Tag Archives: Royal Mail
Royal Mail strike averted – CDC gets a welcome break.
Only a week after the Pensions Regulator finally authorised Royal Mail’s Collective Pension Plan as Britain’s first CDC scheme, a strike that had threatened the future of the Plan’s sponsor has been averted. The news will come as a relief … Continue reading
Congratulations to Royal Mail on Britain’s first authorised CDC scheme
A sight many of us thought we would never see…. It is hugely satisfying that after so long, we can finally say that there is an authorised CDC scheme. Many congratulations to the management of Royal Mail , to its … Continue reading
Will DC savers ever get pensions?
I am going to an event this afternoon organised by the Royal Society of the Arts (RSA) and hosted by a famous city law firm. Our agenda is how we move risk sharing on from the one (almost) achieved example, … Continue reading
“Delivering the full benefits of CDC” means building to last.
It was interesting being on the Royal Society of the Arts CDC call with the Pensions Minister and a large number of actuaries, lawyers and the RSA team of David Pitt-Watson and Hari Mann. The DWP put out a press … Continue reading
Fair’s fair, will employers share their good news on DB with staff?
There’s more to this question than meets the eye. DB in run-off is likely to become less expensive to sponsors as inflation and interest rates increase. This should feed through to lower funding which might feed through into more equitable … Continue reading
Is TPR setting too high a bar for CDC?
If you’re thinking of running a CDC scheme, make sure you have deep pockets. The application price alone is an eye-watering £77,000. This compares with £23,000 to apply for master trust authorisation. No one will make an application without being … Continue reading
Eri-tation ; time to come clean on DC pensions.
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 CDC, Dashboard, M3, master trust, Royal Mail, SPP
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USS heading for the buffers – strikes seem inevitable – why?
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
Lecture: ‘Can CDC turn base metal into pensions gold?’ by John Ralfe
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
Opperman – CDC makes pensions “more sustainable for employers”
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