Category Archives: advice gap

“Fund pays”. How platforms hide the bills till it’s too late.


I published a blog over the weekend , which is rather better for the comments it’s attracted. Indeed there’s an argument to read the comments and ignore the blog! The blog asked “what’s the point of platforms?”. I hadn’t expected … Continue reading

Posted in advice gap, pensions | Tagged , , , , , , , | 5 Comments

If we can’t measure CETV take up, how can we manage it?


There’s a well known phrase “if you can’t measure it, you can’t manage it”. The Government can’t measure the extent of DB transfers and I conclude that they can’t govern the transfer process until they do.     Here’s the … Continue reading

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What’s the point of these fund platforms?


  This is a comment from an IFA on the recent history of retail investment platforms in the UK. I find AJ Bell about the best, but they too have their moments. Aviva – Rubbish Aegon – Rubbish ATS – Rubbish … Continue reading

Posted in advice gap, pensions | Tagged , , , | 8 Comments

Aviva (unlike tPR) get it right on transfers.


    Well done Andy Briggs for saying what a responsible life company CEO should say . “Aviva backs ban on transfer advice charges“. Let’s be clear Aviva are not calling for a ban on defined benefit transfers, they are … Continue reading

Posted in advice gap, pensions | Tagged , , , , , | 6 Comments

Hey Willetts, leave those kids alone


The Resolution Foundation have today published a paper which has as its central thesis A policy shift is needed to mitigate risks and promote asset accumulation for all It calls on Government to intervene to make society fairer, at least … Continue reading

Posted in advice gap, pensions | Tagged , , , , , | 4 Comments

SJPEXIT and its implications.


Reading Colin Richardson’s excellent Governance Advisory Arrangement (GAA) report on SJP, I realised just how tough it is for anyone who doesn’t work for St James Place to take any sort of decision on an SJP Pension. Here – for … Continue reading

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Frank Field helps us spend our pensions


  Here is the main recommendation of Frank Field and  the Workplace Pension Select Committee’sfinal report of its inquiry into Pension freedom and choice published today. We recommend every pension provider offering drawdown is required, by April 2019, to offer a default … Continue reading

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

Don’t blame advisers for non-advised drawdown!


“Savers accessing the burgeoning non-advised drawdown market are failing to engage with information, investing in unsuitable investments and risking running out of money in retirement, an FCA probe has found”. – John Greenwood – Corporate Adviser. You can read the … Continue reading

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“Too prudent for its own good” – how under-risking DB schemes causes new problems.


Someone , somewhere on the multiple threads surrounding USS, has asked me if I think that transfers out of USS are likely to be the next miss-selling scandal.  I think it unlikely, and to explain why, I need to explain … Continue reading

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

The sharks using Brexit to prey on DB pensions.


  You don’t have to go to Spain or Dubai to get poor advice on managing your retirement finances – try France. In this article, Des Cooney from Axis Consultants in Paris offers British expats  this advice In the mean-time expats … Continue reading

Posted in advice gap, Brexit, pensions | Tagged , , , , , | 5 Comments