Pensions policy in the UK has become remarkably incoherent. We are bombarded with pension reforms, but the ones that have tipped us into Wonderland are the last two. First, so-called ‘pension freedoms’ announced last year, and coming into force in a couple of weeks, where people can cash in the whole of their pension pots … Continue reading
I attended the excellent Pensions Play Pen monthly pensions discussion today, the group founded and generally galvanised by the equally excellent Henry Tapper, pensions person extraordinaire. Today’s topic for heated debate was Advice/Guidance? Does it Matter? This is a topic close to my heart and I’ve been writing about the importance of advice gaps for … Continue reading
August is a funny month in UK universities. I wandered into the corridor yesterday to find two young South Korean students waiting patiently in our waiting area, despite being surrounded by closed doors. When I asked whether I could help them, they explained in faltering but perfectly intelligible English that they were undergraduate students from … Continue reading
Henry Tapper, in his recent blog post: ‘If you write as good as you talk – no one reads you’ suggests that there’s no use in any pensions/expert/guru/bore banging on whether in magazines or on blogs or conferences if nobody’s reading/listening. He’s set himself a challenge to produce material that is ‘relevant, stimulating and fun and … Continue reading
A lot of people are wondering how the government has arrived at the figure of £140 a week for the proposed new state pension. The justification I have heard (from a number of sources) for the apparently thumb-sucked figure is to ensure it is just above the Guarantee Credit ‘poverty line’, which is currently £137.35 … Continue reading
Attending the HC Work and Pensions Committee yesterday to discuss the new proposed single tier pension as suggested in the Green Paper, “A State Pension for the 21st Century”, one idea was repeatedly raised by the MPs – what to say to constituents who say that they contributed all their lives to National Insurance, only … Continue reading
Almost a million older people are materially and socially deprived on four or more essential items. Surely as a society we can do better.
As pension schemes are being redesigned, and Defined Contribution schemes become the norm, experts are increasingly calling on government to improve pension/retirement education for school leavers. But is there any evidence, anywhere in the world, that “educating” school children makes any difference at all to retirement planning at any point in the lifecourse? I know … Continue reading