Category Archives: Illustrations

Failing to Illustrate a Simple Truth

Projected growth rates in illustrations are being cut to 2%, 5% and 8% per annum, delivering a supposed cold dose of reality. I can’t really agree. The rationale for reducing the assumed investment returns is that we have been in … Continue reading

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How consumers really decide

Appalled by the FSA’s belief that key features illustrations and the requirements set out in its consultation paper CP12/05 (chapter 5 -pension scheme disclosure proposals) will actually help consumers make good decisions, I produced this real-world, personal example of how consumers really make decisions … Continue reading

Posted in Behaviour, Illustrations, Pension rules, Personal, SIPPs | Tagged , , , , , | 1 Comment

Effect of Charges or Enormous Obstacle to Contributions?

As if it weren’t already hard enough to get people to give up instant gratification to save for their retirement, pension illustrations come with a piece of absolute hocus pocus surely designed to finish the job of putting people off: … Continue reading

Posted in Behaviour, Illustrations, Pension policy | Tagged , , , , , | 1 Comment

Illustrations: 4 ways to mislead your clients

Forget CP11/03 or the Board for Actuarial Standards TM1, let’s take a step back, so we can see the wood for the trees, and ask a disarmingly simple question: what are illustrations for? Most would probably answer (1) to show … Continue reading

Posted in Education, Illustrations | Tagged , , , , | 3 Comments

Do you trust your SIPP illustration? Why?

Have you ever thought about it? I mean, who checks these things? And if no one has checked them, how do you know they’re right?   Ok, SIPP providers have to be authorised by the FSA – but that doesn’t … Continue reading

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