Monthly Archives: February 2019
Should New BSPS pay compensation?
The plan presented to the FCA today by @RAF_IFA will see the BSPS make payments out of the fund to members badly advised to transfer. A payment of this nature and scale would be new territory for U.K. pensions. 5/5 … Continue reading
Posted in pensions
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A map of the known pension world?
As far as I know, the poet and mystic never went to America, so when he coos to his mistress O my America! my new-found-land, My kingdom, safeliest when with one man mann’d, My Mine of precious stones, My … Continue reading
The ugly end to pensions as social enterprise?
The scrap between the insurers and the pension consolidators as to scavenging rights over what’s left of corporate DB, intensifies. The insurers are pissed that there business plans are dented by upwardly mobile super funds that don’t play by the … Continue reading
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How to turn a pot into a pension (megablog)
Hello and thanks for your interest! This mega-blog should be helpful to people who are 55 or older and have money “stuck” in pensions which they could do with to replace income from work. “Stuck” is the right word, most … Continue reading
Posted in advice gap, age wage, pensions
Tagged pension, Pension Bee, Pension Freedoms, Pot
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The rise and fall of SIPPs
It’s easy enough for me to throw stones at SIPPs, I don’t invest in them, I don’t advise on them and I don’t run one. In the early days of SIPPs , two good friends, John Moret and John … Continue reading
“We want freedom and choice and we want simplification too”.
Pensions. Tax. Benefits. Each over-complex. When combined: lethal. We shouldn’t blame pension freedoms for the mistakes caused by governments’ habit of making everything too complicated. We want freedom and choice and we want simplification too. — Stuart Fowler (@fowlerdrew) February … Continue reading
Peoples;- for once the small print is good news!
Yesterday I published the news that People’s Pension has dropped its prices for those with larger balances which they estimate will lead to a 10% drop in overall fee income. That is good news, especially if you are in … Continue reading
Posted in actuaries, advice gap, age wage, pensions
Tagged £sd, charges, disclosure, FCA, People's Pension, tPP
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Better pensions for the People!
The People’s pension has decided to distribute its profits to its people- its members. This is what you should do if you do not have shareholders. It is to be applauded! Without shareholders, 100% of the People’s Pension’s profits could … Continue reading
Posted in advice gap, pensions
Tagged People's Pension, VFM
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The negative capability of the undrawn down.
There is a great phrase in literary criticism “negative capability”, it’s the latent meaning in a statement that implies much more than is said. Here the power is in the unsaid. When Wordsworth , on one of his lakeland walks, … Continue reading
Posted in advice gap, age wage, pensions
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How do you choose your pension drawdown provider?
Between 94% and 75% of us (depending on which official estimate you follow), are not paying for advice. Unadvised drawdown is likely to become more common – unless the mass market advice market revives. Although the banks and insurers are … Continue reading