Tag Archives: Persnal Accounts

The man from OECD says “guess”

It’s a sobering time for those involved in pensions policy and for those who are trying to advise companies and people in how to organises their finances to meet their retirement income needs. One thing people don’t want to do is guess. They … Continue reading

Posted in annuity, corporate governance, dc pensions, Liability Driven Investment, NEST, OECD, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , | 8 Comments

The ACA have spoken – the DWP ought to listen

Let’s hope that instead of issuing yet more consultation documents on the policing of the auto enrolment regulations, the Government will , through its key Departments, DWP and the Treasury, start getting us excited about the prospect of this new order. Otherwise this new pension paradigm will degenerate, as its Stakeholder predecessor degenerated, into a fearful, unloved, unadopted and unenforced mess.

Continue reading

Posted in annuity, corporate governance, customer service, dc pensions, de-risking, pensions, Personal Accounts | Tagged , , , , , , , , , , , , , , , , , , , | 15 Comments

Whose NEST is being feathered?

In everyday speak- the early phase NEST default investment approach is patronising nonsense and its only value is to NEST and Government Continue reading

Posted in NEST | Tagged , , , , , , , , , , , , , , , | 2 Comments

The State can take longevity risk.

There is no evidence that the private sector has found the secret to insuring the cost of people living longer. It has merely found ways of insuring itself against the risks of ruin.
Continue reading

Posted in ezra pound, NEST, poetry, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , | 13 Comments

A massive failure of nerve – the sad state of our DC pensions

Last year 460,000 people bought annuities from their DC pensions, Two thirds of these people did not bother to get the best rate for their accumulated funds and as a result suffered on average a 10% lower pension than those who did. Continue reading

Posted in corporate governance, dc pensions, de-risking, EU Solvency II, Fiduciary Management, Liability Driven Investment, NEST, pensions, Personal Accounts, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | 10 Comments

I’d trust a “contract” but not a “Fiduciary”

The terminology we use “fiduciary, instituional, custody” is not a language that prevails among lay trustees- it is the language of the legal and financial communities. “Fiduciary” in particular is a bad word, as an adjective it denotes “trust and confidence” but intimidates and alienates everyday people- too many vowells, too many syllables and not enough Anglo Saxon gutterality! It says “difficult, opaque and self-absorbed”.
Continue reading

Posted in dc pensions, de-risking, Liability Driven Investment, Personal Accounts, redington, Retirement, social media | Tagged , , , , , , , , , , | 4 Comments