Here's another way for a pension fund to get in the soup. https://bayourenaissanceman.blogspot.com/2026/09/the-catholic-clergy-sex-abuse-scandal.html
I had earlier today read a medical research article reporting on a Japanese study that found that “supercentenarians” — those…
The simple truth is that the pension system is very good at taking your money, and may or may not…
That is a good point about the ordinary person/voter due to being too poor to get interested in political donations.…
Monthly Archives: June 2020
What happened this week in COVID-19 science (we26/06)
The Friday Report – Issue 13 By Matt Fletcher and Nicola Oliver COVID-19 Actuaries Response Group – Learn. Share. Educate. Influence. Every week, more is written on COVID-19 than any individual could possibly read. Collectively, the COVID‑19 Actuaries … Continue reading
Posted in actuaries, coronavirus, pensions
Tagged actuaries, Matt Fletcher, Nicola Oliver
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Transferring pots is a matter for the FCA and not MAPS
BREAKING: Stephen Timms, the work & pensions select committee chair, is to push for DB schemes to be able to pause transfers to reduce the risk of savers being hit by scams. Mr Timms plans to table an ammendment to … Continue reading
Posted in advice gap, pensions
Tagged advice, FCA, Guidance, MAPS, Stephen Timms, Tim Smith
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Give the funds industry an inch and they’ll charge you for 20cm.
London busses It’s almost like having joined up Government. No sooner has the FCA’s consultation on VFM pinged into the inbox when along comes the DWP’s call for evidence on the charge cap. But I’m not complaining; “What Zoom has … Continue reading
Posted in pensions
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The FCA’s new approach to Pension Value for Money
The Backstory Back in 2014, with the excoriating OFT report fresh to mind, the FCA made a deal with the insurers not to refer the insurers to the Competition and Markets Authority in return for those insurers operating workplace pensions … Continue reading
Posted in advice gap, pensions
Tagged employer, FCA, GAA, GPP, IGC, Value for Money, VFM
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Will the pandemic leave us sicker? – the Covid-19 actuaries discuss
Introduction Our recent Bulletins[i] on mortality impacts of the pandemic considered the likely (short-medium term) mortality of the surviving population, and how a mortality investigation could reasonably be done post-pandemic. In this Bulletin we consider the longer-term impacts of the … Continue reading
Posted in actuaries, coronavirus, pensions
Tagged Andrew Gaches, Covid-19, Matthew Edwards, morbidity, mortality
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7700 letters sent – 80% of advice wrong – £350m in compensation; lest we forget.
On June 19th 2017 , 500 financial advisers crammed into the East of England showground’s hall to participate in the Great British Transfer Debate. It was originally to be a small meeting between First Actuarial and some IFAs, organised by … Continue reading
Posted in pensions
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A great report on tax injustice from the ABI at prayer.
It’s a good and timely report and its analysis of inequality is excellent. But it is only addressing a quarter of the Government’s incentives bill and the solution it models is a lot more painful to the mass-affluent than the report implies Continue reading
Posted in accountants, actuaries, age wage, pensions
Tagged ABI, pensions, PPI, Tax, tax relief
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Pension dashboards get a timeline to a timeline.
The Pensions Dashboard has at last got its own website which you can access here It’s not the prototype website which you can still access here Nor the excellent dashboard ideas site which is here Nor does it link … Continue reading
Posted in Dashboard, pensions
Tagged finding pensions, Pension Bee, Pension Dashboard, pensions, public
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Cheating with your IRRs is like cheating at golf.
Chris Flood of the Financial Times is again at odds with the Private Equity industry who he holds are fiddling their investment returns, confusing what they are saying investors get with what they actually get. This goes to the … Continue reading
Posted in advice gap, age wage, pensions
Tagged AgeWage, IRR, Performance, Private Equity, subscription line finance
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Negative excess deaths today but..
Latest mortality surveillance report from PHE shows deaths below normal levels for the time of year in England, as it was in Jan to Mar. No significant excess mortality in Eng, Wal or NI in week. So Tuesday’s ONS release … Continue reading
Posted in pensions
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This is clearly a serious story about institutional accountability, bankruptcy and the treatment of former employees. But, although the immediate…