There are basically two models of workplace pension. The traditional model is run by trustees, who have a legal duty to act solely in the interests of their members. In pensions jargon, these are known as occupational pensions, though I prefer to call …Read more…
CDC pensions are better for the economy
At the TUC’s ABC of CDC conference, my good friend Bernard Casey of Warwick University asked Gregg McClymont, the Shadow Pensions Minister, the sources of the superior projected performance of CDC compared to individual DC. “Different speakers have emphasised the “main” advantage of…Read more…
Point the pensions horse in the right direction
The festive season may be over but UK pensions policy continues to pull in two directions like a comedy pantomime horse. It seems that Pensions Minster Steve Webb had his eggnog spiked by his market-obsessed Treasury colleagues because his first post-Christmas outing was to propose a new trade in…Read more…
Charges rip-off: the pensions industry puts on its best innocent face
Sometimes the financial services industry resembles those feckless miscreants with a car boot full of swag who are the mainstay of the sorts of fly-on-the-wall police programmes that fill the further reaches of the Freeview spectrum. We knew there were…Read more…
Questions on public service pensions accounting in the Autumn Statement
The Chancellor claimed that the Autumn Statement was a slight fiscal tightening – in other words, that predicted income resulting from the policies announced would slightly exceed predicted expenditure. I blogged yesterday about the considerable uncertainty surrounding the budget contribution the…Read more…