Tag Archives: Royal Mail

Eri-tation ; time to come clean on DC pensions.

Posted on September 14, 2021 by henry tapper

Eritability Of all the time wasted talking about pension dashboards, the time wasted on “estimated retirement income” irks me most. It is not the sight of actuaries arguing over annuity and growth rates that irks me , it’s that the … Continue reading →

Posted in actuaries, advice gap, CDC, Dashboard | Tagged , , , , , | 4 Comments

USS heading for the buffers – strikes seem inevitable – why?

Posted on September 1, 2021 by henry tapper

News that University employers have agreed a deal with the University Superannuation Scheme that will leave members with substantial cuts in benefits , has not gone down well. Another wave of strikes beckons , deepening the plight of students who … Continue reading →

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Lecture: ‘Can CDC turn base metal into pensions gold?’ by John Ralfe

Posted on January 31, 2021 by henry tapper

That friend to financial economics and foe to open pension schemes, John Ralfe, is delivering a public lecture on CDC on February 23rd. Register here for my @ImperialBiz on-line lecture. https://t.co/d23ex5RlH9 What does CDC “inter-generational risk sharing” really mean? How … Continue reading →

Posted in pensions | Tagged , , , | 3 Comments

Opperman – CDC makes pensions “more sustainable for employers”

Posted on December 31, 2020 by henry tapper

Guy Opperman signs off his end of year vale dictum like this Finally, we’ve made significant strides in terms of introducing collective defined contribution schemes. We’ve outlined a legislative framework for them, which spreads the investment risk, allowing for greater … Continue reading →

Posted in pensions | Tagged , , , | 6 Comments

Now more than ever , Royal Mail’s CDC scheme looks a game changer

Posted on November 3, 2020 by henry tapper

I was lucky to be among the participants in yesterday’s Westminster Business Forum and hear Jon Millidge and Terry Pullinger talk with pride of the CDC scheme they expect to launch for over 140,000 postal workers. At a time of … Continue reading →

Posted in advice gap, CDC, DWP | Tagged , , , , , | 2 Comments

CDC – a new type of pension provision coming to the UK

Posted on October 5, 2020 by henry tapper

On Wednesday (October 8th),  CDC will be debated in the house of commons and with a fair wind, legislation enabling employers and multi-employer master trusts to provide DB like benefits for defined contributions will be enacted  by the end of … Continue reading →

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

Time for some fresh thinking on CDC

Posted on April 26, 2020 by henry tapper

  The Pension Schemes Bill is making its way through the House of Lords but now seems unlikely to get Royal Assent before July. If it misses its target and we don’t get an Act till the Autumn, a Royal … Continue reading →

Posted in advice gap, age wage, CDC, pensions | Tagged , , , , , , , | 4 Comments

The politics of CDC

Posted on September 23, 2019 by henry tapper

This morning I should be attending the CDC fringe meeting at Brighton’s Grand Hotel which forms part of the Labour Party Conference. If I can’t – I send my apologies to Royal Mail, CWU and the Shadow Pensions Minister – … Continue reading →

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Do we need to pay to get our money back?

Posted on December 29, 2018 by henry tapper

Imagine going into a bank to withdraw money and being told to get advice before doing so. Imagine being told that the cost of that advice would run to many thousands of pounds. I very much doubt anyone would be … Continue reading →

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

CDC and the actuarial profession

Posted on November 29, 2018 by henry tapper

  I am not an actuary, I work with actuaries and I work for an actuarial firm. I stand up for actuaries and I praise them where praise is due. Yesterday saw an attack on the actuarial profession on twitter … Continue reading →

Posted in actuaries, pensions | Tagged , , , , , , , , | 9 Comments