Monthly Archives: July 2017
Who wins from platforms?
I enjoyed reading the FCA’s Terms of Reference for its Platform Market Study, it posed many questions and I’m looking forward to the answers. Few investors properly understand what platforms are , what they do and how much they … Continue reading
Posted in advice gap, pensions
Tagged advice, Equitable Life, FCA, Hargreaves Lansdown, non-advised, platforms, platforum
6 Comments
Pension = Wage for life
Sloppy journalism confusing readers. A quick scan of the Daily Telegraph’s Money Pages leaves me hopeless at its hapless reporting of pensions. Somebody should sit down with the whole personal finance team and read them the riot act. Take Mike … Continue reading
Posted in actuaries, advice gap, pensions
Tagged CWU, dumbing down, pension, Philip Hammond, public sector, Salary, Wage for life
4 Comments
A wage in retirement or freedom from pensions?
Yesterday I wrote about one aspect of the dispute between Royal Mail and its workers – the difference in opinion between the two sides on how postal workers are financially supported in retirement. It appears very simple; Royal Mail want to … Continue reading
Posted in pensions
Tagged CDC, CWU, pension, pension scheme, pensions, Retirement, Royal Mail
2 Comments
Postmen want to strike – is it any wonder?
Maybe it’s because they’ve been reading the FCA’s report on Retirement Outcomes. Maybe the FCA have been talking with them. Either way, the 140,000 postal workers in the Royal Mail scheme don’t want a pension when they pack up their … Continue reading
Innovative pensions for the mass of us!
In its Retirement Outcome Review (interim report), the FCA were clear on evidence of a problem The blame lies not with thick consumers but with lack of competition If competition is not working effectively and consumers make uninformed retirement income decisions this could lead to … Continue reading
Posted in advice gap, auto-enrolment, DWP, pensions
Tagged CDC, DWP, FCA, GAD, NEST, pensions, Scheme Pensions, Treasury
8 Comments
This market failure’s not about advice but product.
The FCA paper on structural problems with the pension freedoms that I wrote about yesterday, is the first evidence of Government admitting all in this garden is not rosy. What has happened since 2015 is an increase in people hammering … Continue reading
Posted in advice gap, CDC, pensions
Tagged advice, annuity, CDC, Drawdown, financial advice, Target Pensions, wealth management, wealth manager
5 Comments
Freedoms;- the Treasury got us into this mess, can the FCA get us out?
It is good that the FCA are looking at the introduction of Pension Freedoms through experience. Here’s what they’re finding. Over half – 52 per cent – of fully withdrawn pots were not spent but were moved into other savings … Continue reading
Why I feel sorry for Matthew Taylor.
You can’t help feeling sorry for Matthew Taylor. He took a job with some certainty that he would get the support of his Prime Minister and while Theresa May turned up for his press conference, her speech was more about her … Continue reading
Social Housing? Pensions? Read this!
This is from my main man, Neal Thompson. Neal is sh*t off a shovel when it comes to this stuff. Much the most knowledgeable fellow I’ve ever met on social housing and pensions. Devonshires are one of those … Continue reading
Posted in pensions, Public sector pensions
Tagged Devonshires, first actuarial, pensions, Social housing, UK
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