Monthly Archives: February 2019

Peoples;- for once the small print is good news!

Posted on February 22, 2019 by

  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 →

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Better pensions for the People!

Posted on February 21, 2019 by

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 →

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The negative capability of the undrawn down.

Posted on February 21, 2019 by

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 | 1 Comment

How do you choose your pension drawdown provider?

Posted on February 20, 2019 by

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 →

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Shining light on Pension Scams

Posted on February 19, 2019 by

Key findings: 1. Information on scams is not readily available at an organisational level 2. The Scams Code is seen as a good basis for due diligence 3. Significant time and effort goes into protecting members from scams 4. The … Continue reading →

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“I couldn’t afford a pension”.

Posted on February 18, 2019 by

  In my book of objections, supplied to me the first brokerage I sold for, the “I can’t afford it” objection sat at the top of the list. We were told to ask the customer “can you afford not to … Continue reading →

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Why the pension dashboards have to be commercial

Posted on February 17, 2019 by

  Government pension projects rarely succeed and where they do succeed – it is because the public and private sectors find a way to work together. There are exceptions – the state pension and unfunded public sector schemes are pretty … Continue reading →

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Should your house be on your pension dashboard?

Posted on February 17, 2019 by

  James Coney, one of our best financial journalist has written a very fine article in FT Adviser on why he wants to “leave property our of pensions dashboard”. It turns out that the Equity Release Council has been lobbying … Continue reading →

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Pension dashboard stitch-up exposed!

Posted on February 16, 2019 by

I find myself the horns of a dilemma. I violently disagree with the ABI, Origo and at least two of the big master trusts. In particular I disagree with People’s Pension, who normally I agree with and Gregg McClymont- one … Continue reading →

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What happens to the money I pay into pensions?

Posted on February 15, 2019 by

AgeWage have been asking this question to people where WeWork. If you don’t know about WeWork, it’s the largest of a number of co-working spaces that you can find in London, around Britain and all over the world and some … Continue reading →

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