Monthly Archives: January 2018
“Probing” IFAs is not enough; we need simpler more transparent transfers.
Allegations of “mis-selling” against IFAs are premature and unsubstantiated. My eye was caught last night by a linked in post by Andrew Warwick-Thompson, formerly of the Pensions Regulator. Here we go again. The personal pensions miss-selling scandal all over … Continue reading
For all the noise-news from BSPS is good!
Yesterday saw a number of documents published and statements made, confirming findings in Port Talbot but leaving many questions unanswered. But for all the noise, news published at the end of this blog is good- very good – it should make … Continue reading
Posted in BSPS, corporate governance, dc pensions, pensions
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Royal Society of Arts – submission on CDC
Royal Society of Arts (RSA) – Tomorrow’s Investor Programme Evidence to DWP Select Committee Inquiry into Collective Pensions We are delighted that the DWP Select Committee has decided to launch an investigation into the introduction of CDC pensions. For the … Continue reading
Tough choices for our Pension Minister
Despite the reshuffle, our Pension Minister, Guy Opperman is staying our Pension Minister. As pension celebs go, Opperman has been – so far – decidedly B-list; there is only so much time a Pensions Minister gets to acquaint himself with … Continue reading
Cauliflower steaks and their wrappers
CAULI -GOSH! Marks & Spencer have withdrawn their Cauliflower Steak product after an outcry from the public that at £2.00 for a third of a cauliflower, it represented poor value compared to a whole cauliflower available at £1.00. Today Mrs … Continue reading
Posted in pensions
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Hargreaves Lansdown’s rebuttal of CDC
The first two submissions on CDC published by the Work and Pensions Select Committee come from Henry Tapper and Hargreaves Lansdown. HL’s submission is here – as it appears on the W&P Select site. I don’t agree with it, but … Continue reading
Posted in pensions
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DB plans showing signs of “advanced senescence” – great stuff from Con Keating
Traditional funded private sector occupational DB pension schemes are showing signs of advanced senescence; they are proving mortal. We could debate the role of regulation, accounting and management practice in that decline, but there is little purpose, as the prospects … Continue reading
The impact of low pension savings on retirement incomes – Gareth Morgan
Income certainty and low pension savings There is concern, increasingly voiced, by some well-informed commentators, about some of the consequences of the pension freedoms. The complexity of choices, the lack of knowledge of most pension savers and the actions of … Continue reading
Posted in actuaries, advice gap, pensions
Tagged DWP, Gareth Morgan, Pension Freedoms, Universal Credit
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Bring back Ros! (with a twist)
Convictions before careers “Social mobility matters to me and our country more than a ministerial career. I’ll continue to work outside of government to do everything I can to create a country for the first time that has equality of … Continue reading
Posted in corporate governance, DWP, pensions
Tagged David Gauke, DWP, Esther McVey, Justine Greening, pensions, Social inclusion
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Offshore – out of sight? Angie Brooks shines light on rank bad practice.
OMI? OMG! SAME OLD, SAME OLD MUTUAL – SAME OLD LIES Old Mutual International (OMI) is at the heart of much of … Continue reading
Posted in advice gap, Blogging, pensions
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