Monthly Archives: January 2023
Someone has to be accountable for how our savings grow
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
Sympathy for the Regulator? Not over BSPS!
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
Week four 2023 – we need a little step forward.
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
The FCA’s thematic review of advice
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
Posted in pensions
Tagged Consumer duty, FCA, Income in retirement, REtirement advice, thematic review
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Employer pension theft on the rise.
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
VFM – more meat less bull
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
It’ll take more than a nudge to get us back to work!
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
Short and sweet – the talented Laura Trott has 2 years to make a difference.
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