Monthly Archives: November 2017
Bread today and jam tomorrow?
It’s good news to hear that the Sier Review on cost disclosure is six months ahead of schedule. The scope of the project is substantial and from Chris Sier’s speech to a forum of Pension Trustees last week, it … Continue reading
Posted in pensions
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Practical help for practical people- what we hope to do for BSPS members.
What Al Rush and I are up to I’ll be taking up to a week off over the next fortnight – partly because I have to and partly because I relish the opportunity of scooting around the country doing what … Continue reading
Posted in advice gap, BSPS, pensions
Tagged BSPS, BSPS2, Facebook, pensions, Port Talbot, ppf, tata, Tata steel
7 Comments
If you were a Steelworker -what would you do? Play Pen lunch – Monday 6th Nov.
At Monday’s Pension Play Pen lunch we will be putting ourselves in the position of the 133,000 members of the British Steel Pension Scheme and asking ourselves “what would I do”, take a transfer, move to BSPS2 or do … Continue reading
Posted in pensions
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Don’t let this be you.
This is a submission to Government from someone who fell victim to a pension scam. The questions from Government are emboldened, otherwise I have left the statement as it was sent to me. It has been circulated with he intent that … Continue reading
Posted in advice gap, pensions, Pensions Regulator, pot
Tagged IFA, Malta, Pension Wise, QROPS, Scam
2 Comments
First Actuarial warns on knee-jerk reactions to the interest rate rise
With the Bank of England doubling interest rates, First Actuarial predicts a flurry of good and bad pension headlines, but warns of misguided optimism on funding and a rush for the door fuelled by pessimism about transfer values. Good news … Continue reading
Posted in actuaries, advice gap, FCA, pensions
Tagged assets, FABI, first actuarial, knee jerk, liabilities, pensions
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BSPS2 is not a lame duck – people should not feed the pike.
This tweet was put on social media by John Ralfe last night. More people read my blogs than read John’s tweets and there is a good argument for letting this idiocy lie. However, it is important that little rumours are … Continue reading
Posted in actuaries, advice gap, pensions
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Do you want to advise BSPS members in their “time to choose”?
This blog is for financial advisers, though anyone, including BSPS members, may find it useful. Financial advisers are urgently required by these members who are in their “time to choose”. There are two self-help groups for BSPS members. One is for all … Continue reading
Posted in advice gap, BSPS, pensions
Tagged BSPS, financial advice, pensions, Quietroom, Time to Choose, transfers
9 Comments
Should your firm appoint a captive IFA?
Employee benefits used to be simple, so simple that you didn’t need an adviser to tell you when you could retire, what happened if you got sick or the consequences of you dying while “in service”. That has changed. In … Continue reading
Posted in pensions
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