Monthly Archives: June 2019
The advisers who went away
In my experience, sometimes charges aren’t brought to the individual’s attention at all, and thousands per year are paid from their pension fund to an ‘adviser’ who never meets the client again! No advice, no contact, huge charges. https://t.co/WCxyR70Psh — … Continue reading
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Why I’m so noisy now – about CDC
At the end of an excellent day discussing how the financial services industry adapts to the changing way we think about retirement, I asked a question of a panel of experts “Does the decision of 140,000 postal workers to manage … Continue reading
Posted in pensions
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Who do ACD’s protect?
What is an ACD? I don’t know much about retail funds, so I’ve had to read up about what an ACD is. If you google “authorised corporate director” the first two definitions are from Gallium, a firm very familiar to … Continue reading
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Why I am ashamed to be a Conservative
I am a member of the Tory Party, Mark Field is my MP , the incident in this video occurred half a mile from where I live and work. I am ashamed. I do not want to be a member … Continue reading
FCA plan to get tough on poor transfer advice
Two unexpected things happened yesterday; SJP’s candidate for the “fireside chat” with the FCA – went sick (with no replacement offered) and the FCA published their market- wide data results for defined benefit transfers. Together this meant my fireside chat … Continue reading
How proactive do we want the FCA?
We get the regulators we deserve. It’s no use us whingeing that we have a reactive regulator if we demand a free market without interventions. But when there is evidence of malfeasance, we demand our regulators are quick off the … Continue reading
Posted in advice gap, pensions
Tagged Debbie Gupta, FCA, Horizon, Ian Price, Marketforce, pensions, Woodford
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For the 2m pension excluded.
Reform the payment of pension tax relief to ensure that no low earners miss out We call on Government to ensure no low earners miss out on the tax top up on their pension contributions. We estimate that this issue … Continue reading
The Four Trillion pound lifeboat for (some) British Pensioners.
I was in Westminster last night for drinks on the terrace watching politicians lining up to tell their in-jokes about the Conservative party leadership contest. The jokes weren’t very funny and even if they were, I couldn’t tell you them … Continue reading
Posted in advice gap, age wage, pensions
Tagged AgeWage, Equity release, pensions, Property
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The good in gating.
The wonder of the gating of the Woodford Equity Income Fund is that it happened in peacetime. There is no financial storm, the crisis is as random of the fall of Icarus in Breughel’s famous painting. There’s no doubt … Continue reading
Posted in advice gap, age wage, pensions
Tagged Gating, Hargreaves Lansdown, illiquidity, pensions, platforms, SJP, Woodford
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Steelworkers can rely on Al Rush
The FCA ran a session Saturday (15th July)for steelworkers in South Wales who were concerned they may not have got good advice transferring out of the British Steel Pension Scheme. BBC Radio four spoke to people leaving the event. These … Continue reading
Posted in advice gap, pensions
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