Monthly Archives: August 2022

Con Keating and Iain Clacher appalled by DWP’s proposed Funding Regulations

This is the first in a series of blogs covering our responses to the questions posed in the Funding Regulations consultation paper, which closes on October 17, 2022. As there are 25 questions and we wish to keep our blogs … Continue reading

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Cost of living, pensions and some difficulties

This blog was published yesterday by Gareth Morgan and goes into some detail on how inflation impacts benefits for pensioners, It also addresses the  complex issues of “deprivation” when drawing down  small pension pots prior to state pension age. In … Continue reading

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Time for a cost of living strategy from pension providers

  Pension providers, insurers and advisers each need a cost of living strategy for those they serve. It is worrying , that pension providers are making a fuss over the ESG credentials of their funds but not worrying over the … Continue reading

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5 free to use scam awareness sites; one Margaret Snowden!

The Pensions Regulator has done a lot of good in  preventing scammers repeating the problems experienced by BSPS members , during Time to Choose. An example is the way it cut off scamming at source with Carillion (see above). Now … Continue reading

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TPR clarifies it’s not wrong to use your pension pot to pay household bills.

    Last week, the Pensions Regulator issued a press release which contained the following statement TPR is warning that savers may be lured by offers to access their pension savings early to cover essential household bills The Pensions Regulator … Continue reading

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FOS finds Mr L to be trying it on

We received 16,276 new complaints about investments and pensions in 2021/22. The most complained-about product was personal pensions and the most complained-about issue was administration or customer service. Read more on our website: https://t.co/XOBoDVjZAb pic.twitter.com/2NdaSN6eIi — Financial Ombudsman Service (@financialombuds) … Continue reading

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Is this Tory election running out of gas with the public?

Public interest in the ongoing slugfest that is the Conservative Party Leadership Election is trending to zero. This is partly because everyone has now cottoned on the fact that Liz Truss is going to win, and partly because the public … Continue reading

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If this is (pension) freedom – I’m a banana!

“Why employees need independent advice before deciding what to do with their pension freedoms”- REBA This is the headline from a leader in REBA, the employee benefit magazine. I mention “employee benefits” with a grimace, for many benefits sold to … Continue reading

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Square pegs – round holes; retirement advice needs a rethink.

  I’m flipping furious with the Pension Regulator’s insinuation that those helping the hard up to access their pension savings to  pay “household bills” are scammers. Here is an extract from someone who provides guidance to the over 55s for … Continue reading

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Ros Altmann and the myth of self-sufficiency

There is a strongly held belief by those on the right wing of the pension debate, that people aspire to be self-sufficient in retirement of means tested benefits. Frank Field was a great exponent of this, arguing that means testing … Continue reading

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