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Tag Archives: trust
Let’s stop pretending guidance is enough.
News that the Government has thrown out proposals for compulsory guidance to protect us from ourselves comes as no surprise to me , though it has clearly angered Ros Altmann. Writing on her blog, the former Pensions Minister writes of the … Continue reading
Posted in advice gap, pensions
Tagged advice, CDC, Guidance, Pension Freedoms, pensions, trust, trustees, Wage for life
7 Comments
“Trust is a fragile thing” – it’s based on sharing.
Alistair Queen of Aviva is a great representative of his company. He curated this graphic to twitter yesterday – and it was well liked. Alistair’s comment was made in the context of frustration from Jon Stapleton, a journalist who has done … Continue reading
Posted in pensions
Tagged Alistair McQueen, Carillion, CDC, Guy Opperman, Jon Stapleton, pensions, Royal Mail, trust
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Defined ambition – a trap avoided
This is a technical note from Con Keating that explains why mark-to-market accounting really doesn’t work for CDC. He sets out a more equitable basis for measuring funding. See if you can follow Con’s logic – I think I can … Continue reading
Less sales – more trustees please.
I was jogged out of my Friday night lethargy by this picture. Aon’s master trust has just been awarded a “Pension Quality Mark” by the PLSA. I find this picture quite disturbing. The pensions minister Guy Opperman (right) is featured … Continue reading
Posted in advice gap, pension playpen, pensions
Tagged #PLSAANNUAL, Aon, mattingly, Mortimer, Nash, Opperman, pensions, PLSA, trust
5 Comments
Pensions need trust not more blue-sky concepts.
I’ve received a request from a journalist I’m working on a programme about pensions that needs to be ‘blue sky’, conceptual and not mention the word pension I’m familiar with this kind of thing. There’s a view in the world … Continue reading
Is contract-based versus trust-based really the question? Guest Blog from Ralph Frank
Automatic Enrolment (“AE”) has resulted in an increase in Defined Contribution (“DC”) pension saving through Master Trusts (“MTs”). This trust-based approach has overtaken contract-based arrangements, such as Group Personal Pensions, as the most popular form of DC saving. A key … Continue reading
Posted in pensions
Tagged Contract, GPP, master trust, MT, Ralph Frank, regulation, trust, trust-based
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If your boss doesn’t care about your pension , he doesn’t care about you.
Popcorn pensions We’re used to bosses telling us that we’re the company’s greatest resource.Britain is a service led economy and even in an increasingly digital market, the human resource is expensive to acquire and to replace. If you have a … Continue reading
Posted in auto-enrolment, Payroll, pension playpen, pensions
Tagged auto enrolment, educate, Empower, Engage, pension playpen, popcorn, Popcorn Pensions, Sage, trust, workplace pension
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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
Rebuilding the social capital of pensions.
I’ve been reading Andy Haldane’s recent speech and kick off with this one statement among many good insights. “A plausible objective of public policy..is not to maximise trust among consumers of financial services but to maximise trustworthiness among its … Continue reading
Posted in pensions
Tagged Andy Haldane, Bank of England, Banking, BOE, Financial services, pension playpen, pensions, social capital, social identity, social purpose, trust
1 Comment
To understand value, get a grip on price
Workplace pensions are not priced as they seem. When an employer chooses a workplace pension, he/she sees member borne charges and employer charges. The employer charges are paid by the employer as fees (anything from £0 -£1200 pa, member borne … Continue reading
Posted in IGC, investment, pensions
Tagged auto enrolment, Business, IGC, National Employment Savings Trust, pensions, trust, Value for Money, workplace pension
3 Comments