Tag Archives: Royal Mail
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 CDC, CWU, DB WinRS, first actuarial, pensions, Royal Mail, UCU, USS, UUK
2 Comments
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
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 adviser, annuity, Business, CDC, Drawdown, pensions, Royal Mail
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 CDC, IFA, pensions, Royal Mail, wealth management, workplace Pensions
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
Posted in CDC, pensions
Tagged Aviva, CDC, John Lawson, pension, pensions, Plan, Royal Mail
Leave a comment
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 CDC, DC upgrade, Frank Field, pensions, risk sharing, Royal Mail, Work and Pensions Select
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 pensions, Royal Mail, Stuart Croft, UCU, USS, UUK, Warwick
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 CDC, pension, pension upgrade, Royal Mail, SIPP, upgrade, workplace pension
3 Comments
BSPS – with the benefit of hindsight.
“I wonder how many of the financial advisors who recommended transfers out , predicted a 10% drop in the stock market in one week? Not many is my bet.” This is a post on the main British Steel Pensioners Facebook … Continue reading
If I was Theresa May….
I can understand Theresa May’s frustrations, I am a member of her party and have witnessed her “annus calamitous” up close and personal. I am a fan of May’s, an endangered species, but I prefer her to alternative models As … Continue reading
Posted in CDC, pensions, Royal Mail
Tagged CDC, pensions, Royal Mail, Technology, Theresa May
3 Comments