Monthly Archives: January 2019
The only solution to the net-pay pension problem comes from HMRC
Last Thursday, there was another meeting of the group of us, determined to keep up pressure to sort the problem of net-pay pension contributions this side of auto-enrolment’s next big phasing hike in April. Just to rehearse the problem, … Continue reading
Posted in accountants, pensions
Tagged auto-enroment, HMRC, net-pay, pensions, Tax, Technology
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A spoonful of sugar helps the deficits go down.
Lucy Hooker’s excellent analysis of Mary Poppins (the remake) suggests the basis of the film’s financial education is flawed, tuppence a day does not add up to financial security in later life, didn’t back in 1910 nor in … Continue reading
Posted in pensions
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No one #Morehuman
I don’t normally go for corporate cheese – but this statement – clipped from the linked in feed did make sense and got me thinking. I’m in the middle of the second round of fund raising for AgeWage and here … Continue reading
FCA’s fundamental concern over pensions
I haven’t got the time to do justice to the FCA’s latest review – indeed I had trouble finding it – thanks to Sahil Sethi for sending me this link! When in doubt – get Jo out! “In Cumbo we … Continue reading
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Why do employers run pensions?
Company DC schemes are an utter shambles I was as a DC conference yesterday, chairing a session on CDC. I went to one other session – a 70 minute discussion on what company pension schemes are doing to help people … Continue reading
Posted in pensions
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I’d like to get excited about the cold calling ban…
It’s easy to be cynical The following thoughts went through my mind when I realised that today is Wednesday 9th January, the day when the ban pension cold calling comes into place. “Why has it taken three years four months since … Continue reading
Inquiry on contingent charging for transfer advice? Bring it on!
The Work and Pension Select Committee is holding an inquiry into the way that pension transfer advice is charged for. This may seem an arcane subject but it’s not. As this blog has said many times, contingent charging was … Continue reading
Posted in pensions
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Whitbread bosses gold-plate their pensions while Costa staff are ignored.
Here is the news; Whitbread bosses are buying off the authorities by injecting £3380m into their DB pension scheme, kicking it into notional surplus. If you want to read the press release- it’s here in Professional Pensions. The Whitbread Group … Continue reading
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Better the bitter pill today…
Hmm. Bit of context: a) approx £20 *billion* transferred in 17/18; b) as article says, doubling of comp is over *two years* during which time transfer volume increased *much faster* – so comp percent has actually fallen…. https://t.co/TXMtaSd2gH — Steve … Continue reading
Posted in pensions
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Why the Single Finance Guidance Body must work
Paul Lewis’ MoneyBox ran a fun slot (21 minutes) with the results of a twitter competition Paul had run to find the best name for the Single Financial Guidance Body. “Money McMoneyface” seems to have caught the presenter’s eye but … Continue reading
Posted in pensions
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