Here's another way for a pension fund to get in the soup. https://bayourenaissanceman.blogspot.com/2026/09/the-catholic-clergy-sex-abuse-scandal.html
I had earlier today read a medical research article reporting on a Japanese study that found that “supercentenarians” — those…
The simple truth is that the pension system is very good at taking your money, and may or may not…
That is a good point about the ordinary person/voter due to being too poor to get interested in political donations.…
Monthly Archives: September 2024
D-DAY for IGC Chair reports.
Today is the final day for IGC Chairs to report on what happened in 2023 (ancient history to some). After getting 10 months grace, most of the big houses are only now delivering their statements. So far I have reported … Continue reading
Posted in pensions
Leave a comment
Reform in haste- repent forever – why Reeves will tax wealth not opportunity
I am putting on my philosophical hat and reminding myself that pension tax-relief is supposed to be both an incentive to save for and to spend in retirement. Turn the tap off for savers and you save too little, incentivised … Continue reading
Pension justice for surviving mineworkers.
The Mineworkers pension scheme is in the news and for all the right reasons. At the Labour Party Conference, Ed Milliband delivered the following promise to Mineworkers with Government backed pensions Just as we will do right by today’s generations … Continue reading
DC pensions as broken over there as it is over here.
I am often referred to the American DC system as an example of DC working. I have never seen it working. It suffers from the same problems as the UK system which is why I am interested in this article, … Continue reading
Riddaway on fire – Keating smoulders! Pension PlayPen’s burning platform.
Last week’s video of Bobby Riddaways’s session is here. Bobby is in fine form fighting for an improved role for pension trustees in the just transition. This week we are pleased to welcome back our friend Con Keating who will … Continue reading
Posted in pensions
Leave a comment
Segars gives L&G the all clear – I’m not so sure
I am a member of the Legal and General WorkSave Pension and have my life savings with the personal pension plan, made available to me when I worked at First Actuarial. I am very interested in the IGC report for … Continue reading
Posted in pensions
6 Comments
How much value are advisers adding to the drawdown process?
The IFA in question is Jennifer Ellis who makes some really interesting points Data from the FCA has shown savers withdraw up to 20% more from their pension pots in the 2023/24 financial year compared to the prior year, while … Continue reading
200 DC schemes are failing VFM test – TPR bares its teeth
Mel Charles of the Pensions Regulator estimates that around 200 of the DC pension schemes it oversees are not delivering value for money and should wind up and transfer benefits into larger multi-employer schemes that do. In a press-release issued … Continue reading
Pension “Tax-Free Cash” and the vanishing window to protect it.
I’ve been saying for some weeks that I think the pension tax-free cash allowance is under threat – I think it will be reduced. Those more expert than I think it will be reduced to £100,000 impacting anyone with a … Continue reading
Posted in pensions
6 Comments
FCA points to an explosion in unadvised pension drawdown.
Yesterday the FCA published the latest edition of its Retirement Income Review Latest data from @TheFCA Retirement income market interactive analysis 2023/24 https://t.co/LKoNDr4JT7 — Tom McPhail (@PensionsMonkey) September 26, 2024 We learn that the number of pension plans accessed for … Continue reading
Posted in pensions
6 Comments
This is clearly a serious story about institutional accountability, bankruptcy and the treatment of former employees. But, although the immediate…