People’s Pensions

People’s Pensions is the podcast that discusses how to improve pensions for people across the UK. In each episode, Phil Brown is joined by experts from inside and outside the industry to look at some of the big issues in pensions and discuss how to ensure people have enough to live on once they finish working.

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Some people think pensions are confusing.

Some don’t even want to think about them at all.

But when you stop working, pensions become very interesting.

Phil Brown has been talking about pensions for over 30 years. He thinks pensions should be straightforward and accessible. 

In this podcast he and his guests explain how the pensions world is changing.  

 

 

Episodes

3 days ago

There’s been a real buzz in the pensions world following research by People’s Partnership – who provide the People’s Pension.
The research suggested that people could be left more than £70,000 poorer in retirement because they don’t understand charges when transferring their pension.
Many people who’ve recently transferred didn’t know what fees applied to their old pensions or the new one they’d signed up to. And that lack of transparency might leave them out of pocket in the long run.
So, should charges be more transparent, and how should regulators react to this new evidence?
Phil Brown’s guests are Patrick Heath-Lay from People’s Partnership who commissioned the study and Janette Weir of Ignition House who carried it out.

Monday Feb 12, 2024

This time on the People’s Pensions podcast – we’re talking about the new kid on the pensions block. Collective Defined Contribution Pension schemes – CDC.
Similar schemes have been used in Canada and the Netherlands – they were introduced here in the 2021 Pension Act and the Royal Mail is the only scheme which has been authorised at the moment.
CDC is a pooled risk plan – the choice of investment is made by professionals and it gives members security of a pension income for life.
Today Phil Brown is talking to Rob Yuille and Maria Busca from the ABI who have been doing research into whether CDC is the way forward.

Wednesday Jan 03, 2024

Happy New Year to all the People’s Pension Podcast listeners. But what sort of 2024 have we got in store? How will the reforms of the pension industry fare in what’s likely to be a general election year?
Will pensions feature in party manifestos?... And what would a change of government mean for consolidating the pensions market, value for money and even the triple lock?
Time to get out our trusty People’s Pension crystal ball. Phil Brown is in charge, as usual, alongside leading pensions expert and media commentator Tom McPhail, the director of public affairs at Langcat along with pensions and investments specialist, Charlotte Moore.

Tuesday Dec 19, 2023

So, it’s time to look back on the pensions landscape after a year of big policy announcements and consultations. A lot has happened in 2023, in particular the Mansion House reforms and the Autumn Statement that followed.
The government wants to consolidate the marketplace and get pension funds to invest more in the UK to stimulate the economy.
Time for a stock-check of where we are now. Phil Brown enlisted the help of leading pensions expert and media commentator Tom McPhail, the director of public affairs at Langcat - along with pensions and investments specialist, Charlotte Moore.

Thursday Dec 07, 2023

On this podcast, we often talk about how members of pension schemes aren’t really engaged with their savings. Sometimes it’s because they find the financial world so confusing.
So how about this for an idea… a book, aimed at small children, teaching them how to look after their money.
It’s been written by Sonia Rach, a journalist at the FT Adviser. Phil Brown caught up with Sonia to talk about the book and about how we get young people to start thinking about money matters.

Wednesday Nov 22, 2023

All the news ahead of the chancellor’s autumn statement was about potential tax cuts, but in the wake of the Mansion House reforms, many inside the pensions industry were interested to hear the government’s latest thinking.
As expected, the government says it will stand by the state pension triple lock in full, with pensioners receiving an 8.5 per cent increase from April 2024.
However, much of the detail was about consolidating the pensions industry. With a consultation on giving workers a 'pension pot for life' instead of being forced into an employer-chosen scheme.
Here to guide us through the details is Phil Brown and his guests, Gregg McClymont, a former shadow Labour pensions minister who is now with Australian pension funds owned infrastructure investor, IFM and Tim Gosling, Head of Policy at People’s Partnership.

Thursday Nov 16, 2023

The pensions industry’s been working hard on public engagement in recent years.
The first Pensions Engagement Season in 2022 used rapper Big Zuu as its poster boy in a bid to make people sit up and listen and ‘pay their pensions some attention’.
The second Pensions Engagement Season has just taken place – and we wanted to find out if the campaign is striking the right note. Is it having an impact?
Phil Brown’s been speaking to two people behind it: Hetty Hughes from the Association of British Insurers and Joe Dabrowski from the Pensions and Lifetime Savings Association.

Tuesday Oct 31, 2023

On today’s podcast we’re talking about the expansion of auto enrolment. Auto enrolment was first introduced in 2012 and since then has transformed UK pension saving with nearly 11 million people enrolled.
Now a Private Members’ Bill has successfully passed through parliament, reducing the age when auto enrolment can start and enabling pension saving to begin from someone’s very first job.
The Bill was taken through the House of Lords by Baroness Ros Altmann. Phil Brown has been talking to her about the impact of the changes.

Monday Oct 16, 2023

It’s conference season. A busy time fore those wanting to bend politicians’ ears about the way forward for the pensions industry.
Our very own pensions guru Phil Brown has been doing the rounds – and more often than not he’s bumped into Nigel Peaple from the Pensions and Lifetime Savings Association.
So ahead of the PLSA’s very own conference, Phil met up with Nigel to hear what he’s been lobbying about. They also discussed the mood of the Conservative and Labour conferences as we head towards a general election year.

Thursday Sep 07, 2023

Wouldn’t it be great if there was a simple measure of whether a pension scheme was worth investing in? It’s not just a case of which scheme charges the least. Quality of service is also important and so is the performance of investments.
All this is the aim of the Value For Money framework. The government hopes the VFM measure will help those running pension schemes to improve, encouraging competition and driving under-performing schemes from the market.
Which all sounds like good news. But coming up with the right way to measure VFM is a hot topic. Which is why Phil Brown met up with Darren Philp, policy expert and self-confessed pension geek.

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