Category Archives: advice gap

Can we have our pension dashboard back?


The DWP, flush with successfully delivering auto-enrolment is now setting its sights on delivering a “pension dashboard”. The dashboard should allow every adult in the UK to see their pension rights, not just from the State, but from occupational and … Continue reading

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

Straight talking and honest representation


This morning I and three members of BSPS, give oral evidence to the Work and Pensions Select Committee at Parliament. We have been asked to speak about our experiences and comment on lessons that can be learned. The four of … Continue reading

Posted in advice gap, BSPS, pensions | Tagged , , , | 2 Comments

Financial Regulators aren’t carved out of stone – they need a merry Christmas too!


Financial Regulation seems a brutal business, impersonal and intimidating. Necessarily, a degree of formality is needed in one’s conduct on both sides.  I would not feel comfortable at the FCA’s Christmas party nor they at mine. But that does not … Continue reading

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

TATA GPP – an investable option for BSPS members with a CETV.


I’ve received the following note from Aviva with regards the TATA group personal pension which has replaced BSPS as the corporately sponsored pension arrangement going forward. Thanks for your note below re the query you have received from a BSPS … Continue reading

Posted in advice gap, de-risking, pensions, social media | Tagged , , , , | 15 Comments

Following the money away


  There is a simple rule in investment matters, “if you can’t understand it, don’t invest in it”. Which is why the FCA stop people with limited investment understanding investing in compex financial products . It is why transparency matters, … Continue reading

Posted in advice gap, FCA, Fiduciary Management, Financial Conduct Authority, pensions | Tagged , , , , , , | 3 Comments

Why I’m for “patient capital”


‘Patient capital’ plan could unlock pensions savings limits https://t.co/Du4qIqcSs3 via @FT — Josephine Cumbo (@JosephineCumbo) November 24, 2017   I missed the consultation on “patient capital” but I’m pleased that it’s resulted in a proposal was put forward by an … Continue reading

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

TPAS offer BSPS a dedicated helpline. Don’t leave your choice to chance!


If you are a steelworker , you now have help on your pension options from TPAS. This is great news. As from this morning, members of BSPS, can call experienced pension people who can discuss the scheme with the experience … Continue reading

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

We have “capitalism without the capital” – we should be patient!


It’s budget day and Nigel Wilson has been on Wake up to Money, urging the Chancellor to encourage Britain to invest positively for its future. He tells us that Britain has “Capitalism without the Capital”, he’s right and I’m with the … Continue reading

Posted in advice gap, pensions | Tagged , , , , , , | 3 Comments

How green is my pension?


Aberdeen Standard and FT sold out their conference on the DC investment default this week and kicked off the morning with a discussion on ESG and the greening of our pension pots. As I listened, NOW Pensions sent me a press … Continue reading

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

“The belly of the beast” – Con Keating and the Investment Association


Con Keating is not everybody’s cup of tea, but he’s mine – especially when he’s after  transparency. This shows him with a timely warning to those who think leaving transparency in the hands of the Investment Association is a good … Continue reading

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