Knox says, "In pensions we have a broad consensus between politicians, regulators, and industry on what the next chapter for…
Such an important topic! Students need skills that prepare them for real-world challenges.
Historian Joseph S Moore's book, "How To Get Rich The American Way", challenges these illustrations of 200-year compounding, Henry. The…
The article link you posted simply goes to my alma mater's website, the Adam Smith Business School at University of…
Tag Archives: trustee
Advisers advise, fiduciaries govern.
I am going to New York next month to talk about risk sharing in the UK. I will be sharing my session with Simon Nelson of Eckler, a Canadian actuary and we’re comparing notes at the moment. I’d like to … Continue reading
Posted in pensions
Tagged advice, Consultant, empoloyer, Fiduciary, governance, pension, trustee
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De-risking strategy found in pocket of comatose trustee
The Pension Plowman rifling through the pockets of a trustee lying in the gutter following an all night pension celebration , has found too documents, the first a copy of Corporate Adviser the full text of which can be … Continue reading
Re-energising trusteeship (for a DC world)
My recent blog pointing out that DB trustees tend to make bad DC trustees has gone down like a lead balloon with certain DB trustees. I don’t think is surprising. The next question is whether we can find a … Continue reading
Posted in annuity, Trades Union Congress, trustee
Tagged Education, financial advice, Financial Capability, trustee
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The Pension Industry cannot serve two masters
Pensions are at a crossroads. For 30 years they have been travelling in the direction of the financial services and we could continue that direction of travel. We could turn left and go Dutch or turn right and adopt the American … Continue reading
Posted in auto-enrolment, dc pensions, NEST, pensions, Retirement
Tagged Auden, CDC, Denmark, Dutch, Founder, governance, IGC, pensions, regulation, Regulator, trustee, US, Watershed
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What’s that coming over the hill…? NAPF CDC DEBATE #Fail
The NAPF CDC Debate The debate on how we organise our retirement incomes from our pension savings was not progressed at the NAPF’s CDC focussed pension connections meeting last night. A half filled room witnessing a debate between two “Pale … Continue reading
Posted in actuaries
Tagged Actuarial science, annuity, Business, CDC, corporate governance, corporate risk, dc pensions, Defined benefit pension plan, DWP, Employment, fail, Financial services, Guidance, Hamish Wilson, IGC, John Ralfe, MAS, NAPF, National Employment Savings Trust, NEST, pension, Pension new, pension playpen, pensions, Retirement, Steve Webb, TPAS, trustee
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A democratic way to improve DC investment.
The responsibility for improving DC governance falls on all of us Continue reading
To get better pensions we need to share risk
Yesterday, Steve Webb announced he was to review the level of protection that needed to be provided to private pensions in payment. His intention is to help the solvency of defined benefit schemes which might need to reserve less for future guarantees. He is … Continue reading
Posted in annuity, corporate governance, dc pensions, de-risking, EU Solvency II, Fiduciary Management, Management, NEST, pensions, Retirement
Tagged CDC, Defined benefit pension plan, Derek, Dutch, Employment, pension, Standard Life, Steve Webb, trustee
9 Comments
Meaningless choice
“choices should only be offered where they are meaningful, timely and can be taken in the full understanding of both up and downside”.
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Posted in annuity, corporate governance, customer service, de-risking, Fiduciary Management, Liability Driven Investment, NEST, Retail Distribution Review, Retirement
Tagged Business, Debora Price, Decision making, Eagle Star, Eagle Star Insurance, Einstein, Employment, Fiduciary Management, Financial Capability, Financial literacy, Financial services, Galileo, Gallileo, Newton, pension, Quantitative easing, Social group, trustee, United States, Wittgenstein
6 Comments
Wrong is right…. Guest Blog by Steve Delo
The financial crisis has changed the financial landscape and had a dramatic impact on all investment decision making. Slap bang in the firing line are company pension schemes. And if you’re a trustee of such a scheme, you have onerous responsibilities, … Continue reading
Perverse incentives; Sexycash or prudent pension?
The problem we all face when we are asked to choose between cash or pension is very complicated. It is possible to put a cash price on a pound’s worth of pension but that’s just the beginning of the story. … Continue reading
Posted in annuity, corporate governance, customer service, dc pensions, de-risking, mallowstreet, NEST, pension playpen, pensions, Retail Distribution Review, Retirement, social media
Tagged Alan, Employment, Financial adviser, National Employment Savings Trust, pension, Pension Protection Fund, Retirement, Steve Webb, trustee
13 Comments
To properly understand what people want with the money they allow to be taken from pay, we have many surveys…