Tag Archives: Solvency II

Sorting the pensions of the “squeezed middle”.

There are three distinct streams among those old enough to work and young enough not to, Stream One is for  those who can look forward to retirement with a degree of confidence because their employer is guaranteeing it. They are primarily … Continue reading

Posted in annuity, Bankers, corporate governance, dc pensions, de-risking, EU Solvency II, Fiduciary Management, FSA, Henry Tapper blog, Liability Driven Investment, Martin Lewis, NEST, pensions, Personal Accounts, Retail Distribution Review, Retirement | Tagged , , , , , , , , , , | 10 Comments

What’s in store for UK pensions in 2012?

Artificially depressed interest rates drive up DB deficits and depress annuities but the pressure on life companies and pension schemes to adopt Solvency II recedes as the UK  distances itself from Brussels. The price of the settlement on public sector pensions is … Continue reading

Posted in annuity, corporate governance, dc pensions, EU Solvency II, NEST, OECD | Tagged , , , , , , , | 7 Comments

Unexpected risks – people just don’t get pensions (education).

We’re all aware that investing in the stockmarket is a “risky” business, it’s easy to understand how the sharp falls in stock markets impact on your savings and as stock market falls are the staple of media reporting, it’s not surprising that … Continue reading

Posted in annuity, Bankers, corporate governance, customer service, dc pensions, de-risking, Fiduciary Management, FSA, NEST, pension playpen, pensions, Retail Distribution Review, Retirement, Treasury | Tagged , , , , , , , | 6 Comments

What will Europe do to our pensions?

Europe will, given half a chance, screw up our pensions. I don’t want that to happen. Well done Cameron for digging in your heels.

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Posted in EU Solvency II, mallowstreet | Tagged , , , , , , , | 1 Comment

Value add – wine and target dated funds

Thanks to the boys and girls at ABCD it was fun but it left me a little frustrated.

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Posted in Liability Driven Investment, NEST, pension playpen, pensions, Retirement | Tagged , , , , , , , , , , , , , , , | Leave a comment

A blueprint for DC pensions

In this article I am arguing that the Pension Protection Fund can be used to provide pensions today for those ill-served by the indiviudal annuity process, namely those whose pots are above the level of commutation but below the levels where income drawdown becomes viable
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Posted in annuity, NEST, pensions | Tagged , , , , , , , , , , | 16 Comments

A definitive solution to the annuity crisis.

It is time that we started using our existing infrastructure, the PPF, the DWP pension payment system and the ultimate covenant of the UK tax-payer to sort out this mess.

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Posted in annuity, pensions | Tagged , , , , , , , , , , , , , , , | 10 Comments

DC – a victim of “mark to market” evangelism?

At present, the DC affluent can protect themselves through the use of phased retirement and income drawdown. Those with small DC pots are least protected from market vagaries.
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Posted in NEST, pensions | Tagged , , , , , , , , , , , , | 4 Comments

Scheme liabilities- Rest in Peace

The old adage that if the Equitable Life was a pension scheme it would still be trading today can be reversed. If most pension schemes were regulated as life insurance companies are today they would not be in business. Which is why we must be very worried indeed about threats to the buy-out market and very worried for our DC members about the impact on the cost of annuity purchase. Continue reading

Posted in EU Solvency II, Fiduciary Management, Liability Driven Investment, pensions, Retirement, Treasury | Tagged , , , , , , , , , , , , , , , , , , , , | 1 Comment