Category Archives: accountants

Salary Sacrifice – a foot in the door for the poorly pensioned?


Everybody knows that the pension tax-relief system is heavily weighted in favour of the have’s who get big income tax incentives. It is weighted against the low waged who can get excluded from contribution incentives altogether. Steve Webb, who thinks … Continue reading

Posted in accountants, actuaries, advice gap, pensions | Tagged , , , , , , | 15 Comments

“A decision to take a transfer cannot be reversed and should not be rushed”


This blog is mainly written for deferred members of the British Steel Pension Scheme, but many other people may find it interesting. There’s no doubt that what is going on in Tata-land, will go on with other employers who feel … Continue reading

Posted in accountants, advice gap, Bankers, Change, drawdown, Facebook, pensions | Tagged , , , , , , , , , | 8 Comments

DWP now leads the way on cost disclosure


  What’s this about? In a first-rate document, the DWP have set out radical proposals to allow ordinary people to see and compare the costs  their trustees are paying for the investment of their pension money. These proposals go well beyond … Continue reading

Posted in accountants, advice gap, drawdown, DWP, IGC, pensions | Tagged , , , , , | Leave a comment

The FCA is quite right to be worried about DB transfers.


The FCA has published an interesting blog entitled Our work on DB transfers. The nub of its findings follow Since October 2015 we have reviewed a total of 88 DB transfers where the recommendation was to transfer. Out of these, … Continue reading

Posted in accountants, Middle East, pensions, QROPS | Tagged , , , , , , , , , | 7 Comments

Pure DC at your university? Mike Otsuka speaks out


Mike is now a regular writer on this blog; he’s an LSE philosopher, a member of the USS pension scheme and an expert in pensions (not a “pensions expert”).   Southampton has come out in favour of closing USS’s defined benefit … Continue reading

Posted in accountants, actuaries, pensions | Tagged , , , | 5 Comments

Transparency as disinfectant


Wherever possible – organisations should aspire to be transparent in their dealings, sharing information with all stakeholders. Bank wins by being straight with customers Making information difficult to access causes problems. My friends at Quietroom tell the story of how, … Continue reading

Posted in accountants, actuaries, advice gap, pensions | Tagged , , | 2 Comments

Don’t make the teachers pay


  I am  sad to read that “academics face a big rise in their pension payments”. That’s the headline in the FT and it may be true. Another set of spurious numbers? The University Superannuation Scheme has completed it’s three … Continue reading

Posted in accountants, actuaries, advice gap, pensions | Tagged , , , , , , | 7 Comments

A Pension Food Bank for the DC saver


Ok – so it’s not a big news week for pensions , but well done Jack Gilbert of Citywire’s New Model Adviser for getting a meet with Frank Field, and well reported on what I can only call a “welcome … Continue reading

Posted in accountants, actuaries, Pension Freedoms, pension playpen, pensions | Tagged , , , | 1 Comment

The risks small employers run with workplace pensions


In yesterday’s blog, where I talked about the “Scally duty” on an employer to provide staff with pension information, created a lot of traffic on “social media”. Some of this may be down to it being a quiet week in … Continue reading

Posted in accountants, pensions, trustee | Tagged , , , , | 1 Comment

Put the customer first – help the pot follow member


I have recently been passed the slides of the PLSA?ABI+++ workshop on creating a common way for pension  pots to follow members. You can find them here. What a mess we are making of something so very simple! Here is … Continue reading

Posted in accountants, actuaries, auto-enrolment, pensions | Tagged , , , , , | 2 Comments