Monthly Archives: July 2022

Young, gifted but slack

Posted on July 24, 2022 by henry tapper

Intergenerational wealth inequality has increased – but how? The Resolution Foundation’s analysis of the Office of National Statistics’ Wealth and Assets Survey tells a story of wealth accumulating slower for youngsters and piling up for those over 60. It confirms … Continue reading →

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The future of Port Talbot’s pensions and plant are linked – but only by history.

Posted on July 23, 2022 by henry tapper

Once again the future of the Port Talbot steelworkers is under threat. Al Rush makes an explicit link to the situation steelworkers found themselves in the summer of 2017. Another threat. Why the men and women of BSPS had finally … Continue reading →

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The pension transfer mess: who pays and what’s paid?

Posted on July 22, 2022 by henry tapper

There’s an irony to PAC’s assertions. It was extremely critical of the FCA in almost every aspect but never even questioned a key one: the FCA’s own assessment that transfers were very widely unsuitable at BSPS. This is now being … Continue reading →

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Truss is going to win because she is more popular

Posted on July 22, 2022 by henry tapper

There was nothing surprising about Liz Truss’ winning second place in the conservative party parliamentary leadership election. She now goes forward with Rishi Sunak to sell herself to the 170,000 members. The bookies see her as an easy winner. She … Continue reading →

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James Mullins excellent presentation on pension buy-out/in (Pension PlayPen)

Posted on July 21, 2022 by henry tapper

A number of people who attended James Mullins talk on buy-outs and buy-ins have asked for a recording. I’m not surprised, it was a gripping performance – I was gripped though I have no skin in these markets. Here is … Continue reading →

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The Public Accounts Committee’s report on BSPS is unequivocal good news for steelworkers.

Posted on July 21, 2022 by henry tapper

    Parliament’s Public Accounts Committee has produced a report that finds  the Financial Conduct Authority failed to protect British Steel pension scheme members from “unscrupulous financial advisers” who were incentivised by existing fee structures and regulation to provide unsuitable … Continue reading →

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Treasury deprives the low paid of nine years of savings incentives – with a press release

Posted on July 20, 2022 by henry tapper

  After 7 years of campaigning that started when Kate Upcraft identified the problem for the Friends of Auto Enrolment, the Treasury has pulled the rabbit out of the hat , righted the wrongs and tried to cover itself in … Continue reading →

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Providers shouldn’t interpret our sullen silence over dashboard delivery as indifference.

Posted on July 20, 2022 by henry tapper

I admit to being confused by the consultations opening and closing on the pensions dashboard. This is one of those cases where the consumer voice really isn’t that helpful. We can only sit back and watch as the Pension Dashboard … Continue reading →

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Nick Cave explains himself

Posted on July 20, 2022 by henry tapper

Those who don’t subscribe to the Red Hand Files of Nick Cave, should read a couple. This is the 200th blog in the series , they come out of questions from his fans (mine come out of stuff I come … Continue reading →

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Truss moves to the front for the first time

Posted on July 20, 2022 by henry tapper

With the timing of Jake Wightman, Liz Truss has for the first time moved into a commanding lead in Betfair’s book. She is currently even money to win the election to be prime minister, her rival for the right wing … Continue reading →

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