Tag Archives: Personal Accounts

Pension choices for smaller companies


Smaller companies– those with less than 50 employees are the beating heart of Britain’s economy. It is from among their number that the next Virgin or Tesco will come and though many of them will be toast in ten years … Continue reading

Posted in annuity, corporate governance, customer service, dc pensions, de-risking, pension playpen, pensions, Personal Accounts, Retail Distribution Review, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | 4 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.

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

Accounts and accountability-who pays for NESTCorp?


I am a lover of NEST– of collective DC – of private and public partnerships that bring better funded pensions to people for whom the current system cannot reach. I have made my own private submission to the Work and … Continue reading

Posted in NEST, pensions, Personal Accounts, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , | 11 Comments

“Buying a Retirement Income” from an RIP


I’m sure the panelled annuitants or Retirement Income Providers (hereafter known as RIPs) are feeling pretty comfortable about life this morning.

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Posted in annuity, NEST, pension playpen, pensions, Personal Accounts, Retirement | Tagged , , , , , , , , , , , , , , , , , , , | 14 Comments

Tell them the truth (a ridiculous notion)


However, it would lead to the kind of engagement between staff and retirement that is needed if we are to move forward from the current deadlock of distrust.

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Posted in EU Solvency II, NEST, pension playpen, Personal Accounts, Retirement | Tagged , , , , , , , , , , , , , , , , | 7 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

What’s my “NEST” egg going to be worth?


While we continue to debate what a national savings scheme should be called, pensioners continue to shiver and the nation is no closer to a pensions solution for lower earners than when stakeholder pensions were first mooted 14 years ago. Continue reading

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“I have looked over the cliff and I have seen DC”


It may have taken ten years but the precipitous drop to DC is now no joke. 2010 is likely to be a tipping point for many workplace pension schemes. Here are my personal predictions for the year ahead. Continue reading

Posted in dc pensions, pensions, Personal Accounts | Tagged , , , , , , , , , , | 1 Comment

I like annuities but I’m worried..


Imagine it- the prospect of a 15-20% pay cut for the rest of my life and all because the Government changed the rules. Continue reading

Posted in annuity, dc pensions, de-risking, EU Solvency II, pensions, Personal Accounts, Retirement, Treasury | Tagged , , , , , , , , , , , , , , , , , , , , , , | 2 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”.
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Posted in dc pensions, de-risking, Liability Driven Investment, Personal Accounts, redington, Retirement, social media | Tagged , , , , , , , , , , | 4 Comments