The Chancellor’s sophistry on pension reform is dangerous

July 22, 2014 2 Comments Pension-Money

Chancellor George Osborne was dismissive of the critics of his Budget 2014 pension reforms in an interview with the BBC this week. “It’s not my money, it’s not your money… We have to get away from the patronising view that the state knows best”. This is a subtle and attractive […]

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Guidance issue is key to pension reform success

July 17, 2014 Leave your thoughts Guidance-pensions-reform

Compared to most other countries, the decumulation sector in the UK is very sophisticated. A wide variety of decumulation options are in place to deal with longevity risk. The danger of outliving your money is the most severe risk faced by the public because when it impacts, the individual is […]

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Government is ignoring longevity risk with pension reform

July 8, 2014 Leave your thoughts OECD-critique-UK-Government

The OECD has made a diplomatic intervention to critique mildly the UK government’s abolition of the annuitisation rules for pensions. One does not have to be Sherlock Holmes to spot the clues that reveal that the OECD is actually aghast at the extent of the change. This policy runs against […]

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TechLife Exaxe Newsletter: May / June 2014

June 25, 2014 Leave your thoughts June2014-newsletter-feat

The May / June print edition of TechLife is now available online. TechLife is published every quarter and is filled with news, opinion pieces, white papers and information on legislative changes within the life and pensions industry in the UK and abroad. If you wish to receive a hard copy […]

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Actuarial Post: Are your systems too interlinked for independence?

June 24, 2014 Leave your thoughts Interlinked

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 […]

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When the eternal optimism of youth is dangerous

June 18, 2014 Leave your thoughts Young-professionals-508

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 […]

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Ontarians ‘Wynne’ a new pension scheme

June 13, 2014 Leave your thoughts Kathleen_Wynne_pic_508

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 […]

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

June 4, 2014 3 Comments Dutch-style

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 […]

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The End of Retirement (Part Two)

May 29, 2014 Leave your thoughts End-of-retirement-part-two

This article was originally commissioned and published in for the March 2014 edition of the Investment Life & Pensions Moneyfacts publication. In the second of a two part series, Tom Murray suggests that the current range of life and pensions products is not sufficiently flexible to cater for the needs […]

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