Monthly Archives: January 2016
What about a “Retirement Income Alliance”
Malcolm Small is what can best be called an “operator”, a “smooth operator” at that. He is very clear thinking and he presents cautious solutions to big problems in an elegant way. I’ve known him for a few years … Continue reading
Posted in pensions
Tagged Malcom Small, Martin Lewis, moneysavingexpert, Paul Lewis, Pension Wise, pensions, RIA, TPAS
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Has the secondary annuity market found its problem? Guest blog by Ralph Frank
The Financial Conduct Authority (“FCA”) recently published its Retirement Income Market Data for the third quarter of 2015. The Data reflects that 68% of retirees over the period cashed in their pension savings in full. Many of those who withdrew … Continue reading
Would you buy a recovering alcoholic a large vodka?
Offering IFAs the prospect of commission is akin to running a meeting of alcoholics anonymous in a pub. Continue reading
Posted in pensions
Tagged advice, Business, Business and Economy, Commission, IFA, IFAs, Paul Lewis, Pension new, pensions, RDR, Retail Distribution Review, Retirement
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Is work – are pensions (and is life) fair?
Reading the scope of the DWP Select Committee’s new enquiry into intergenerational fairness had me grasping for my video copy of the Meaning of Life. The inquiry aims to answer the question of whether the current generation of people in … Continue reading
Posted in pensions
Tagged DWP, Fairness, Frank Field, Monty Python, Paul Lewis, Steve Webb
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and every WASP will have her day!
There will be a further debate on women’s state pension ages in the Westminster Hall of the House of Commons. The precise wording of the #WASPI Petition Debate, taking place in Westminster Hall on 1st Feb, led by @HelenJonesMP pic.twitter.com/Ar4Kw2E9Ba … Continue reading
All at sea! TPR’s “Trafalgar” for maritime and offshore workers.
Well done Lesley Titcombe and hurrah for our best naval victory since Trafalgar! Continue reading
Posted in auto-enrolment, now
Tagged auto enrolment, Business, de-risking, DWP, Employment, Financial services, Lesley Titcombe, National Employment Savings Trust, NEST, offshore workers, pension, Pension Poverty, Pension Regulator, pensions, Politics, Retirement, Ros Altmann, Seafarers, Society, TPR
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Pensions need to be sold for the sausage not the sizzle.
A great observation from Steve Groves, CEO of partnership this morning. @henryhtapper @tcfDAN @clivewaller healthy people were buying to early. Lie expectancy increased 10yrs and annuitisation age didn't move… — Steve Groves (@Sjg3G) January 12, 2016 By “buying” Steve means … Continue reading
Posted in pensions
Tagged advice, annuity, auto enrolment, Business, Business and Economy, dc pensions, DWP, Employment, Financial services, Government, National Employment Savings Trust, Pension new, pension playpen, pensions, personal pension, Retirement, Sausage, sizzle, Steve Groves
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“Confusion rife!” and not just over the new state pension.
The DWP Select Committee has published its report “Understanding the New State Pension” this morning. The accompanying Press release calls for clear statements of entitlement while stopping short of calling for changes to those entitlements. The Work and Pensions Committee’s … Continue reading
Posted in pensions
Tagged annuity, auto enrolment, Business, dc pensions, Defined benefit pension plan, DWP, DWP select committee, Employment, Financial services, Frank Field, National Employment Savings Trust, New State Pension, pension, Pension new, pensions, Retirement, Ros Altmann, state pension, Steve Webb
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A right to debate or a right to restitution? #WASPI
For many of us, men retire at 65 and women at 60, that was hard coded into our learning like the multiplication tables and it’s clearly quite hard to unlearn. Steve Bee makes a good point on twitter "When is … Continue reading
Posted in pensions
Tagged Alan Higham, Debate, DWP, Employment, Government, house of commons, Men, pension, Pension new, pension playpen, pensions, Pensions Minister, Retirement, rights, Ros Altmann, SPA, State Pension Age, steve bee, Steve Groves, Steve Webb, WASPI
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The FCA report on the use of Pension Freedoms – sad but not shocking.
The data that the FCA supplied last week about the choices people are taking with their retirement savings isn’t surprising – but it’s still shocking! Nearly nine in ten savers accessing their retirement pots under the pension freedoms are using … Continue reading
Posted in pensions
Tagged DWP, FCA, lamborghini, Pension Freedoms, Pension Wise, pensions, Trabant, Treasury
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