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Tag Archives: The Pensions Regulator
A time to be angry
I got angry yesterday… I was on a conference call with a couple of lawyers arguing about the technical difference between a “duty of care” and the need to “act in good faith”. Apparently the semantics let an employer … Continue reading
Posted in pensions
Tagged CWU, Duty of Care, John Ralfe, lawyers, pensions, Pre-pack, Royal Mail, Rutland, The Pensions Regulator
1 Comment
Is pressure building on financial services?
One test of populism will be the extent to which “populist” Governments take on the cost of saving and investing. We are used to “bank bashing”, they were the justifiable targets of public wrath for the savings and loans crisis, … Continue reading
Posted in pensions
Tagged Asset management, charges, costs, Government, Taxation, Technology, the FCA, The Pensions Regulator, Transaction costs
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The peril of pensions (a quiet word in payroll’s ear).
Anyone who manages payroll, whether in-house or as an outsourcer, will by now have discovered the perils of auto-enrolment. This article will not rehearse the process issues (you’ll be relieved to know). But with auto-enrolment come workplace pensions. Currently the majority … Continue reading
Posted in accountants, advice gap, auto-enrolment, pensions
Tagged accountant, auto enrolment, DWP, NEST, Payroll, pension, The Pensions Regulator, TPR, Workie, workplace pension
1 Comment
Why a 12% pension saving rate is wrong.
I had hoped to talk yesterday with and today about Lord Turner and the meeting of minds at the Pension and Lifetime Savings Association. The change of title a year ago had, I hoped , heralded a more open … Continue reading
Posted in pensions
Tagged DWP, Guided outcomes, Hymans Robertson, pensions, PLSA, Richard Harrington, The Pensions Regulator
5 Comments
NEST is not auto-enrolment
I went to a talk yesterday by a former shadow cabinet minister of state for the DWP. It was under Chatham House rules so I can’t tell you which one – it doesn’t matter which one – it matters … Continue reading
Posted in advice gap, auto-enrolment, pensions
Tagged API, auto enrolment, choice, dumbing down, lawyers, litigation, NEST, pensions, Technology, The Pensions Regulator, workplace Pensions
20 Comments
Doesn’t pension freedom extend to Defined Benefits?
The debate about the assumptions we use to decide the state of our defined benefit schemes is in full swing. On the one hand you have those, like John Ralfe who use an approach which ensures that there’s always enough … Continue reading
Posted in pensions
Tagged DB, defined benefit, Derek Benstead, first actuarial, Freedoms, Guarantee, John Ralfe, pensions, PPF7800, Rob Hammond, The Pensions Regulator, TPR
2 Comments
Doesn’t “integrated risk management” set the bar askew?
The buzz phrase for those involved in DB pension management is “Integrated Risk Management” or IRM – if you want to sound familiar with these things. The phrase is a good one as it focuses trustee’s minds on what really … Continue reading
Posted in pensions
Tagged defined benefit, Integrated risk management, IRM, pension reform, pensions, The Pensions Regulator, TPR
1 Comment
No! Pension Minister!
Did she jump – was she pushed? Speaking on Vanessa Feltz’s LBC show this morning (goo.gl/LQ99b8 1:17:20-1:31:21) , Ros Altmann said it was a bit of both. The events since her “resignation” suggest that the role of Pensions Minister … Continue reading
Posted in pensions
Tagged Brexit, Business, Charlotte Clark, DWP, Penny Mordaunt, Retirement, Ros Altmann, The Pensions Regulator, TPR, Treasury
5 Comments
Occupational means occupational – (what we can learn from scams)
Scammers beware, we are aware! July is scams awareness month and the Citizens Advice Bureau is leading the charge. The Pensions Regulator is not far behind with its promotional campaign. The scorpion is never far away. It’s very much up … Continue reading
The soft underbelly of master trusts
Many master trusts are absolutely rotten – they are not fit for purpose. Lots of advisers are using them as a back door way of bringing in commission, dressed up as high governance charges. The words of Barnett Waddingham’s … Continue reading
Posted in accountants, advice gap, auto-enrolment, pensions, Pensions Regulator
Tagged auto enrolment, charges, DWP, Employment, Financial services, governance, Government, master trust, National Employment Savings Trust, Retirement, soft underbelly, The Pensions Regulator, trust, underbelly
2 Comments