Tag Archives: Royal Mail

The public debate on USS is elevated by King and Kay.


Exclamation: Master @JohnRalfe1! Mervyn King has now joined UCU and is spouting what you call “#USS #smokescreen and pure #UCU #bollocks“! Calling Bazooka @mikeotsuka and Plowman @henryhtapper https://t.co/OFuewk3ER7 — John Ralfebot (@Ralfebot) September 6, 2018 One of the joys of … Continue reading

Posted in pensions, USS | Tagged , , , , , , , | 3 Comments

Stop scamming – by giving people better choice.


I’m a fan of Government intervening to stop scamming. It’s good that the FT on.ft.com/2P1VT5c  and BBC are reporting “SCAMSMART” the FCA’s new initiative to stop scamming. But this intervention has to be accompanied by positive action from the private sector. People … Continue reading

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University pensions! – Stay collective! Stay open!


Another good day for pensions! Yesterday was a good day for the collective pension scheme in Britain. I had breakfast at Cicero’s offices in the Old Bailey (not the courts). I was able to hear our Pensions Regulator talk openly about … Continue reading

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

Johnson misses the point; CDC is for the common man


  I don’t know whether Michael Johnson is being obtuse or obstructive, but either way, his letter to the Financial Times, misses the point.    A small cabal of consultants to the pensions industry has been banging the collective defined … Continue reading

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

What is CDC?


  I’ve had a couple of calls recently for a simple explanation of what CDC is and why it could be useful in Britain today. CDC is an abbreviation for Collective Defined Contribution. A CDC scheme is created by contributions … Continue reading

Posted in CDC, Pension Freedoms, pensions | Tagged , , , , , , | 2 Comments

Advisers should welcome a revival of the collective pension scheme


Financial advisers have never had it so good. The collapse of the DB market has led to the outflow of tens of billions of pounds into the wealth market,  the emergence of fund platforms has allowed them to demonstrate a … Continue reading

Posted in Blogging, CDC, pensions | Tagged , , , , , | 4 Comments

Royal Mail CDC – proof of concept or the real deal?


I am always amazed at the churlishness of the pension industry towards innovation. Here’s John Lawson suggesting that the Royal Mail should be spending £400m a year to satisfy his curiosity. I’d quite like one or two schemes to try … Continue reading

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A good day for pensions, a good day for the DC upgrade.


We will know we have a solution when we don’t need guns. Overnight I heard the President of the United States deliver his solution to the gun crisis in American schools. To prevent more mass shootings, Donald Trump suggested that American teachers … Continue reading

Posted in CDC, pensions | Tagged , , , , , , | 2 Comments

Why are university staff going on strike?


  My son has started sending me the announcements he’s been getting from his University about impending strike. He’s at one of two Universities who have been leading the charge amongst employers calling for an end to DB accrual in … Continue reading

Posted in pensions, Royal Mail, USS | Tagged , , , , , , | 5 Comments

Time for a DC upgrade?


I was wading through yet another long and technical explanation of CDC  when I got my Eureka moment! I don’t want a CDC plan, I want a DC upgrade! I’m not dissing legal eagle Sandeep Maudgil (who’s soon to appear … Continue reading

Posted in annuity, CDC, pensions | Tagged , , , , , , | 3 Comments