Pension news and articles written by actuaries for actuaries - read the latest research pieces, today's news and latest articles in the Pension's market.

Are we giving auto enrolment a fighting chance?

By David White, Managing Director of Creative Auto Enrolment

It has been a busy year for the pensions market. Not only have we seen thousands of businesses stage for auto enrolment, we’ve also seen pensions come to the forefront of national debate.

Since October 2012, when the first employers staged for auto enrolment, we have seen at least ten changes, or proposed changes, to pensions; from the scrapping of compulsory annuities to the reduction of the lifetime and annual allowances. Although these changes are designed to be improvements, they betray contradictory approaches at the heart of government and often ignore the most important issue – helping employers to make auto enrolment a success. What started as a simple idea is becoming increasingly complicated and uncertain.

Auto enrolment is the new flagship approach to tackling this country’s savings gap and it is vital to deal with the woefully small pension pots retirees currently face. The median average pension pot sits at just £20,000 – that’s less than the average annual salary, yet it is supposed to pay for an entire retirement. People just aren’t saving enough for retirement – that is the crux of the issue and m...Read More

Queen's Speech: Great opportunities, serious challenges

By Malcolm Kerr, Senior Adviser EY Financial Services

In the space of a few weeks we have seen two proposals which will transform the pensions landscape. First - completely out of the blue - the decision to abolish the compulsory purchase of annuities for all. Second, and less of a surprise, the proposal to introduce collective defined contribution (CDC) funds to the UK market. These moves open up great opportunities for consumers, advisers and providers. But they also present some serious challenges.

Good bye CPA

As we know, annuity purchase has been an option and not a ...Read More

The importance of being guided

By Martin Palmer, Head of Proposition, Corporate Benefits, Friends Life

Currently, it feels like if you blink you’ll miss another new development in the pensions landscape. Whilst the industry is still coming to terms with the Retail Distribution Review, the legacy review announced by the FCA and of course the big game changer that is auto-enrolment, the Chancellor announced further changes in his Budget – and then still more were revealed in the recent Queen’s Speech.

The changes announced as part of the Budget centred on radical plans to give people more freedom in how they take their benefits...Read More

Grumpy Old Pension Men: 26 April 2013

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Lifestyle Actuary

The trappings of fast paced city lifestyles rarely take into account the charm and elegance that a room, a dinner or a cup of tea can afford; characteristics lost to a by-gone era of debutante balls and black tie for dinner.

The Luddite

Sam Richardson looks into the up and coming and the outgoing of the technology and gadgetry world in 2014.

Travelling Actuary

This month travelling Actuary Eve Hartridge gives us the lowdown on what is unmissable in Melbourne. Follow Eve on Twitter @allaboutevie

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