Tag Archives: workplace Pensions

How do we use our IGCs?

Posted on February 13, 2019 by

My key words in the title are “we” and “our”. The Independent Governance Committee’s set up as a result of the failings in contact-based workplace pensions identified by the OFT, are for us – the consumer. They were not set … Continue reading →

Posted in IGC, pensions | Tagged , , , , , | 1 Comment

Death by 10 million pots – how to solve the small pot crisis

Posted on October 14, 2018 by

  There are 10 million new savers into workplace pensions. If every saver changed jobs 10 time, that would mean 100 million new pension pots- unless some means of rationalising pot proliferation can be found. The DWP estimate that by … Continue reading →

Posted in advice gap, age wage, pensions | Tagged , , , , , , , | 2 Comments

AE – a day of reckoning to come?

Posted on September 11, 2018 by

More of us are saving, but we aren’t saving any more. The democratisation of pension saving – arising from auto-enrolment is a great thing – everyone can dare to dream of stopping work under their own power. But there is … Continue reading →

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Can a DC plan be “in deficit”?

Posted on September 2, 2018 by

Yesterday, I fired off a message to the Pensions Regulator to put a stop on Whitbread’s sale of Costa to Coke, till restitution is made of the money owing to the low earners auto-enrolled into its net pay workplace pension. I won’t … Continue reading →

Posted in accountants, pensions | Tagged , , , , , , | 2 Comments

Should we be empowering consumers or regulating providers?

Posted on August 7, 2018 by

  Well we’re on to question three – all the proposed eight blogs  will be sent to WPC as our evidence – when I mean “our”- I mean mine – and the thoughts of anyone who cares to comment. So here’s this morning’s exam … Continue reading →

Posted in pensions, WPC | Tagged , , , , , , | 2 Comments

Workplace pensions – value for money?

Posted on August 7, 2018 by

  This is the second of eight blogs answering the questions set out in the Work and Pension Select’s inquiry into transparency in pensions. The idea is that this blog, together with comments from anyone who chooses, will go to … Continue reading →

Posted in advice gap, pensions | Tagged , , , , , , , | 6 Comments

Must we remain in darkness about our retirement money?

Posted on June 18, 2018 by

  The two comments on this thread from David and Matt, show the two ways that pots could follow member. David’s solution is the solution that Hargreaves Lansdown want our Government to adopt. Matt points out that it could force … Continue reading →

Posted in advice gap, Payroll, pensions | Tagged , , , , , | 2 Comments

AE Pots must follow workers (Hargreaves Lansdown’s right)

Posted on June 17, 2018 by

I have just read a policy paper in my hand from Hargreaves Lansdown;  “Putting Individuals at the Heart of the Pension System”. After some pretty dire submissions to the Work and Pensions Committee on CDC, I hadn’t thought to agree with … Continue reading →

Posted in auto-enrolment, pensions | Tagged , , , , , , , , , , | 3 Comments

Why we will always need a charge cap on workplace pensions.

Posted on May 11, 2018 by

    Tony Filbin has commented feelingly to comments made by Jonathan Parker of Redington, suggesting the charge cap “hinders value for money“. People with short memories and/or lack of experience misunderstand the cost drivers of corporate pension providers. Prior … Continue reading →

Posted in auto-enrolment, pensions | Tagged , , , , , , | 1 Comment

Nothing wrong with being contrarian – the Hargreaves Lansdown 2018 IGC report

Posted on April 15, 2018 by

There’s a compelling logic to the HL IGC Chair’s introduction Since they all relate to value for money for scheme members, our findings and progress are set out in the following analysis of value for money. Value for Money is … Continue reading →

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