reading
Posted in annuity, corporate governance, customer service, dc pensions, de-risking, Fiduciary Management, NEST, OECD, pension playpen, Retirement
Tagged annuity, Bank of England, Channel 4, corporate governance, corporate risk, customer service, Cyberbury, dc pensions, de-risking, England, Fiduciary Management, Financial Assistance Scheme, John Hutton, moneysavingexpert, NEST, OECD, pension, pension playpen, Pension Pound, Pension Poverty, Pension Protection Fund, Pensions, Public Sector Pensions, PWC, Quantitative easing, Retirement, RSA, Steve Webb
7 Comments
PPF II -opening the door for a better DC
We are where we are – the social contract has been decided… not compulsion but impulsion; impulsion into a DC pensions model that relies on the markets to deliver a second tier of pensions. Our retirements will be funded from employer and employee contributions over a … Continue reading
Posted in annuity, corporate governance, Liability Driven Investment, NEST, OECD, pension playpen, twitter
Tagged annuity, Anti-submarine warfare, Business, corporate governance, corporate risk, Financial services, Insurance, Interest rate, Japan, Liability Driven Investment, Life annuity, Market failure, National Employment Savings Trust, NEST, OECD, pension, Pension new, pension playpen, Pension Pound, Pension Poverty, Pension Protection Fund, Pension Regulator, Public Sector Pensions, Robin Ellison, Steve Webb, twitter
6 Comments
The right to screw up your pension
There’s a place in Iceland where the American and European tectonic plates grind together like two sets of molars. At Thingvellir you can smell the sulphur emitting from the fissures where the plates grind and you can peer into the unfathomable … Continue reading
BREAKING NEWS: Pension Play Pen launches DB scheme for members
All Playpen members will be appointed MNT’s and the trustee board
will meet monthly at the Counting House.
The DB Phoenix
Things are pretty grim in DB land just now. The 3% hike in personal contributions to public sector pensions is likely to accelerate the trend for individuals to opt-out of DB leaving these schemes derelict. The anticipated abolition of contracting out from … Continue reading
Posted in corporate governance, pensions
Tagged Ammunition, corporate governance, corporate risk, Employment, ezra pound, Financial services, National Employment Savings Trust, pension, Pension new, Pension Pound, Pension Poverty, Pension Protection Fund, pensions, Pensions, Phoenix, Phoenix Arizona, public sector
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