Monthly Archives: May 2017
“Look after yourselves” – tough plans for the ageing-affluent.
Ditching Dilnot’s cap Ditching Andrew Dilnot’s proposed cap on the amount we pay for our long-term later life care is the biggest attack on wealth I can remember. Protecting personal assets at £100,000 is scant comfort when the … Continue reading
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Tagged andrew Dilnot, Conservative Manifeto, Dementia, inheritance, long term care, Prime Minister, Theresa May
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FAB Index provides voice of reason
FAB Index provides voice of reason amid wild speculation on future life expectancy First Actuarial’s Best estimate (FAB) Index remained relatively stable in April, showing a month-end surplus of £287bn across the 6,000 UK defined benefit schemes. The FAB … Continue reading
Tory Theresa gets tough on pensioners.
THERESA May will end the triple lock on pensions and use the money saved to help younger workers instead. It will be one of the most controversial parts of the Tory election manifesto being unveiled by the PM. She will … Continue reading
The purpose of pensions- served by Transparency.
Yesterday’s Transparency Symposium, organised by Family Agethangelou , delivered a series of insights on the Purpose of Pensions. The DWP were in attendance, I guess the political message was simple, we want pensions to meet people’s expectations of later life. … Continue reading
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Tagged Andy Agethangelou, assets, City, liabilities, pensions, Pensions Insurance Corporation, PIC, transparency TranparencyTF, Vanguards
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Hargreaves versus the “vanilla solution”.
I was amused when opening Linked in this morning to find a pension leads salesman offering “clients who had got compensated for fault SIPP investment and were looking to adviser to provide them with a “vanilla solution”. Just what … Continue reading
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Tagged Hargeaves lansdown, Tom McPhail, Vanguard, vanilla, vanilla solution
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Tata puts pensions first
Though the details of Tata’s offer to the members of the British Steel Pension Scheme (BSPS) are only sketchy , it is clear that they are focussed on members getting “PPF+” on existing benefits and a defined benefit pension … Continue reading
Posted in accountants, actuaries, pensions
Tagged British Steel, BSPS, John Ralfe, pensions, ppf, RAA, Steel, tata, TPR
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If it could go wrong – it did go wrong – a cracking night at Windsor races!
We all had a cracking night at the Windsor Races last night! The Plowman was bamboozled by the ticket website and ended up buying twice as many tickets as we needed. Most of our party were stranded at Waterloo … Continue reading
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“No more junkets if you cut our margins” – IFAs warned.
Delegates at PIMS 2017, a floating holiday for Financial Planners (and journalists), seem have been threatened . “Platforms will struggle to cut charges without affecting existing services”, Seven Investment Management (7IM) head of platform Verona Smith told advisers (including New Model Adviser to … Continue reading
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Tagged 7IM, FCA, IFA, platforms, Price, Technology, value, Value for Money
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Get us baby-boomers back to work!
The photo is of two college friends who had a full page splash in this weekend’s Sunday Times. Alison, was born a few days before me and we were at College together, Matthew met her at Mckinsey in the … Continue reading
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Tagged Alison Davis, baby boomer, Back to work, energy, ft, Fun, internet, Lucy Kellaway, Matthew Le Merle, older worker, Technology, Work
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Why the messages on pension fraud need all of us!
We will never know the extend of fraudulent pension liberation (the type where people’s retirement savings are liberated to the fraudster’s bank accounts). People who are scammed tend to keep that information to themselves, consigning themselves to the mental torment … Continue reading