The CWU did issue this briefing to members back in March, Henry: www.cwu.org/ltb/ltb-087-26-royal-mail-winding-up-the-rmdcp-scheme-transfer-of-member-assets-to-legal-and-general-mastertrust-in-july-2026/ But the FAQ in Appendix B of…
London’s carnival shows how music can bring different cultures together through rhythm and shared energy. For film directors and composers,…
Meg- are you from Northampton? Whether you are or not - I'm growing stronger by the day!!
Are you dying cousin
Monthly Archives: June 2020
Does not discussing salaries, only benefit employers?
Having kicked the traces with corporate reward strategies, I now operate a company where everybody knows the wages of the company. For good reason I am AgeWage’s lowest paid employee and I’m proud that we are able to talk about … Continue reading
Let’s not forget the low-paid’s pension problems
The initial financial shock of the pandemic was on markets. and the headlines about mortality The occasion was a Zoomed up pension conference and specifically a break-out session with Glyn Jenkins . We were discussing the impact of … Continue reading
Posted in pensions
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The impact of banning contingent charging for pension transfers
The end of an era After over three years of mounting pressure, the FCA yesterday announced it would be banning the practice of contingent charging for work on Defined Benefit transfers from October 1st. Although some pipeline cases will conclude … Continue reading
Posted in advice gap, BSPS, Change, DWP, FCA, pensions
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What happened in week 10; science from the COVID Actuaries
Every week, more is written on COVID-19 than any individual could possibly read. Collectively, the COVID‑19 Actuaries Response Group read more about the outbreak than most, so we’ve decided each Friday to provide you with a curated list of … Continue reading
Posted in actuaries, advice gap, coronavirus, pensions
Tagged Actuaies, BAME, COVID-10, mortality, ONS, Science, The Lancet
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The FCA bans contingent charging on transfers – 7,700 steelmen to be written to
Here is the decision taken by the FCA on how advice is charged for on DB transfers. It is precisely the position that I had hoped for and will ensure that DB schemes will continue to provide pensions to many … Continue reading
Posted in advice gap, BSPS, pensions, trustee
Tagged British Steel, BSPS, contingent charging, pensions, Trsnsfers
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Why planning for “care” is everyone’s business
Whether we are carers or ‘cared for’, we are likely to be involved in caring in the future. Of course the pandemic has highlighted the under-funding of residential care homes and the lack of support given to many home carers, … Continue reading
Posted in advice gap, Change, pensions
Tagged CARE, financial planning, L&G, Legal and General, long term care
2 Comments
Facemasks for public use – Nicola Oliver
Introduction The question of whether to protect yourself from becoming infected with the SARS-CoV-2 virus by wearing a mask in public places is one that has been vigorously debated. The counter-argument to mask use is that it will … Continue reading
Posted in actuaries, advice gap, coronavirus, pensions
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WTF- AgeWage wins 4 nominations for UKP awards!
I got a call from a journalist friend of mine congratulating AgeWage on being nominated for a Professional Pensions UK Pensions Award. I thought it was a wind up – but being a vain sort, I thought to see if … Continue reading
Posted in age wage, pensions
Tagged Awards, October, professional pensions, UK pensions awards, UKPA
6 Comments
Preventing a pension-pot epidemic
Pension Bee is right to be researching the impact of changing employment practice on the economics of running a DC pension. Even before the pandemic , the DWP estimated that without radical intervention we would see 50m abandoned pension … Continue reading
Posted in auto-enrolment, pensions
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Setting mortality assumptions in a post COVID-19 world
Introduction In our first bulletin looking at the impact of the pandemic on mortality, we considered what could reasonably be inferred now about the likely post-pandemic mortality of survivors. In this second bulletin, we explore the question of mortality from … Continue reading
Posted in actuaries, coronavirus, pensions
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I was given to understand that the Royal Mail DC Plan was designed purely as a temporary arrangement building and…