Monthly Archives: February 2019

Shining light on Pension Scams

Posted on February 19, 2019 by henry tapper

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 →

Posted in advice gap, pensions | Tagged , , , , | 2 Comments

“I couldn’t afford a pension”.

Posted on February 18, 2019 by henry tapper

  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 →

Posted in advice gap, auto-enrolment, pensions | Tagged , , , , , | 3 Comments

Why the pension dashboards have to be commercial

Posted on February 17, 2019 by henry tapper

  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 henry tapper

  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 →

Posted in pensions | 3 Comments

Pension dashboard stitch-up exposed!

Posted on February 16, 2019 by henry tapper

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 →

Posted in age wage, Dashboard, pensions | Tagged , , , , , | 2 Comments

What happens to the money I pay into pensions?

Posted on February 15, 2019 by henry tapper

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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Now and then.

Posted on February 14, 2019 by henry tapper

It all started so well – and ended so sadly. Yesterday NOW’s owner, the Government backed Danish Pension Fund announced it was selling it’s UK master trust to Cardano, the Dutch Fiduciary Manager. NOW were the first organisation to seriously … Continue reading →

Posted in pensions | Tagged , , , , | 2 Comments

How do we use our IGCs?

Posted on February 13, 2019 by henry tapper

My key words in the title are “we” and “our”. The Independent Governance Committee’s set up as a result of the failings in contact-based workplace pensions identified by the OFT, are for us – the consumer. They were not set … Continue reading →

Posted in IGC, pensions | Tagged , , , , , | 1 Comment

It’s employers that did it! Rudd should be thanking them for “her” policy success

Posted on February 12, 2019 by henry tapper

      I’m pleased to see that attempts to re-write history by the Conservative party have been foiled by the ever-vigilant Cumbo. These were not @conservative party reforms. Automatic enrolment resulted from a cross-party consensus and was introduced by … Continue reading →

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Put the champagne back and read the AE facts!

Posted on February 11, 2019 by henry tapper

For all their well-publicised problems, NOW Pensions continue to talk sense on auto-enrolment and to do so fearlessly. Today is the day when we hit the 10m new savers mark, we were billed as having a discussion on this on … Continue reading →

Posted in pensions | 2 Comments