Category Archives: advice gap

Customer intolerance; why it’s tough for banks to be relevant.


  A couple of days ago I wrote about Barclays moving my credit card from i24 to their new “infinite” card. I’ve since had a detailed letter explaining what’s changed. I’m moving from MasterCard to Visa My annual membership cost … Continue reading

Posted in advice gap, Bankers, pensions | Tagged , , , , , | Leave a comment

Sorry tales from the riverbank.


I am on the river at last and Lady Lucy is in good shape for her five day Henley escapade. I had thought that escaping to Hurley and the Thames to have put behind me the tension from the referendum, … Continue reading

Posted in advice gap, pensions | Tagged , , , , , | 1 Comment

The soft underbelly of master trusts


  Many master trusts are absolutely rotten – they are not fit for purpose. Lots of advisers are using them as a back door way of bringing in commission, dressed up as high governance charges. The words of Barnett Waddingham’s … Continue reading

Posted in accountants, advice gap, auto-enrolment, pensions, Pensions Regulator | Tagged , , , , , , , , , , , , , | 2 Comments

Unbiased?


We all know that when we go on Google or Twitter, certain search results or tweets are promoted. We know that they are at the top of the list because they are market as promoted. The products that lie behind … Continue reading

Posted in advice gap, pensions | Tagged , , , , , , | Leave a comment

Sorting the sheep from the goats


  On Wednesday March 9th, the Work and Pensions Committee met to discuss auto-enrolment. This blog  looks at this conversation in some detail. It concludes that there is an urgent need for Government to clarify what liability there is on an employer … Continue reading

Posted in advice gap, auto-enrolment, pensions | Tagged , , , , , , , , | 1 Comment

Top 5 AE myths revealed – top blog from NOW pensions


Thanks to NOW Pensions for this healthy myth-buster – we’ll be spreading the word so no-one gets left behind This year up to 500,000 small firms will have to comply with the new auto enrolment legislation introducing workplace pensions for … Continue reading

Posted in accountants, advice gap, auto-enrolment, now, pensions | Tagged , , , , , | Leave a comment

“10 years too early, 10 years too late” – CDC stands on on an empty platform


Nearly eight years ago, the Government Actuary ‘s Department produced  a paper that effectively killed CDC. It argued that CDC could not be relied upon to deliver benefits with the same certainty as our DB system and that there was no … Continue reading

Posted in advice gap, CDC, Pension Freedoms, pension playpen, pensions | Tagged , , , , , , , , , , , | Leave a comment

Preparing for an auto-enrolment capacity crunch.


The Telegraph is running a story suggesting that the DWP are drawing up a plan B for auto-enrolment that could see the timeline for initial staging stretch to the next decade. Nannies, gardeners and staff at small firms may not get … Continue reading

Posted in accountants, actuaries, advice gap, auto-enrolment, NEST, pensions, Pensions Regulator | Tagged , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Why shouldn’t pot follow member? Guest blog from Ralph Frank


The Government has recently announced that it has suspended plans to require that defined contribution pension pots of less than £10,000 automatically transfer when savers change jobs (and related pension arrangements).  Although the legal compulsion for such transfers has been … Continue reading

Posted in advice gap, consolidation, pensions, pot | Tagged , | 1 Comment

Companies count the cost of pension freedoms


Pension freedoms are … creating a human resources burden, the CBI said, as company leaders try to ensure their older staff do not spend their pension pots early and face hanging on to their jobs when they should have retired. “Even … Continue reading

Posted in advice gap, dc pensions, defined ambition, defined aspiration | Tagged , , , , , , | Leave a comment