Monthly Archives: August 2017
NEWS- Saving into a pension is what we WANT to do!
Well you may not find it news, but I do. I started out in 1984 selling pension policies to people who I met in Oxford Street and again at their homes. These people were promised ridiculous returns (13% pa on … Continue reading
Posted in auto-enrolment, pensions
Tagged auto enrolment, DWP, pensions, Steve Webb, workplace Pensions
3 Comments
BSPS2 – a superior kind of lifeboat?
The news that members of the British Steel Pension Scheme will have the choice between swapping their pension rights for participation in the Pension Protection Fund of a new Pension Scheme (code-named BSPS2) has been well flagged. It might seem … Continue reading
Posted in pensions
Tagged BSPS, BSPS2, CETV, Pensions Regulator, ppf, tata, TPR, trustees
2 Comments
Pot follows member (unless we want to keep it where it is).
In a statement this week on the sluggish service standards of firms administrating our Defined Contribution occupational pension schemes, the PLSA concluded The median transfer time is 11 days, and although some are much longer1, this is principally due … Continue reading
Posted in advice gap, pensions
Tagged Aegon, Origo, Pension Bee, PLSA, Pot follows member
2 Comments
Why employers must understand the value for money of their workplace pension
Among the remedies leading from the FCA’s Asset Management Market Study was a clear recommendation …that both industry and investor representatives agree a standardised template of costs and charges and we propose to ask an independent person to convene … Continue reading
Posted in actuaries, advice gap, NEST, pensions
Tagged chris sier, IGC, Imperial Tobacco, Obligation of gogod faith, trustee
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“He wouldn’t let it lie” – Con Keating returns to discount rates!
Earlier in the week, the Pension Play Pen had its monthly lunch, missing was Con Keating who was busy explaining to his daughters why they had nothing to fear from the supposed deficit in the USS pension scheme. Con’s voice … Continue reading
“Pot follows member”? Who are you kidding? Pension Bee blows the lid on DC transfers.
We’ve had fuss about how hard it is to move your bank account, we’ve had fuss about how hard it is to switch utility supplier, but how hard is it to merge your pension accounts so that your pot follows … Continue reading
Posted in advice gap, pensions
Tagged conoslidation, Hargreaves Lansdown, Pension Bee, pension playpen, platform, Pot follows member, Transfer
2 Comments
“Ex abundanti cautela” – Con Keating’s words of comfort to USS members
The use of Latin tags in titles is frowned on by this blog. But as Con is well-loved we will permit him one this once. If you want to know what “ex abundanti cautela” means, follow the link. Not all members … Continue reading
Posted in pensions
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Pension Dashboards need clear next steps
The stock market keeps going up, our DC pensions keep going up, every morning I have a peek at my private pension dashboard with L&G and go whoop! There may never be such a time as this morning to … Continue reading
Posted in pensions
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A message to USS members from Bill Galvin
This message went to members of the University Superannuation Service pension scheme last week. It contains many of the message that this blog has tried to put over (rather better!). It also provides an answer to the question of … Continue reading
Con Keating;- how we should value large DB schemes
There are a number of issues which get confused in the valuation debate. So to clarify, the start point is that a DB pension is a fixed claim in the sense that a bond issue or debt is fixed. … Continue reading
Posted in pensions
4 Comments