Monthly Archives: May 2022
The biggest losers of a market crash aren’t in the market.
Running around the Barbican last night I was listening to a Crowdcast on how you value shares and trying to work out how a whole stock market can be down 4% in a day. The weather was clement, there was … Continue reading
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Tagged destitute, market, pension, Pension Credit, Pension Credits, poor
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All pensions have the same Duty to their Consumers – to provide Value for Money.
The Government struggles to find an overarching measure that defines “consumer protection”. Trust law says that trustees have a duty of care towards beneficiaries of a trust, historically consumers with policies regulated by the FCA were told that the … Continue reading
Where were you in 1982?
Where were you in 1982? Some readers will not have been conceived, most will have memories, mine are of my second year at university, punting on the Cam, breaking into May Balls – my grant covered just about everything. The … Continue reading
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FCA considers greater push to non-advised services
The Financial Conduct Authority wants to encourage more consumers to invest through non-advised services in what it terms “a guided sales model”. There are rumours this could feature in the Queens Speech. It has been discussing the potential development … Continue reading
Cumbo calls into question pension transparency.
Case study – the pertinent question on DB funding. For this story, I spoke to an 86yr-old who worries everyday about how his wife, 9 yrs younger, will cope financially if he dies before her. He receives NO inflation rises … Continue reading
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Tagged DB Funding Code, Hatton, Jane Hatton, jo cumbo, Pensions, ppf, USS
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Pension indexation for DB schemes (intact or in the PPF)
The FT has picked up on the “missing” indexation on defined benefits earned before April 1997. These aren’t being paid to 83,000 members of the PPF but nor are they being paid to the members of many occupational DB schemes … Continue reading
Fear Of Running Out (FORO)
We hoard against the bad times. We have only recently cleared out a cupboard of dried stuff that we bought in march 2020. We used the toilet paper eventually. A GoCompare survey found that the 6th most common fear … Continue reading
People have better things to worry about than pension charges
People’s Pensions report that more people are worried about the costs of their mortgages and bank accounts than their pensions. There are good reasons for this. People pay bank and mortgage charges today, pension charges are paid out of the … Continue reading
Will pensions stand the test of inflation?
Stephanie Hawthorne’s excellent article tells it like it is and the 330 comments that it’s solicited show just how much interest there is amongst pensioners in the outcomes of their “40 years of savings”. The article talks to those who … Continue reading
Where you can buy a sausage with a brick…
At this week’s Pension PlayPen coffee morning, Guy Opperman told we could look forward to what was happening in Australia today, being UK pension policy tomorrow, so here – courtesy of the Australian Financial Review is a Government incentive … Continue reading