Monthly Archives: December 2016
Why some transfer values are (ridiculously) high.
A cash equivalent transfer value (CETV) is a right of anyone in a defined benefit pension scheme. The following explanation is taken from the Pensions Regulator’s website. A CETV represents the expected cost of providing the member’s benefits within the … Continue reading
Posted in pensions
Tagged Border Wall, CETV, DB, defined benefit schemes, pensions, Ros Altmann, Trump
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The curse of the transfer value!
There is a curse to having money that was bequeathed us by the later Chancellor. It is called “freedom” and it applies to the rights that baby boomers have in final salary schemes. It’s not just those in their fifties, many … Continue reading
The IGCs must not slip into the pocket of their provider
I hear worrying reports of various IGCs meeting and pronouncing their tasks “too hard”. Phrases such as “I don’t know how this would play with my provider” have no place in an IGC’s lexicon but they are reported as littering these … Continue reading
Advisers turn the key to the FCA’s fund governance condundrum.
One of the recent themes of this blog is “What rights we have over “our money”. John Kay’s book – “other people’s money” argues that the money held on account by asset managers should always be considered as held in trust … Continue reading
Posted in pensions
Tagged adviser, Asset management, FCA, Fund, fund governance, Ownership, platform
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How to get out of auto-enrolment (without a penalty notice)
As everyone knows – I am a fan of auto-enrolment and have made my living through http://www.pensionplaypen.com helping employers engage with workplace pensions and encouraging compliance. The rest of my blog is not an encouragement to small businesspeople … Continue reading
Posted in pensions
Tagged auto enrolment, director, exempt, NEST, penalty notice, pensions, sole director, TPAS
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Taking possession; how’s Workie performing ?
There’s an urban (pension) myth that it’s not until your pension is worth as much as your car that you take any notice of it. My car has been written off twice and has a scrap value of £1000 so … Continue reading
Posted in auto-enrolment, pensions
Tagged defaqto, first actuarial, Investment, NEST, pension playpen, Performance, Workie, workplace pension
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