Category Archives: advice gap

Whatever happened to the reform of pension tax relief?


The Government’s plans to resolve the injustices of the Pension Tax Relief system appear to have been ditched. Announced in the budget of 2015, expected in that year’s autumn statement and postponed in the months running up to this year’s … Continue reading

Posted in advice gap, annuity, auto-enrolment, pensions | Tagged , , , , | 2 Comments

Tax-subsidies on retirement advice; a waste of public funds!


The Government intends to extend tax breaks on pensions to allow those with pension pots to use them to pay for advice. The details are in this consultation document. The fundamental premise is that taking financial advice on retirement matters … Continue reading

Posted in advice gap, consultant, dc pensions, de-risking, defined ambition, pensions | Tagged , , , , , , , , | 4 Comments

A tragic tale of a split pension.


    This is the sad story of how someone, intent on running her finances independently of her “ex”, destroyed her personal financial security. It relates to a former member of my family and I am desperately sorry for her, … Continue reading

Posted in advice gap, annuity, pensions, Pensions Regulator | Tagged , , , , , , , | 13 Comments

“Workie Vicit” – tPR on the state of AE


   The Pension Regulator has published its snappily entitled Automatic enrolment commentary and analysis report 2015/16 The first question I asked as I opened its 45 pages was “who’s it for?“. TPR’s primary stakeholder is the DWP which funds it and … Continue reading

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

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

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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

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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

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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

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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

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