Monthly Archives: January 2023

Someone has to be accountable for how our savings grow

Posted on January 24, 2023 by henry tapper

There are two ways of managing a pension system. The first allows people to make their own way home and is based on freedom and choice (think 401k and UK pension freedoms). The second is through defaults that are “done … Continue reading →

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Sympathy for the Regulator? Not over BSPS!

Posted on January 24, 2023 by henry tapper

quotes extensively from a PA consulting report on the FCA that was disclosed as part of a bundle of documents by the Gloster report into the mishandling of LCF complaints. That report can be found at the end of this … Continue reading →

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Week four 2023 – we need a little step forward.

Posted on January 23, 2023 by henry tapper

My friend Al Rush is a bell-wether for how people feel – this is how he feels right now Once again, another week in politics went by and nothing got done of note apart from a few MPs having handbags … Continue reading →

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The FCA’s thematic review of advice

Posted on January 23, 2023 by henry tapper

This review is a piece of discovery work to explore how financial adviser firms are delivering retirement income advice and assess the quality of outcomes consumers are getting.  The FCA’s state intention goes beyond understanding how pots are being turned … Continue reading →

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Employer pension theft on the rise.

Posted on January 22, 2023 by henry tapper

NEW: Employers confronted over missing #pension contributions https://t.co/N77bt8hQFT — Josephine Cumbo (@JosephineCumbo) January 20, 2023 I wish the FT would make this article free to view, it has become a preoccupation of its author and other than Ros Altmann, whose … Continue reading →

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VFM – more meat less bull

Posted on January 22, 2023 by henry tapper

The most pressing matter on the pension policy agenda (and we should expect a consultation on this in the next two weeks) is clarification on the DWP’s Value for Money agenda. The consultation may be long but it must address … Continue reading →

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State pension age. What a hospital pass!

Posted on January 22, 2023 by henry tapper

When Guy Opperman handed his papers to Laura Trott, the file I suspect he enjoyed passing most was that marked “review of state pension age”. Can any Government  increase SPA with an election looming (unless it is taking an altruistic … Continue reading →

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It’ll take more than a nudge to get us back to work!

Posted on January 21, 2023 by henry tapper

The Minister for employment is keen to nudge us back to work   The UK’s unemployment rate is close to its lowest level since the 1970s. But that’s not the whole story. About a quarter of people of working-age – … Continue reading →

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Short and sweet – the talented Laura Trott has 2 years to make a difference.

Posted on January 21, 2023 by henry tapper

I hear that the MfP (the new acronym for Minister for Pensions) is going to be setting out her priorities for the remainder of this parliament and asking for input. If I were her, I’d follow my instinct as she’s … Continue reading →

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Diversity and inclusion in pensions? Explore with Sarah and Mark on Tuesday.

Posted on January 20, 2023 by henry tapper

I score badly on diversity and inclusion as I’m pale, male and stale and at 61 I’m not getting any more diverse. But I’m happy to see that two young and enthusiastic representatives of the next gen are going to … Continue reading →

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