Tag Archives: PIC
So much for “gold-standard” pension buy-outs
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
PPI concludes no-one is doing DC pensions properly (yet)
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
PIC discover their staff don’t like their workplace pensions
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
Can we really call a pot a pension? PIC calls the emperor’s new clothes
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
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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We need to know what goes on behind closed doors.
“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
Small is beautiful – give pensioners a say!
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
The purpose of pensions- served by Transparency.
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 Andy Agethangelou, assets, City, liabilities, pensions, Pensions Insurance Corporation, PIC, transparency TranparencyTF, Vanguards
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Pensions Resurgent! The merit of the CWU’s proposals to the Royal Mail
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 CDC, CWU, David Pitt-Watson, Defined benefi, Eddy Truell, equities, Infrastructure, Linked in, pension, pensions, PIC, Royal Mail
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