Tag Archives: Phoenix
The dark side of auto-enrolment for small businesses
You may find this distasteful. But I know that it’s how many small business owners feel about having to deal with workplace pension providers. AE for them is a tax and AE providers an extension of HMRC’s assault on them … Continue reading
Insurers competing for pensions using leverage to boost annuities? Surely not.
The bulk purchase annuity market comes under the scrutiny of the FT this morning. They are reporting what we have heard rumoured but have had no solid evidence of. The insurers say this has nothing to do with the leveraged … Continue reading
Posted in advice gap, pension genome
Tagged Annuties, Insurance, L&G, LDI, leverage, Liability Driven Investment, Pensions, Phoenix, PIC
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Phoenix Chair calls for a funded state pension by 2075
Nick Lyons, the former Lord Mayor of London and current Chair of Phoenix delivered a keynote to the Equity Release Summit yesterday in which he called for Labour to target its proposed National Wealth Fund at delivering a funded state … Continue reading
The solipsism of the savings lobby.
The word “saving” implies “deferred gratification”. For most people , pension saving starts with work and the payment of national insurance. My national insurance record started when I was 16 and continues to today. By the time I reach state … Continue reading
Phoenix Life’s exemplary IGC report.
Phoenix is no longer just an insurer of flaked out life insurance companies. It is a powerful financial service brand that includes Standard Life among the companies within its group. It spends money on good governance and I’m pleased to … Continue reading
ReAssure’s IGC toughs it out – but the cracks are plain to see.
The Reassure IGC report for 2022 tells a different story from the headline. Not only did Reassure provide value for money in 2022 but it provided it in 2021 as well. Digging down into the complaints about ReAssure’s “appalling service”, … Continue reading
Is the disruption over? Can the annuity be challenged? We think so!
The great CDC Debate with Arun, Henry , Simon and Stefan https://t.co/XjmC8sv5Qb via @YouTube — Henry Tapper (@henryhtapper) September 4, 2023 Anyone looking for a unilaterally agreed solution to the problems we are having turning pots to pensions, shouldn’t spend … Continue reading
Posted in pensions
Tagged Arun Muralidhar, CDC, Claire Altman, Pensions, Phoenix, SeLFIES, Simon Eagle, Standard Life, Stefan Lundbergh
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Who really wins from DB’s “risk transfer” to insurers?
In a long and well -informed “big read”, the FT has published its thoughts on the structural shift in DB pension provision known as bulk buy-out. The article begins with the memories of 71 year old John Shaw and the … Continue reading
Posted in pensions
Tagged Aviva, buy-out, Canada Life, Insurers, Just, L&G, Phoenix, PIC, Rothesay Life, Scottish Widows
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Phoenix IGC – making sense of legacy pensions.
Phoenix has published its 2022 IGC statement for the period up to 31st December 2021, along with reports for Standard Life and ReAssure , it is one of three statements from the Chair of all three – David Hare. As … Continue reading
The “personalised nudge” – down the slippery slope or a shove towards better pensions?
This week we are hearing a lot about what providers think they should be able to do with their customers to help those customers take better decisions. A pension provider’s view of what’s good for a customer may be skewed … Continue reading