Light in the lifestyle tunnel!
lux in tenebris The way in which your DC pot magically turns from investing in shares to investing in cash and Government bonds is called lifestyle and it involves hundreds of transactions in 60+...
View ArticleDC4Good; ABdc and the Pension Trust get it.
DC to the rescue for employers with s75 issues! DC just took a little step forward… Here’s AllianceBernstein‘s press release (with the flim-flam deleted and my comments in blue) AllianceBernstein...
View ArticleBetter-buying makes auto-enrolment work
We are seeing a profound change in the way people provide for their retirement. The Thatcherite experiment of personal pensions has been discarded and we have returned to “works pensions” as our way...
View ArticleAugust PlayPen lunch; – AE without advice?
The PlayPen lunch split 5/5 on the issue, advisers and lawyers reckoning that advice was not only a practical but also a regulatory “must have” before employers staged auto-enrolment. In a regulatory...
View ArticleTime for action on pension fund costs.
It has been a good time since John Kay highlighted the inefficiencies in financial markets created by “everyone taking a cut” otherwise known as intermediation. We are now waking up to how we pay for...
View ArticleIt looks like we won’t get a cap on pension charges – do we need one?
Josephine Cumbo, writing in the FT, has news. Government plans to cap charges on workplace pensions will be shelved for at least a year, dealing a blow to pensions minister Steve Webb who pursued the...
View ArticleHow pensions are impacted by the bank bonus culture
It’s been six weeks since I first posted about the goings on at State Street’s custodian business that had resulted in a £23m fine and the publication of some damning findings about the behaviour of...
View ArticleThe charges of the light brigade
Charge for the guns he said The publication by the Investment Association of a report that puts hidden costs in funds on a par with the Loch Ness Monster has been met with elation by fund managers...
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