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Tag Archives: Public Sector Pensions
A gentler way to talk about pensions
Yesterday afternoon I had a chat with Glyn Jenkins. Most of my conversations with Glyn over the years have been in the bar of Unison’s Marylebone’s offices. Glyn is old school and that means he prioritises people. This chat … Continue reading
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Why pensions pinch your pay packet
We now know that we are unlikely to get a national pay rise for the rest of the decade. We are worse off in terms of wages than we were ten years ago. What we get paid matters and with … Continue reading
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Posted in accountants, actuaries, economics, pension playpen, pensions
Tagged costs, Pay, pension, Public Sector Pensions, Salary
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Does drawdown need a charges cap for pension drawdown
This post was written a few months ago but never published. The main thrust is still relevant, the thrust is that we are better off building better and more relevant products than trying to squeeze drawdown into a shirt two … Continue reading
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Posted in accountants, advice gap, pension playpen, pensions
Tagged Business, CAP, charges, Drawdown, DWP, Employment, Financial services, flexible drawdown, Government, National Employment Savings Trust, pension, Pension new, Pension Regulator, pensions, Politics, Public Sector Pensions, Value for Money
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Mobilising millions – training employers on AE.
Who is going to mobilise the millions of bosses still to stage auto-enrolment? There are not 1.3m but 1.8m employers in the UK who will need to stage auto-enrolment.Of these , all but around 65,000, more than 1,790,000 employers have … Continue reading
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Why the FCA should take a leaf out of tPR’s book.
The Pensions Regulator have been re-born over the last five years and become focussed on helping advisers, trustees and employees solve pension problems. They have started treating us as customers and not potential criminals. Sadly, this attitudinal shift doesn’t seem … Continue reading
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Posted in advice gap
Tagged annuity, auto enrolment, Business, contracting-out, de-risking, Employment, FCA, Financial Ombudsman, FOS, Foundation Pension, pension, Pension new, pension playpen, pension transfers, Pensions Regulator, Public Sector Pensions, regulation, Retirement, S2P, SERPS, Single State Pension, Time Bar, TPR, transfers
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“We all defer together?” – Guest Blog from Ralph Frank
The recently announced consultation on pensions tax relief has stirred up thought and debate on the issue of incentivising long-term saving. There are theoretical, commercial and practical aspects to be addressed in this process of defining an approach to pensions … Continue reading
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The transfer mess gets worse…
It’s been some weeks since I wrote about transfers. To recap, I have been predicting a seizure in the transfer market , resulting from high demand, low-advisory capacity and pipes blocked with regulatory effluent. So it doesn’t come as a … Continue reading
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Posted in Treasury, trustee
Tagged Actuarial science, advice, annuity, auto enrolment, Business, corporate governance, Financial Services Authority, London, Pension Poverty, Pension Protection Fund, Pension Regulator, pension transfers, pensions, Politics, public sector, Public Sector Pensions, Retirement
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Pension PlayPen’s response to the Treasury on pension tax-relief
The Treasury has asked eight great questions which go to the heart of how we incentivise pension saving. Here are our responses. We haven’t formally sent these responses to the Treasury yet, so if you have any comments, please send … Continue reading
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Posted in pensions, Pensions Regulator, Public sector pensions
Tagged auto enrolment, Business, Business and Economy, corporate governance, corporate risk, dc pensions, DWP, EET, Financial services, Government, HMRC, occupational pensions, ocnsultation, pension, Pension new, pension playpen, Pension Regulator, pensions, Politics, public sector, Public Sector Pensions, Retirement, Steve Webb, tax relief, TEE, The Treasury
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Why I’m backing the master trust assurance framework
Back in May 2014, the Pension Regulator launched on an unsuspecting world the ICAEW’s Technical Release “Assurance reporting on master trusts”. At the time I was dismissive of this document and the Master Trust Assurance Framework (MAF). Write in haste , … Continue reading
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Posted in auto-enrolment, pensions, Pensions Regulator, Retirement
Tagged advice, annuity, auto enrolment, Business, DWP, Employment, FofAE, governance, ICAEW, master trust, master trusts, National Employment Savings Trust, pension, Pension new, pension playpen, Pension Regulator, pensions, Public Sector Pensions, Retirement, TPR, workplace Pensions
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How pensions restrain public sector pay and services.
The latest discussions about how we will manage the nation’s finances are focussing on public sector pay.Nick Clegg tells us that his party will make sure wages would rise in real terms for two years from 2016, and then … Continue reading
