As I have mentioned in past posts, median tenure of American workers has been less than 5 years for the…
Couldn't agree with you more, Henry. The unthinking suggestion that the need to improve the adequacy of retirement income results…
At the EPFIF Trustee Circle last week, a speaker from a leading investment manager talked about the "gamblification" of the…
I've got six old workplace pots scattered around and honestly the admin of merging them has put me off for…
Tag Archives: VFM
On the march to better value – 3 ways to get what’s going on with pensions!
“What is important to me is that when you’re saving into a retirement pension, your money is working for you” – Laura Trott, Minister for Pensions, announced a series of private pension reforms at @ThePLSA yesterday to boost fairness, adequacy … Continue reading
Posted in pensions
Tagged auto-enrolment, Consumer duty, Des Healy, Laura Trott, Pensinos, Pensions, VFM
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Do speculative opinions of future value have a place in VFM statements?
Jo Cumbo’s post deserves a proper answer Looking for comments on the Government’s proposals to allow #pension providers to use estimates of future investment performance, in their new value-for-money assessment. To be clear, this is about the provider estimating returns … Continue reading
Bigger pensions for smaller savers – Trotting out reform
Yesterday was billed as a major shake up of DC pension provision in the UK. Whether it turns out that way will depend on the capacity of those providing pensions to embrace the reforms in a positive way and to … Continue reading
Fairer pensions? We must address both DB and DC as one.
I hope that the DWP and its new Minister for Pensions will focus on increasing fairness between those who have a DB and those who have a DC promise when it sets out its new package of DC reforms … Continue reading
DWP plan major reforms to Defined Contribution Pensions
Clearly the DWP has looked at the state of our DC workplace pensions and decided things must change. Laura Trott is inviting a group of stakeholders to a meeting early next week to ask questions about a package of reforms … Continue reading
Someone has to be accountable for how our savings grow
There are two ways of managing a pension system. The first allows people to make their own way home and is based on freedom and choice (think 401k and UK pension freedoms). The second is through defaults that are “done … Continue reading
Financial advisers – how do we know if our drawdown strategies stack up?
This blog’s for financial advisers who have a duty to consumers to assess the value of what they’re doing for their clients. It is also of interest to anyone who fancies themselves as their own adviser when it … Continue reading
Posted in pensions
Tagged Consumer duty, Drawdown, financial advisers, IFAs, Pensions, VFM
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Prudential’s IGC reports an omni shambles.
Prudential, once Britain’s premier insurer has produced its 7th IGC report, the second from former Mercer CEO Bruce Rigby. I suspect that Bruce had his fingers crossed that he would get away with his VFM assessment. Overall, the IGC … Continue reading
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Tagged Bruce Rigby, investments, Pensions, Prudential, Value for Money, VFM
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Royal London’s IGC – dour, impenetrable but effective
Royal London’s IGC report for 2021 is a rather dour affair, in contrast to others. Its sombre colour scheme is complimented by a formal style of delivery with an emphasis on good governance rather than member engagement. Even the … Continue reading
Aviva’s IGC Statement’s fierce battle to stay relevant.
A report whose relevance is challenged Aviva published its 2022 IGC report in September. As the picture says, it deals with the performance of Aviva’s pension savings products to the end of 2021 but does not cover the impact of … Continue reading
When a youngster in our extended family emigrated he consolidated his DC pensions into just two - easy enough to…