Tag Archives: pension

FCA- Outcomes for DC savers will improve when we resume sharing risk!


The FCA has asked for response to it’s Retirement Outcome review, NEST have shared their response with the FT which reports  NEST saying that, without “the right support structures in place”, it was “extremely concerned” its 5m members may run out … Continue reading

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Time for bosses to get value from Workie!


There is plenty of crowing in policy circles about the success of auto-enrolment. The headlines are certainly good with nearly 9m new savers and over 1m new employers due to have staged by October. The public has taken to Workie … Continue reading

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Why some transfer values may be just TOO HIGH!


Earlier this year I wrote a blog “why some transfers are ridiculously high” which set out to explain how DB transfer values are calculated and why they are at present at historical highs. My friend and colleague Alan Smith presented the … Continue reading

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Time for the master-trusts to show their investment mettle.


I have a problem with the accountability of master trusts for their investment outcomes. To my knowledge, only NEST (in Mark Fawcett) has an appointed individual responsible for the member’s investment outcomes. Other master trusts may have internal accountabilities, but … Continue reading

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“Pension contributions triple in April!” – is that what you’ll tell your staff?


A lot of small employers we talk to are keen to work out “what happens next” with auto-enrolment. Understandably they want to model the cash-flow implications for their businesses and evolve a communication program as part of the reward strategy … Continue reading

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“Going halves on DB” – the argument for (and against) partial transfers.


(Rival) consultancy LCP and insurer Royal London have joined up to produce a paper calling for it to be mandatory for trustees to provide members with the option to take part of their DB pension as pension and part as … Continue reading

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Which finds only 23% of us trust our pension


A Which survey has found that less than a quarter of consumers — 23 per cent — said they trusted long-term financial products, such as pensions. Speaking to Jo Cumbo of the FT, Gareth Shaw – Head of Which? Money … Continue reading

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“What’s the purpose of a pension scheme?” – Con Keating


  Con Keating argues in this piece that pension schemes aspire to “self-sufficiency”, giving them the status of  insurance companies. His thinking centres on what claims we have on schemes if the covenant to fund these schemes is lost. His conclusions … Continue reading

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Reaching the places advice cannot reach


  Only a handful of pension providers have adapted their systems to allow people to use the Pension Advice Allowance. The pension advice allowance, introduced in April, allows pension savers to take £500 tax-free from their retirement funds to help … Continue reading

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Planning for a noble and quick death?


  The FT has been doing some research about what motivates people to swap a pension for drawdown. The sample may not have been big but they’re drawing a strange conclusion. The superiority of the death benefits within drawdown are … Continue reading

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