by Stuart Fowler | Jun 17, 2018 | Miscellaneous
Spendthrift drawdown or frugal drawdown? Two different angles on the problem of misjudging how much to spend in retirement, when people are dependent on drawdown from their own capital, have surfaced recently. Writing in FTMoney, Merryn Somerset Webb thinks they...
by Stuart Fowler | Jun 15, 2018 | Miscellaneous
New consumer research shows 79% of retirees want a guaranteed income for life but only 10% expect to buy an annuity. An annuity guarantees an income for life. Is this plain ignorance or a general unresolved skittishness? We plump for skittishness. And we think it...
by Stuart Fowler | May 24, 2018 | Miscellaneous
Our submission to the FCA’s latest consultation on DB pension transfers (CP18/07) is . The new proposals are contentious and potentially far more significant than any before. Our general observation is that this makes the perfect the enemy of the good. It is...
by Stuart Fowler | Apr 3, 2018 | Miscellaneous
That’s what the FCA is telling us from the evidence of its file searches. This is shocking – if it’s true. We would like to understand better what’s really going on. So should financial journalists. Less than one fifth of transfers have been...
by Stuart Fowler | Mar 26, 2018 | Miscellaneous
Today’s FCA policy statement following its consultation on advice on pension transfers shows it has listened to some of the main objections to its proposals for strengthening a clearly fragile advice process but it will leave unsatisfied objections from both...
by Stuart Fowler | Mar 20, 2018 | Miscellaneous
For two days last week the The House of Commons Work and Pensions Select Committee heard evidence on the hybrid pension arrangement called Collective Defined Contribution or CDC. They saw what they needed to see but heard only what they wanted to hear. I hope this...
