Tag Archives: PIC

So much for “gold-standard” pension buy-outs

Posted on December 15, 2023 by henry tapper

The 300,000 Pensioners getting paid each month by Pension Insurance Corporation, may not be best pleased to read in their FT (or on this blog) that their paymasters in 2024 are likely to be “Barbarians at the Gate”. Apollo, Carlyle … Continue reading →

Posted in pensions | Tagged , , | 5 Comments

PPI concludes no-one is doing DC pensions properly (yet)

Posted on November 3, 2023 by henry tapper

It’s been a week when everyone from PIC to PPI and stations between has been asking why we’re not making more progress turning our saved wealth to pensions. I modified my view of PIC’s staff that they hated their workplace … Continue reading →

Posted in pensions | Tagged , , , , | 1 Comment

PIC discover their staff don’t like their workplace pensions

Posted on November 1, 2023 by henry tapper

I’ve been waiting for this. A report from an insurer that talks to my and my staff’s actual experience of saving into a workplace pension Here is a medium sized employer with a highly financially literate workforce engaging with the … Continue reading →

Posted in pensions | Tagged , , , | 2 Comments

Can we really call a pot a pension? PIC calls the emperor’s new clothes

Posted on October 31, 2023 by henry tapper

Yesterday, Pension Insurance Corporation called for DC pots to be redesignated as savings not pensions PIC: “Finding a new way to talk about defined contribution pensions, with employers taking a lead in financial education, would allow Britain to have a … Continue reading →

Posted in pensions | Tagged , | 3 Comments

Who really wins from DB’s “risk transfer” to insurers?

Posted on July 10, 2023 by henry tapper

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 , , , , , , , , , | 1 Comment

Disruptive Capital – disrupted pensions – Antony Barker – this morning – Pension PlayPen

Posted on August 22, 2022 by henry tapper

Antony Barker has done more than most to shake up the complacencies of the pension industry. Tomorrow he will be taking questions and giving us his unique views on how pensions are travelling back to the future. Actuary, Father to … Continue reading →

Posted in pensions | Tagged , , , , | Leave a comment

We need to know what goes on behind closed doors.

Posted on February 13, 2022 by henry tapper

  “The life chances and financial security of millions of people across the country depend on the timely and successful reform of this key piece of financial services regulation,” -Tracy Blackwell- Pension Insurance Corporation. Tracy Blackwell is right. Any reform … Continue reading →

Posted in pensions | Tagged , , , , | Leave a comment

Small is beautiful – give pensioners a say!

Posted on December 13, 2021 by henry tapper

In this blog I ask whether big pension funds can act small and connect with their pensioners in a meaningful way. I conclude that it will be easier for the consolidators to do this, than the small pension fund. Zpen … Continue reading →

Posted in pensions | Tagged , , , | Leave a comment

The purpose of pensions- served by Transparency.

Posted on May 18, 2017 by henry tapper

Yesterday’s Transparency Symposium, organised by Family Agethangelou , delivered a series of insights on the Purpose of Pensions. The DWP were in attendance, I guess the political message was simple, we want pensions to meet people’s expectations of later life. … Continue reading →

Posted in pensions | Tagged , , , , , , , , | Leave a comment

Pensions Resurgent! The merit of the CWU’s proposals to the Royal Mail

Posted on March 16, 2017 by henry tapper

For the third day I am returning to the CWU’s proposals to the Royal Mail which I now consider the most important break through in pension scheme design we have seen in Britain this century. I base this on three … Continue reading →

Posted in actuaries, advice gap, David Pitt-Watson, dc pensions, defined ambition, defined aspiration, pensions | Tagged , , , , , , , , , , , | Leave a comment