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Tag Archives: small pots
We need courage not legislation – to sort out small pots
Dress it up as the industry may, the progress report of the Small Pots Working Group is a disappointment. The Group was set up to find a working solution that commanded consensus from the ABI, PLSA and the … Continue reading
“When I’m 65” – poverty’s out of sight – it should not be out of our minds.
The Institute of Fiscal Studies has done some interesting work on poverty amongst people in their mid sixties, with one extraordinary finding. Jonathan Cribb’ work which suggests that people arriving at the end of their working lives are not managing … Continue reading
Posted in pensions
Tagged bridging pensions, IFS, Jonathan Cribb, Savings, small pots, Thomas a Kempis
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Let my pension-pot go!
Small pots initiative derailed by lawyers and marketeers How many people think they are going to retire at 55. How many people with a small pension pot of less than £1,000 think that it will allow them to pack … Continue reading
Savers suffer as providers throw rocks at each other
New research from Steph Hawthorne on behalf of the FT’s Pension Expert shows that nothing has changed from the data published by the DWP (except Smart aren’t sharing data with the FT) Here is the DWP data, based on … Continue reading
Pension trade bodies vie for “tallest dwarf”.
On December 17th, the DWP reported on the findings of its small pots working group, the report was accompanied by press releases from the various participants in a competition to find the tallest dwarf. I am sorry to write ill … Continue reading
Posted in pensions
Tagged ABI, CMA, dwarf, DWP, open pensions, Pensions, PLSA, small pots, tallest dwarf
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The small pots working group find a progressive way to grasp the nettle
Almost as important as its findings, the constitution and delivery of the small schemes working group is an exciting foretaste of a new way of working for the DWP and its pension policy unit. The 86 page report that … Continue reading
Posted in pensions
Tagged Adrian Boulding, CIPP, Darren Smart, DWP, Payroll, small pots, stinging nettle
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Respect small pension pots, they simmer our dreams
I was lucky to be invited to listen to Chris Curry yesterday at a DWP convened meeting to think about the issues around small pots. Much of the information discussed was proprietary to the DWP so I can’t share the … Continue reading
Posted in pensions
Tagged Adrian Boulding, big-fat-pot, consolidation, DWP, Guy Opperman, small pots
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Dashboards aren’t the “small-pot fix” some claim
The ABI want us to consider pension dashboards as a means to consolidate small pots Imperative for any solution … is for government to prioritise delivery of commercial and non-commercial pensions dashboards to spur pension scheme members to consolidate … Continue reading
Posted in advice gap, age wage, pensions
Tagged consolidation, Pensions, small pots, Stephen Timms
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Could small pots be auto-enrolment’s lethal legacy?
50m at 2050 I spoke with Adrian Boulding last week on the issue of small pots. There are various estimates of the likely extent of the problem, the one I quote comes from DWP research which suggests that unless something … Continue reading
Why I’m changing my mind about NEST
Nest nudge pension freedoms to one side https://t.co/QTwvZDVnKt via @henryhtapper – we don’t have a NEST equivalent in Australia – and it’s starting to look like a significant oversight in the evolution of our #superannuation system. @NESTInsight — Jeremy Cooper … Continue reading
Posted in NEST, pensions
Tagged Impact, ISG, Jeremy Cooper, NEST, pensions, small pots, workplace Pensions
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