Category Archives: advice gap

Why the FCA should take a leaf out of tPR’s book.


  The Pensions Regulator have been re-born over the last five years and become focussed on helping advisers, trustees and employees solve pension problems. They have started treating us as  customers and not potential criminals. Sadly, this attitudinal shift doesn’t seem … Continue reading

Posted in advice gap | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Can IFAs create their own profession?


James Walker  has published BWD’s assessment of the prospects for firms offering financial advice as their core product. He paints a picture of rising regulatory costs and sluggish growth prospects preventing IFA practices from employing the young blood to refresh it. Last … Continue reading

Posted in advice gap, FCA, Financial Conduct Authority, First Actuarial, Personality | Tagged , , , , , , , , , , , , , , , | 3 Comments

IFAs and actuaries – as easy as “A Cap B”.


For half of the 30 years I’ve been advising people, I was paid by private individuals to help them take difficult financial decisions. For the other half, I’ve been paid by employers to help their staff take difficult decisions. This … Continue reading

Posted in actuaries, advice gap | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

One week on- how was “freedom” for you?


More questions than answers The Pension PlayPen met as usual in the Counting House to discuss our experiences of Pension Freedom to date. The consensus – more questions than answers. Call volumes to the insurers have over-shadowed what the Government … Continue reading

Posted in advice gap, pensions | Tagged , , , , , , | Leave a comment

“How were those freedoms for you?” – Two events to help us find out!


The press offices of all the major insurers have been busy printing announcements of how they have seen a tenfold increase in enquiries about pension benefits this week. Pension Wise has been open for bookings and Michelle Cracknell and the TPAS … Continue reading

Posted in advice gap, annuity, Australia, pensions | Tagged , , , , , , , , , , , , | Leave a comment

Two thirds of SMEs are pension virgins.


New research is out on the purchasing intentions of the remaining 1.2m employers who aren’t “in” to auto-enrolment. Of the  SMEs surveyed who are yet to stage, two thirds (66%) don’t have any existing pension arrangements for their staff while … Continue reading

Posted in accountants, advice gap, auto-enrolment, DWP, Payroll, Pension Freedoms, pension playpen, pensions, Pensions Regulator | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Help is on its way.


For Britain’s flummoxed pensioners- help is on its way! Continue reading

Posted in advice gap, Pension Freedoms, pension playpen, pensions, Popcorn Pensions | Tagged , , , , , , , , , , , , , , | Leave a comment

FINANCIAL UNDERSTANDING – what one insurer’s doing to improve things.


A lot of people think that big financial institutions prey upon the ignorance of the public. Many have, many have treated their customers as seals to be clubbed on the beach. Part of the problem for insurers was that they … Continue reading

Posted in advice gap, Blogging, dc pensions, pensions | Tagged , , , , , , , , | Leave a comment

Will pension freedoms be the death of Defined Benefit?


  I thought it was the last supper (or at least the last pension playpen lunch). We had twelve men around the table (no women) and there was sombre expectation as we considered the impact small changes in tax legislation … Continue reading

Posted in advice gap, pension playpen, pensions, Pensions Regulator | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Let my money go!


  I woke up to news that the Pension Play Pen RBS bank account can now be accessed by my iphone using fingertip security. Apparently mobile technology has outwitted clunky old pc technology which makes my thumb all that stands between … Continue reading

Posted in advice gap, Pension Freedoms, pension playpen, pensions | Tagged , , , , , , , , | 2 Comments