Professional Pensions (August 20)
“If we want our savers to make informed choices, we need to get them to understand the products and devices we’re using to help them save for when they aren’t working any more. That’s because they are going to have to make decisions (even if we created a limited choice framework), so we need to start using clear language now and getting used to it.” We must jettison the jargon. Those in the pensions world should no longer “languish in the luxury of our familiar phraseology understood only by cosy insiders.” It is time “to get into” their “hearts and minds and use the language of our saving community who need to know at all times what we’re talking about.”
Tags: Clear language, Decisions, Devices, Familiar, Hearts, Informed choices, Insiders, Jargon, Jettison, Minds, Pensions, Phraseology, Products, Save, Savers
New York Times (September 27)
Big money politics is reaching new highs in the U.S. “Top-tier Republican donors will pay $1.34 million per couple for the privilege of being treated as party insiders, while the Democratic Party will charge about $1.6 million.” Make that lows. “More big money can only leave less hope for voters concerned that the richest donors are buying ever more influence over politicians, with favoritism and corruption an inevitable result.”
Tags: Big money, Corruption, Democrat, Donors, Favoritism, Influence, Insiders, Politics, Republican, U.S., Voters
Financial Times (June 9)
“Shinzo Abe’s gamble to revive Japan’s economic fortunes faces its biggest test so far.” Moving on to his “third arrow” of fiscal/regulatory reform to stimulate the market is essential, but “politically, this is a tall order. Structural changes are bound to affect powerful insiders.”
Tags: Fiscal, Insiders, Japan, Market, Regulatory reform, Shinzo Abe, Structural changes
