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: August 2020
Pension scams reported at just £10m a year?
The truth is that the FCA do not have a number for the amount that leaks out of the system through dodgy advice. The resources at their disposal to stop scamming are so small that they cannot even report on the proper size of the problem. Continue reading
Posted in advice gap, age wage, Blogging, pensions
Tagged action fraud, Clive Tildersely, FCA, pensions, scams
4 Comments
Open and shut conversations on pensions
For pensioners, pensions are very much open. We need to think more about how these DB pensioners are treated and start thinking of their needs for understanding and for financial services. Continue reading
Reintroducing pensions to the USA
The American Department of Labor is demanding that regulated sponsors of their workplace pensions convert participants’ account balances into an estimated monthly income stream at retirement. This follows primary regulation in Congress last year know as the SECURE Act Using … Continue reading
Posted in actuaries, advice gap, annuity, cardamo, pensions
Tagged 401l, Erissa, US, USA
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Clacher and Keating blog “Bowles to the Regulator”.
We have received and responded to over one hundred questions, comments and criticisms arising from them. Not one has come from the Pensions Regulator. We have no evidence that the Regulator is listening to us or anyone else. Constructive engagement requires constructive listening, not selective hearing. Continue reading
Posted in actuaries, advice gap, pensions
Tagged Clacher, DWP, House of Lords, Keating, Pension Funding, pensions, Pensions Regulator, Sharon Bowles
8 Comments
High standards where it suits, no standards where it doesn’t.
When I see firms participating in the STAR scheme working as hard to deliver the dashboard, reform the distribution of tax-payer pension incentives, promote a fairer system of pension benefits and enable their customers to properly understand value for money, I will start patting them on the back. Continue reading
Posted in pensions
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Back on Lady Lucy
Throughout lockdown, Lady Lucy has been on her moorings, unused and isolated. This morning I am travelling down to Hurley to take her out with a group of people I do not know. I am incredibly nervous. Indeed, sitting here … Continue reading
Posted in pensions
2 Comments
Friday report from the COVID-19 actuaries: – includes “surviving quarantine”
The Friday Report – Issue 19 By Matt Fletcher, Nicola Oliver and John Roberts COVID-19 Actuaries Response Group – Learn. Share. Educate. Influence. COVID-19 is still one of the hottest topics for scientific papers and articles. The COVID‑19 Actuaries Response … Continue reading
Posted in actuaries, advice gap, coronavirus, pensions
Tagged actuaries, Covid-19, pensions, Quarantine
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What we don’t consider matters
Listening to Victoria Derbyshire talking about domestic abuse on the radio this morning , I was struck by one insight. When asked why domestic abuse had been such a low priority at the start of lockdown she observed that as … Continue reading
Posted in accountants, actuaries, advice gap, pensions
Tagged advice gap, David Penney, pensions, tax relief
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Pension Self Help
We live at a time of self empowerment. If we don’t know how to do something we learn, searching for answers from the web. We’ve learned how to do things from You tube, understand things from Wiki and with a … Continue reading
Posted in pensions
Tagged acceleration, advice, AgeWage, FCA, Guidance, pensions, self-help
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AgeWage is now authorised by the FCA.
Getting regulatory permissions for AgeWage has been a journey for both AgeWage and the FCA. We are a firm offering guidance to our customers on the value of their pension pots, and we make arrangements for them to take decisions … Continue reading
This is clearly a serious story about institutional accountability, bankruptcy and the treatment of former employees. But, although the immediate…