Monthly Archives: February 2015

Why are we not talking about our pensions? An IFA’s view (guest blog)


On 6 April 2015, brand new rules that affect the way UK retirees can access their pension will come into effect. To assist people in generating their retirement income the government has guaranteed free guidance to all retirees, yet a … Continue reading

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

Pension transfers – are they worth it?


Britain is in great need of advice on transfers between one pension and another. This doesn’t just mean transfers from defined benefit schemes to defined contribution schemes, it means support in transferring pot to pot transfers for DC arrangements. Unless … Continue reading

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

First Actuarial party ; the photos you wish I’d deleted


“Judge advisers by advice , love them for their parties” That’s what I say, or would say if it weren’t for the pain in my head from last night’s First Actuarial Party. Thanks to Angela Sutherland and all our friends … Continue reading

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

A code of good practice for transfer advice?


  We are rubbish at financial risk and we know it. We take decisions on financial matters with as much confidence as betting on the horses and if our horse falls at the first we blame everyone but ourselves! Small wonder that … Continue reading

Posted in reward, risk | Tagged , , , , , , , , , , , , , , , , , , | 11 Comments

Cheap & cheerful might turn out to be expensive & miserable (guest blog from Ralph Frank)


    There has been much debate in recent times about the amount of effort employers should be putting into the selection of pension arrangements for their staff. The one extreme holds that employers are not pension experts nor do … Continue reading

Posted in pensions | 1 Comment

Why DB pension promises may need a credit rating.


How do you rate the creditworthiness of your scheme’s funding? Trustees of defined benefit schemes now have to properly assess the employer’s ability (and willingness) to fund the promises made to the members of the scheme. The assessment helps them in negotiations with the … Continue reading

Posted in de-risking, defined ambition, Pension Freedoms, pension playpen, pensions, Pensions Regulator | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Money in auto-enrolment? – the jury’s out!


This morning and regularly over the next few weeks, I will be speaking at Money Marketing Auto-Enrolment invitational events around Britain. These are the slides that I will  be using   Advisers and auto enrolment from Henry Tapper It’s odd … Continue reading

Posted in auto-enrolment | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Turning auto-enrolment information into knowledge


I  spend far too much of my life on the Pension Regulator’s website trying to narrow the information available to make people knowledgeable. It isn’t easy. ENGAGE  <iframe src=”//www.googletagmanager.com/ns.html?id=GTM-NQPC6C” height=”0″ width=”0″ style=”display:none;visibility:hidden”></iframe> From the moment you hit the site you … Continue reading

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

Let’s talk about risk – trustees, let’s talk about you and me..


Members cannot take exercise freedoms on pensions in payment so the decision to draw a DB pension is as irreversible as buying an annuity. Trustees need to make their members knowledgeable about their options. Continue reading

Posted in pensions | Tagged , , , , , , , , , , , , , , , , , , , , | 5 Comments

Why it’s harder to get knowledge than information


  Digital Guidance supports people taking tough decisions but it cannot take those decisions for them. Even when a decision is taken not to do something – like not to choose an investment strategy or pay voluntary contributions, people feel … Continue reading

Posted in pensions | Tagged , , , , , | 2 Comments