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Tag Archives: Pot follows member
A blueprint for pension consolidation.
Yesterday I was reading the corporate accounts of MoneySupermaket.com. Last year, as well as generating nearly £400m of turnover and making over £100m in profit, MSM were given personal information by over half the UK adult population. 25m people volunteered … Continue reading
Posted in pensions
Tagged Blueprint, pension, Pension consolidation, pension playpen, pension reform, pensions, Pot follows member
7 Comments
Watch out for that land down under! Australia’s as confused as we are!
Australia is the land where the market never crashes. It is a nation of double digit compulsory pension contributors , of universal pension engagement and an example to us all. Well some of this is true, but if recent reports coming out of … Continue reading
Posted in pensions
Tagged Andy Haldane, Australia, Clearing, pensions, Pot follows member, Super
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Whatever happened to “pot follows member”?
The Liberal pension spokesperson – the very shadowy Stephen Lloyd, has labelled the Conservative Government “incompetent” for shelving Steve Webb’s pot follows member initiative (which should have arrived in 2016). Guy Opperman, with the weight of the Government’s massive research … Continue reading
Posted in pensions, steve webb
Tagged dc, Guy Opperman, pensions, Pot follows member, stephen lloyd, Steve Webb
2 Comments
Portals for show, pensions for dough
The Pension Dashboard is under pressure. Having lost its sponsor, Simon Kirby MP in this summer’s election, early-day momentum is running out. The ABI are clearly fed up and are now calling for Government intervention if they are to … Continue reading
Posted in pensions
Tagged ABI, dc, DWP, Evestor, Neyber, PASA, Pension Bee, pensions, Pot follows member, state pension
1 Comment
Put the customer first – help the pot follow member
I have recently been passed the slides of the PLSA?ABI+++ workshop on creating a common way for pension pots to follow members. You can find them here. What a mess we are making of something so very simple! Here is … Continue reading
Posted in accountants, actuaries, auto-enrolment, pensions
Tagged NEST, NOW Pensions, Origo, pensions, Pensions Bee, Pot follows member
2 Comments
Pot follows member (unless we want to keep it where it is).
In a statement this week on the sluggish service standards of firms administrating our Defined Contribution occupational pension schemes, the PLSA concluded The median transfer time is 11 days, and although some are much longer1, this is principally due … Continue reading
Posted in advice gap, pensions
Tagged Aegon, Origo, Pension Bee, PLSA, Pot follows member
2 Comments
“Pot follows member”? Who are you kidding? Pension Bee blows the lid on DC transfers.
We’ve had fuss about how hard it is to move your bank account, we’ve had fuss about how hard it is to switch utility supplier, but how hard is it to merge your pension accounts so that your pot follows … Continue reading
Posted in advice gap, pensions
Tagged conoslidation, Hargreaves Lansdown, Pension Bee, pension playpen, platform, Pot follows member, Transfer
2 Comments
The Pensions Dashboard (and consumer demand)
“I didn’t know I wanted this, till I came here – I do now! This was the feedback from one tester of a dummy pension dashboard , as reported in an excellent presentation by Barclays’ Clive Grinyer at a … Continue reading
Do we need so many pension schemes?
Ireland’s pension regulator wants to cut the number of corporate retirement plans in the country from 150,000 to 100 in a move that would put pressure on pension providers and asset managers to reduce fees. So it’s reported in the … Continue reading
Pot follows member – over a cliff?
There’s a great saying in racing “I’d follow that horse over a cliff”. It’s a morbid comment on most gambler’s instinct to chase losses for sentimental rather than economic reasons. When conviction sets in, then rationality is the loser and … Continue reading
Posted in pensions, Pensions Regulator, Personal Accounts, Popcorn Pensions
Tagged advice, annuity, auto enrolment, Ben Cocks, big-fat-pot, DWP, Employment, insurance companies, insurance company, Pension Freedoms, Pension new, pension playpen, pensions, Politics, Pot, Pot follows member, Retirement, Steve Webb
2 Comments
