Monthly Archives: August 2022
Steelworkers asked to accept “lose now – pay later” advice redress.
Yesterday the Financial Times reported that the average compensation for steelworkers miss-advised to transfer out of BSPS has fallen by £30,000. This is mainly due to what the FT calls adverse market conditions – the effect of rising interest … Continue reading
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Pension’s Minister’s life turned upside down
After 23 days of unscheduled hospital after care, Guy Opperman, his wife Flora Coleman and baby Kitto are back home in Northumberland. Zola also appears to be happy and not too jealous! I have to say that there have been … Continue reading
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“Taking CDC out of the hands of actuaries and lawyers”
What does “taking CDC out of the hands of actuaries and lawyers” mean? — Mike Harrison (@HigherEdActuary) August 20, 2022 Mike usually picks up on the real point I am trying to make in a blog. A couple of blogs … Continue reading
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Tagged actuaries, CDC, CDC fund, CDC scheme, investment pathways, lawyers, Savers
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Combining pensions – what are Dan and Steve really up to?
Dan Mikulskis and Steve Webb have teamed up to write a paper aimed at people considering combining their pension pots. They are writing for the kind of sophisticated consumer who knows their way around pensions and is thinking of … Continue reading
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Tagged actuaries, Consultants, Dashboard, experts, Geeks, LCP, Pension Dashboard, Pensions
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The SIPPs that opened pensions to today’s scammers
In this blog, I argue that the failure of the FCA to properly regulate SIPPs in the first decade of the century, opened the door to the scammers who have “prospered” in the second. The idea of the sophisticated investor … Continue reading
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John Moret: The SIPP fallout as another one bites the dust.
This article first appeared in Financial Planner Magazine – you can read the original here, The news of Hartley Pensions appointment of administrators may not have come as a huge surprise given the recent restrictions imposed on them by the FCA but … Continue reading
Have the rules of work hardened against CDC?
This morning I published David Pitt-Watson and Hari Mann’s FT article on CDC I did not do so with quite my usual gusto- and I have been asking myself why I, a long-standing enthusiast for CDC, have become jaundiced over … Continue reading
“Rewrite the rules of the UK private pension system” – David Pitt Watson
Below is an article first published in the FT and written by David Pitt-Watson with the assistance of Hari Mann. David and Hari set up and Chair the RSA’s CDC Forum. Published at the request of the authors.
Will advisers use inflation to deflate steelworkers’ compensation?
There are worrying reports coming from former BSPS members of a surge in offers from IFAs to compensate them for poor transfer advice. These offers are often as a result of claims made in 2021 or even earlier and are, … Continue reading
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