Category: Value for Money
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Workplace pensions were originally developed as an employee benefit, i.e. deferred salary to support those who could no longer work. However, without changing their essential role, they have changed in conception over the past few decades into a financial product, rather than part of an employment package. My sense is that this erodes both a…
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We’re expecting an update on the Value for Money framework in the upcoming pensions bill, alongside many other things… Put simply, the Value for Money framework is about focusing on net returns and not just costs. It’s simple, right? The Government sees that Master Trusts are competing on cost – if you charge above 0.4%…
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I was kindly invited to speak about DC reform at the Association of Consulting Actuaries annual conference last week in Manchester. As I was putting my slides together I came across an interesting point which was that three recent DC policy reform strands overlap with each other in scheme investment in UK businesses and infrastructure.…