Tag Archives: RSA

August 1st – CDC day!

The 1st August is the day applications open for a new type of UK pension – what pension people know as CDC (though in regulation it is collective money purchase). It’s been a long time in the making, but today … Continue reading

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CDC takes a big step forward

  The Minister tweets w0ke us up this morning Guy Opperman this morning announced on twitter the timeline for the development of CDC as a viable third way for British workplace pensions. The thread of tweets was posted prior to … Continue reading

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What do you really think of CDC – go on – tell the RSA!

  The Royal Society of the Arts of which I am a proud member have been keen advocates of CDC for many years.  But rather than listening to the sound of their own voices (and mine), they’ve created a survey … Continue reading

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First Actuarial’s client conference in tweets

First Actuarial had its first client conference yesterday, if you weren’t there, it’s probably  because you aren’t a client. Make sure that doesn’t happen again next year! Here’s what you got/missed Hi Mark Riches introduces First Actuarial’s first client conference … Continue reading

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Royal Society of Arts – submission on CDC

Royal Society of Arts (RSA) – Tomorrow’s Investor Programme Evidence to DWP Select Committee Inquiry into Collective Pensions We are delighted that the DWP Select Committee has decided to launch an investigation into the introduction of CDC pensions. For the … Continue reading

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How do we auto-enrol workers in the “gig economy”?

A gig economy is an environment where temporary positions are common and organizations contract with independent workers for short-term engagements. The trend toward a gig economy has begun The consultancy McKinsey  reckon that some 162 million people in Europe and America work independently. … Continue reading

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May’s way

  I’ve been trying to work out what’s going on in British politics and how to characterise the changes in direction within our two major parties (and why our third parties seem so marginal). I’m concluding that what is going … Continue reading

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Debunking the RSA myth that Dutch CDC provide better outcomes

I’ve received this open letter from John Lawson (he of Aviva) which I print in full. Dear Henry, I have mentioned before the folly of relying on the RSA for any rigorous analysis. The RSA is a political construct, not a … Continue reading

Posted in actuaries, advice gap, CDC, dc pensions, governance, pensions | Tagged , , , , , , , | 4 Comments

Savvy punters will drive down pension charges.

Inefficient markets – don’t you just love ’em! We all love a bargain whether at the local boot or in the stock market. There was a time when I believed I could pick a stock or a horse and beat … Continue reading

Posted in auto-enrolment, Bankers, dc pensions, defined aspiration, economics, Horse racing, leadership, Management, Martin Lewis, NEST, pensions, Retail Distribution Review | Tagged , , , , , , , , , , | 6 Comments

Le Pension Crisis est Arrivé

Image via Wikipedia PWC report today that the value of DC pension pots has fallen by 30% in the last three years. This Telegraph article gives the grim details. This is not a paper loss which can be reversed if markets recover, … Continue reading

Posted in annuity, corporate governance, customer service, dc pensions, de-risking, Fiduciary Management, NEST, OECD, pension playpen, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | 7 Comments