Category Archives: accountants
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 Actuarial, chicken licken, Frank Field, pensions, Teachers, USS, valuation
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 new model adviser, Pension Freedoms, pensions, The Pensions Regulator
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 Obligation of Good Faith, pensions, Scally, Scally duty, workplace penson
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 NEST, NOW Pensions, Origo, pensions, Pensions Bee, Pot follows member
2 Comments
Four ways to harvest what auto-enrolment has sown!
We have to think how we can best support the 1m employers who have workplace pensions. Here are some solutions we’re coming to. Continue reading
Posted in accountants, auto-enrolment, NEST, now, pensions
Tagged AE, auto enrolment, NEST, pensions, Technology, TPR
1 Comment
From Denham to Sier – a 1% world!
You know how sometimes a little fact gets stuck in your head for no apparent reason? Back in 1998, I was reading an article by the then Pensions Minister John Denham. He stated that if we could reduce the … Continue reading
Posted in accountants, advice gap, pensions
Tagged 1, 1% world, chris sier, Dr Chirs Sier, FCA, John Denham, workplace Pensions
3 Comments
Is the University Superranuation Scheme suffering fantasy deficits?
First the big picture Universities aren’t going away, nor are the people who teach in them, administrate them and provide the infrastructure that keeps them going. Many of our universities have survived wars, plagues, great fires as well as many … Continue reading
Posted in accountants, actuaries, advice gap, pensions, Public sector pensions
Tagged Deficit, Fees, John Ralfe, pensions, USS
14 Comments
First Actuarial – “scaremongering on solvency is driving people to cash-out their DB pensions.”
In a week when we learned pension freedom withdrawals hit a record £1.9bn, First Actuarial warns advisers’ exaggerated concerns about the ongoing viability of defined benefit (DB) schemes is contributing to the recent surge in people cashing out. A … Continue reading
Posted in accountants, actuaries, advice gap, pensions
Tagged CETV, DB, Defined Benefist, Fab Index, FABI, pensions, transfers
6 Comments
The Department of Workplace Procrastination?
Keen to dispel the impression that the DWP does absolutely nothing with its time, its new Secretary of State , David Gauke has promised that the Government “will not shy away from taking decisions on pensions“. This statement was made … Continue reading
Posted in accountants, Airlander, pensions
Tagged DWP, Gauke, Opperman, pensions, Teasury
3 Comments
If you see bad advice – say something!
I was very pleased to read Natalie Holt’s article in Money Marketing, we need a better way to deal with bad advice. It deals with public perceptions of financial advisers and is uncompromising. The reality of advice is lost … Continue reading
Posted in accountants, actuaries, advice gap, pensions
Tagged advice, FCA, FSCS, IFA, Membership, self-regulation
5 Comments