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Exaxe | Life & Pensions Blog

Actuarial Post: Are your systems too interlinked for independence?

This article was originally commissioned for the May/June edition of the Actuarial Post. The forthcoming referendum on Scottish independence is exercising the minds of the great and the good in Westminster. The business community is also weighing in on the arguments and to date has focused on the dangers that might result from a vote …

When the eternal optimism of youth is dangerous

A recent survey by Blackrock’s Global Investor Pulse showed that young people aged between 25 and 34 have a stark problem. They believe they need at least £54,000 to live on in retirement. That’s fine; except for the fact that they also believe they need to accumulate a lump sum of £375,500 in order to …

Ontarians ‘Wynne’ a new pension scheme

Ontarians voted heavily last night in favour of the Liberals Kathleen Wynne and her Ontario Retirement Pension Plan (ORPP). The plan was included in the budget that toppled Wynne’s previous minority government and was made a central plank in the ensuing election campaign. Now that the Ontario Liberals have a majority in the provincial legislature, …

Don’t mention the ‘A’ word!

“And we’re going to introduce a new guarantee, enforced by law, that everyone who retires on these defined contribution pensions will be offered free, impartial, face-to-face advice on how to get the most from the choices they will now have.” (Emphasis mine) These are the words of the Chancellor George Osborne in March 2014 as …

Why ‘going Dutch’ does not always mean you’ll get what you ordered!

Three months after shaking up the pensions market, the government has decided it’s time to do it again. Following the complete ‘liberation’ of the pension market announced in the budget, heralded by the abolition of the compulsion to purchase annuities with pension pots, the government has decided that they will introduce Collective Defined Contribution (CDC) …

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