Tag Archives: workplace Pensions

Our pensions need you!

Posted on May 2, 2019 by

  I got some fierce feedback on yesterday’s blog where I moaned at the lack of progress in helping people convert DC pension pots to a wage for life/salary in retirement/agewage. Here’s Richard Chilton There is an implicit assumption in … Continue reading →

Posted in advice gap, age wage, pensions | Tagged , , , | 1 Comment

“In an advised world – do workplace pensions need trustees”.

Posted on April 28, 2019 by

The quote is taken from a recent interview of Steve Webb of Royal London. It is a critical question which deserves an answer. The Workplace Pension Governance landscape (is changing) Something very odd is happening in DC Governance, something that … Continue reading →

Posted in First Actuarial, governance, pensions | Tagged , , , , | Leave a comment

Virgin Money’s stakeholder is in special measures – put the IGC in charge.

Posted on April 12, 2019 by

Sid Vicious didn’t last long at Virgin when the Sex Pistols flirted with the record label. His relationship was as stormy as the Virgin Money’s IGC is with Virgin Money. Things are vicious once again , even if the Pistols … Continue reading →

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IGC reports 2019; what should we be looking for?

Posted on March 29, 2019 by

    For those who don’t follow this blog, I’ve been reviewing IGC reports since 2015/16 and intend to do so again this year. There is very little accountability on the IGCs. Though IGCs were set up to put right … Continue reading →

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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