Malcolm McLean

Malcolm McLean: How to make pensions system fairer for women

Male and female state pension ages have finally equalised but the same cannot be said for the retirement incomes they receive Although the age at which men and women can claim the state pension has now equalised, the same cannot be said about the overall levels of pension income the different genders receive. Historically, women […]

Malcolm McLean: Complex rules need simple explanations

“Pensions are not rocket science. They are basically very simple. For most people, they are nothing more than a means of putting money aside during their working years to give them an income in retirement.” Is this statement fundamentally true? Well, yes, in theory at least. Obviously, pensions are not rocket science. It is just […]


Malcolm McLean: Beware the gathering Sipp storm

The news that Sipp provider GPC Sipp is facing around 150 legal claims for compensation in relation to losses incurred from unregulated investments in the Harlequin property fund will be ringing alarm bells in many offices. The case is expected to enter the courts early next year and follows a number of other yet-to-be-concluded court […]

Malcolm McLean: Does CDC have a future in the UK?

The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]


Malcolm McLean: We must learn to live with the freedoms

Any neutral observer watching the recent Work and Pensions Select Committee’s inquiry on pension freedoms could be forgiven for feeling more than a little confused. According to the various witnesses who attended, it was possible to conclude the freedoms were either a long overdue and much needed reform or, at the other extreme, an unmitigated […]