Pensions D-Day: Using 20/20 hindsight to prepare for a 2020 vision

As this was the 75th anniversary of the Normandy landings, James explored next year’s anticipated D-Day for pensions, (the ‘D’ stands for ‘Default Investment Pathways’). These are one of the ‘remedies’ proposed by the FCA as part of their Retirement Outcomes Review to help those consumers who go into drawdown on a non-advised basis.

James addressed the implications of this for Advisers, starting by looking back on how the profession dealt with ‘A-Day’ (2006), ‘B-Day’ (2011) and ‘C-Day’ (2015). James had been in the pensions professional throughout so produced some interesting old articles and brochures that he’s written in relation to each. He then explained how the experience gained through those tumultuous changes could equip Advisers for the possible regulatory battles that may lay ahead, with D-Day looming in 2020.

In keeping with the anniversary, he even brought along some original ration books and threatened us all with corned beef sandwiches and tea for an authentic D-Day lunch.

It was a popular event attended by 35 members and guests and the talk went down very well. And thankfully, there was no corned beef in sight!