Actuarial Post: Betting your pension

January 15, 2019 Tom Murray

Actuarial Post pension freedom pension funds annuities

Betting your pension This article was originally commissioned for Inner Workings, a monthly column written by Tom Murray, in the  December 2018 edition of the Actuarial Post.   The move by the government to reduce the shocking social side effects of fixed-odds betting terminals, mainly based in bookmakers’ shops, was welcomed by many in the UK as a good start in dealing with the issues that can arise from addiction to these machines.  Under the new law due to come into effect in 2019, the maximum stake will be reduced to £2, thereby requiring 50 losing spins to lose what could have been lost before on a single spin.
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Actuarial Post: Oz goes back to basics with Pensions - Life & Pension

August 10, 2016 Tom Murray

superannuation annuities uk annuities compulsory annuity pension

Oz goes back to basics with Pensions This article was originally commissioned for the July 2016 edition of the Actuarial Post.
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FCA surprised that doing nothing didn’t fix OMO!

January 08, 2016 Tom Murray

Pensions UK Retail Distribution Review Financial Conduct Authority Life and Pensions

FCA surprised that doing nothing didn’t fix OMO! The Financial Conduct Authority (FCA) have released data that shows that the majority of people purchasing annuities actually bought them from their existing provider and didn’t make use of the Open Market Option to shop around for a better deal.
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Investment Life & Pensions Moneyfacts: Lifetime Savings Product - A crystal clear concept

July 15, 2015 Tom Murray

Pensions UK tax relief Annuity retirement age

This article was originally commissioned and published in June 2015 for Investment Life & Pensions Moneyfacts publication. Tom Murray argues that merging ISAs and DC pensions to create a lifetime savings product would transform the savings landscape and bring some much needed clarity.
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TechLife Newsletter June 2015

June 04, 2015 Sharon Cronin

Channel Plus Illustrate Plus newsletter Pensions UK

The June print edition of TechLife is now available online. TechLife is published every quarter and is filled with news, opinion pieces, white papers and information on legislative changes within the life and pensions industry in the UK and abroad.
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2015 UK budget expands pension freedom strategy

April 23, 2015 Tom Murray

Pensions UK pension freedom Lifetime allowance Annuity

  Eat, drink and be merry for tomorrow we die... Oops, maybe not!
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Actuarial Post: What changes faster than technology?

April 20, 2015 Tom Murray

Pensions UK Life and Pensions Individual Savings Account technology

This article was originally commissioned for the March/April 2015 edition of the Actuarial Post.
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Living in “interesting times” in the pensions’ world

December 19, 2014 Tom Murray

financial products robert kennedy Pensions UK pensions world

The apocryphal Chinese curse, “May you live in interesting times” was quoted by Robert Kennedy in his famous “Day of Affirmation” speech [1]. In it he stated that although interesting times were times of danger and uncertainty, they were generally the most creative times.
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The ship has sailed on pension reform

December 10, 2014 Tom Murray

decumulation Pensions UK politicians politics

As we reach the end of 2014, it has become clear that the Pension Reform announced last March by the Chancellor George Osborne is here to stay. It is universally popular with retirees and no potential government can hope to get in without promising to maintain it. Only time will tell if it will lead to problems further down the road. As it stands, the people have welcomed the opportunity to take charge of their own financial affairs in retirement and will dismiss anyone who lectures them on their inability to manage their own money.
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Canada can learn from UK pension reforms

December 04, 2014 Tom Murray

RRIF Pensions UK Canada annuity rate

The UK Government has embarked on a major reform of the pension regulatory environment. Prior to this, the UK‘s policy was to encourage pension saving by giving tax breaks to regulated pension savings schemes, as a quid pro quo, but demand that the retiree use the money saved to support themselves through to death.
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