From the TUC

Pensions & Investment

Pensions – where next?

25 Mar 2014, by in Pensions & Investment

I worried that I might be a lone voice in my concern about the pensions changes announced in the budget, but if anything criticism has grown in recent days. I have also realised that I share a common agenda with at least some of those who have been cheering the Chancellor for ending compulsory annuities…

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A pensions disaster in the making?

21 Mar 2014, by in Pensions & Investment

I am more and more concerned about the budget changes to pensions. My initial reaction was one of worry – now I am both alarmed and angry. The policy proposals are worrying because they take pensions policy in entirely the wrong direction – back to the 1980s. The policy process rips up a painfully constructed…

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This is not a pensions strategy

19 Mar 2014, by in Pensions & Investment

There is a big shake-up of pensions in the budget, particularly for defined contribution or DC pensions, which are set to grow in importance as auto-enrolment spreads. (DC pensions build up an investment pot while people are working, which then have to be turned into pension income when people retire.) Janet has already looked at…

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Can we make the annuity market work?

17 Feb 2014, by in Pensions & Investment

People who save in a Defined Contribution pension scheme build up a savings pot while they are working and contributing. When they retire they need to turn their savings into pension income. Most do so by buying an annuity from an insurance company. An annuity is a promise to pay a steady income until death.…

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