Monthly Archives: July 2024

Workplace Pension review – investment first – adequacy later.

Posted on July 22, 2024 by henry tapper

Continuing at break-neck pace up and to the summer recess, the Labour Government  has announced a staged review of pensions. Speaking on Laura Kuenssberg’s Sunday morning show, Rachel Reeves stressed that her interest in pensions is about getting people more … Continue reading →

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An all American cock-up

Posted on July 22, 2024 by henry tapper

It’s finally Joe-ver, as we say Bye-den to the 46th President, and hello (presumably) to Kamala Harris, who is now likely to be the Democrat nominee for November’s election, following and endorsement from President Biden after dropping out of the … Continue reading →

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“At least Dick Turpin wore a mask” steelworkers on pension redress.

Posted on July 21, 2024 by henry tapper

I hear the FCA, Financial Ombudsman Service and FSCS are to issue imminently a joint report  on action taken to support former British Steel Pension Scheme members. In advance, I’m publishing anonymously a string of comments on the British Steel … Continue reading →

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There’s no fancy reason for us to invest in the UK – just VFM.

Posted on July 21, 2024 by henry tapper

What industry rules need to be changed so that billions of 💷 sitting in pension funds can be used more easily to invest in UK companies to stim ulate the economy? Is it a risk thing?@PensionsAge @henryhtapper — Colin Bingle (@bingle_colin) … Continue reading →

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Five reasons why Labour’s pensions aren’t BAU at all.

Posted on July 21, 2024 by henry tapper

  Reading the thinking of the pension chiefs who will be meeting Rachel Reeves on Monday, I wonder if they have got the message. Rachel Reeves is not happy with the status quo and holds the pension industry responsible for … Continue reading →

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Swapping pots for pensions when we stop work

Posted on July 20, 2024 by henry tapper

  The Government is introducing a Pension Schemes Bill which, among other things will require pension schemes to offer retirement products so people have a pension and not just a savings pot when they stop work. The Bill places duties … Continue reading →

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Is a defined benefit pension “guaranteed”?

Posted on July 20, 2024 by henry tapper

We all know that the only things guaranteed are death and taxes. The joke is that taxes don’t happen naturally but they might as well do. But guarantees exist all over the place and the quality of the “guarantee” is … Continue reading →

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Has the PPF been left lolling on the couch?

Posted on July 19, 2024 by henry tapper

Like Steve Webb, I am genuinely surprised that the PPF has not been chosen to lead the charge on scheme consolidation Third: Perhaps a surprising omission from the Pension Schemes Bill is measures to turn the Pension Protection Fund into … Continue reading →

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The Pension Schemes Bill – making the most of what we’ve got

Posted on July 19, 2024 by henry tapper

  The last 20 years have seen  a huge strain on employers as funders of workplace pensions. Not only have they had to keep funding DB pensions but they’ve needed to comply with deficit funding plans demanding large payments to … Continue reading →

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Mortgaging my pension to buy a house?

Posted on July 19, 2024 by henry tapper

  Alison Hatcher spoke eloquently on Nico and Darren’s podcast in favor of offering early access to pension pots for savers looking to use their pension to put down a deposit to buy a house. She has put her thoughts … Continue reading →

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