Monthly Archives: March 2018
Transfer carnage at BSPS – the truth revealed
The full impact of transfers on the British Steel Pension Scheme has been revealed in this perfunctory tweet The British Steel Pension Scheme has paid just over £1.5bn from around 4000 DB transfers to date. Around 3700 transfers still to be processed. … Continue reading
Westminster rocks as Minister pledges support for CDC.
There was a good news story playing out in Committee Room 6 of the Westminster Palace yesterday morning. A good news story, that is, if you fancy a pension from your workplace pension scheme. … Continue reading
Posted in pensions
Tagged CDC, Frank Field, pensions, Ronan Keating, Ronan O'Connor, westminster
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When enough isn’t enough – thoughts on #NoCapitulation
Is the USS really in crisis? I was disappointed to read that the University strike isn’t over. But it isn’t and Jo Cumbo hits the nail on the head. “Majority of members wish to reject the proposal as insufficient.” What … Continue reading
The University Strike could end today
The signs of a weakening in the UUK position had been apparent for some days as one university after another rejected the basis for the closure of USS for future DB accrual. The final nail in the coffin was delivered … Continue reading
Posted in pensions
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A master class in fractional scamming
We get the financial services we deserve – and we deserve better than this; something has to change. Continue reading
Posted in pensions
Tagged Angie Brooks, Blackmore, FCA, Fractional scams, John Ferguson, Jon Doglas, pensions, You and Yours
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As a card carrying Tory- I find Chunky Mark deeply distasteful. See why here!
Disgraceful – can’t he see how this offends my public school sensibility. Shame on you Chunky Mark.
Posted in pensions
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Could a Local Government Pension Scheme go bust? NO
Well the answer “no” as has been explained to me by Colin Meech of Unison – who makes the following points; LA’s can not go bust in the way you suggest – they would be taken over by government … Continue reading
Posted in Big Government, corporate governance, governance, pensions
Tagged covenant, covenant assessment, KPMG, LGPS, pension, pension governance, pensions, Steve Simkins
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Beyond the workplace – managing our pension saving legacy.
The FCA are consulting on the £400bn of pension assets that are not in workplace pensions. Implicit in the consultation is a desire to help those who depend on them in retirement to maximise these savings. The savings are … Continue reading
Posted in pensions
Tagged CDC, Metro Bank, pensions, Retirement, stakeholder pensions, Value for Money, workplace Pensions
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A Masterful letter from Athene Donald.
Athene Donald, the Master of Churchill College Cambridge has written a letter to Alistair Jarvis at UUK. It talks of clarity and is a model of clarity. It expresses in a few word, a concern voiced several times on this … Continue reading