Monthly Archives: June 2017
CETVs; the flight from quality
Both the Times and the Financial Times report today on the anticipated voluntary withdrawals from Britain’s DB pensions through cash equivalent transfer values (CETVs). The FT, relying on Mercer as a source, estimate the withdrawals to be as much as … Continue reading
Posted in actuaries, advice gap, pensions, Treasury
Tagged CETV, contingent fees, DB, defined benefit, Ros Altmann, Scam, transfers
6 Comments
Pension promises- “second hand not second rate”.
There’s an old Elvis Costello song (Senior Service) which talks about the DWP They took me in the office and they told me very carefully The way that I could benefit from death and disability I thought of it as … Continue reading
Posted in advice gap, pensions
Tagged David Blake, Economist, Elvis Costello, FABI, PPI, Second best
2 Comments
@theFCA- #transfers-NOT GOOD ENOUGH
The FCA has produced a measured, thought-through but ultimately facile paper on transfer advice. The FCA did not make it to the Great Pensions Transfer Debate and it is just as well that this paper was published after not before … Continue reading
Posted in pensions
3 Comments
A single guidance service
The simple idea of merging the functions of The Pension Advisory Service, Money Advice Service and Pensions Wise under a single “Guidance” banner makes a lot of sense. It acknowledges that the current situation is working too well and supposes … Continue reading
The Earth isn’t flat. How contingent fees can deliver the best outcome for customers – Peter Doherty
“This article has been sent me by Peter Doherty, CIO of Tideway Investment Partners It makes the case for fees for transfer advice only to be charged in the event of a completed transfer and not in the case of … Continue reading
Posted in advice gap, pensions
Tagged Continggent fees, Peter Docherty, Tideway, transfers
6 Comments
Diverse, responsible and capable; the UK IFA is in good shape @ #pensiondebate
It took me till yesterday’s Great Pension Transfer Debate to properly understand the strength of our personal financial advisory profession. Nearly 250 IFAs gave up a day to learn and share experience advising clients about their defined benefit rights. … Continue reading
We are not liabilities!
Travelling up from London to the East of England Showground for the Great British Transfer Debate. Al built it – we came! Struggling with technology after my phone was claimed by Europe’s biggest glacier , 200 miles east … Continue reading
Posted in pensions
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Tomorrow – the Great British Pension Transfer Debate!
Putting together the Great Pension Transfer Debate with Al Rush has been the most rewarding part of my job these past few weeks. This is mostly because of Al, who sums up for me not just the Great British … Continue reading
If GCHQ have a strategy, and the M.O.D. insist on it, why wouldn’t Pension Trustees adopt it too?
This blog is from Mark Bambury, a fine actuary who I worked with 12 years ago. It raises important questions about how we protect our data. Lessons from history I have some papers at home from my French wife’s Great Grandfather; … Continue reading
Posted in pensions
2 Comments
Pensions need trust not more blue-sky concepts.
I’ve received a request from a journalist I’m working on a programme about pensions that needs to be ‘blue sky’, conceptual and not mention the word pension I’m familiar with this kind of thing. There’s a view in the world … Continue reading