Monthly Archives: July 2017

No demand, no supply, no advice- wonder why?

Posted on July 31, 2017 by henry tapper

No demand? We learn today that advisers are not demanding providers rebate them portions of their client’s funds to pay for their pension related services. This is really odd; as pension funds are tax-advantaged and investors are missing out on tax-advantaged … Continue reading →

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

Is the University Superranuation Scheme suffering fantasy deficits?

Posted on July 31, 2017 by henry tapper

First the big picture Universities aren’t going away, nor are the people who teach in them, administrate them and provide the infrastructure that keeps them going. Many of our universities have survived wars, plagues, great fires as well as many … Continue reading →

Posted in accountants, actuaries, advice gap, pensions, Public sector pensions | Tagged , , , , | 14 Comments

Prudential RideLondon – we cyclists can behave!

Posted on July 30, 2017 by henry tapper

  I spent Saturday in the saddle of a Boris Bike, rotating through the Cities of Westminster and London along with thousands of others. I saw one accident and didn’t hear one angry voice. Though we reduced in numbers as … Continue reading →

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Planning for a noble and quick death?

Posted on July 29, 2017 by henry tapper

  The FT has been doing some research about what motivates people to swap a pension for drawdown. The sample may not have been big but they’re drawing a strange conclusion. The superiority of the death benefits within drawdown are … Continue reading →

Posted in Facebook, First Actuarial, pensions, twitter | Tagged , , , , , , | 3 Comments

To deferred members of the British Steel Pension Scheme

Posted on July 28, 2017 by henry tapper

                                                                            A message from my good friend Angie Brooks   Here at Pension Life, my team and I spend all day every day trying to rescue victims of pension and investment scams. Many of these people have lost most … Continue reading →

Posted in pensions | 4 Comments

First Actuarial – “scaremongering on solvency is driving people to cash-out their DB pensions.”

Posted on July 28, 2017 by henry tapper

  In a week when we learned pension freedom withdrawals hit a record £1.9bn, First Actuarial warns advisers’ exaggerated concerns about the ongoing viability of defined benefit (DB) schemes is contributing to the recent surge in people cashing out. A … Continue reading →

Posted in accountants, actuaries, advice gap, pensions | Tagged , , , , , , | 6 Comments

Why save more unless we’re told how we’ve done so far?

Posted on July 28, 2017 by henry tapper

I am very excited. I’m excited because I am at last seeing a way to get information on pensions to the people to whom it matters, ordinary people including the small employers who have currently little access beyond that they … Continue reading →

Posted in pensions | Tagged , , , , | 1 Comment

Why should frustration blight the pension promise?

Posted on July 27, 2017 by henry tapper

I have been following a series of tweets from Jo Cumbo; they concern an interview with a man who has recently “encashed” his pension with the cash being invested in a drawdown product. He is 57, has worked for British … Continue reading →

Posted in pensions | Tagged , , , , , | 6 Comments

The Pension Regulator should not market workplace pensions.

Posted on July 26, 2017 by henry tapper

  In his statement to announce his scheme’s withdrawal from tPR’s list of workplace pension providers Morton Nilsson claims NOW: Pensions has always been a huge supporter of the master trust assurance framework and was one of the first providers … Continue reading →

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“NOW and then” ; why one big master trust is “off the list”!

Posted on July 25, 2017 by henry tapper

News that one of the “big three master trusts ” was closing a significant door to new business, came as a surprise to auto-enrolment practitioners. NOW claimed to have voluntarily withdrawn itself from the Pension Regulator’s master trust assurance list, meaning … Continue reading →

Posted in now, pensions | Tagged , , , , , | 3 Comments