Category Archives: advice gap

Ros Altmann on Pension Stripping (and much more)

Posted on August 12, 2020 by henry tapper

I have resisted commenting so far, but feel that, having been at the helm of the ‘Stripped of our Pensions’ campaign to get Government to compensate people who lost their entire pension after a lifetime of contributions and successive official … Continue reading →

Posted in actuaries, advice gap, pensions, Ros Altmann | Tagged , , , , , , | 7 Comments

Justice delayed is only just justice. The Avacade judgement is 7 years late

Posted on August 11, 2020 by henry tapper

Two companies ordered to pay £10.7m to investors sold risky #pension investmentshttps://t.co/pfDPr1UiO0 via @financialtimes — Josephine Cumbo (@JosephineCumbo) August 10, 2020 The FCA’s judgement against Avacade and Alexandra Associates is justice but only just. The FCA is requiring the two … Continue reading →

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“Dragging pensions out of the digital stone age”

Posted on August 8, 2020 by henry tapper

New data today. Record numbers are using the internet. Record numbers are also investing in pensions. You’d never know. We must drag pensions out of the digital stone age. https://t.co/j3To2IpsmP pic.twitter.com/T4XErS6jqo — Alistair McQueen (@HelloMcQueen) August 7, 2020 I was … Continue reading →

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

Is value only in the eye of the beholder?

Posted on August 7, 2020 by henry tapper

Yesterday’s blog on the capacity of “value” to simplify pensions has solicited some strong comment and a very interesting debate on linked in I am  interested in the comments of Simon Ellis who has been assessing value in funds For … Continue reading →

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Our best shot at pension simplification in a generation!

Posted on August 6, 2020 by henry tapper

It’s an interesting time right now for those involved in DC regulation. This blog suggests that if we can find a single definition of value for money that is acceptable to TPR and FCA, then we can massively simplify DC … Continue reading →

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Pension Bee and the fintech annuity

Posted on August 5, 2020 by henry tapper

Legal & General Retail Retirement has agreed a new partnership  to provide annuities to PensionBee customers. From 3rd August, customers enquiring about an annuity with PensionBee will be introduced to Legal & General for further information, or to get a … Continue reading →

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

DC Governance – “for the saver not the sponsor”.

Posted on August 3, 2020 by henry tapper

The simplest way of looking at the shift from DB to DC in the UK over the past 25 years as a risk transfer from collective (underwritten by a sponsor) to individual (with no underwriting – even where there is … Continue reading →

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Prem Sikka’s peerage – its value to accounting , governance and pensions

Posted on August 2, 2020 by henry tapper

Prem Sikka, too, is an appointment to be welcomed as strengthening the Lords pensions team. Read his monograph from 2006, “Pensions crisis a failure of public policymaking”, https://t.co/xBHu7dgVKJ. Chapter 2: THE PENSIONS CRISIS: FACT AND FICTION explains the valuation and… … Continue reading →

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“That’s an interesting choice”

Posted on August 2, 2020 by henry tapper

“That’s an interesting choice” is a statement that interests me a lot. It is an entirely satisfactory response to a test we have just started with the FCA in which we allow people to compare pension pots by way of … Continue reading →

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Bryn Davies ; Our new voice in the Lords

Posted on August 1, 2020 by henry tapper

There were three peerages created yesterday for services to pensions , all three deserved. Frank Field and Helena Morrissey are high profile and  fly their own flags, Bryn is less well known but no less deserving. Bryn’s career Brinley Howard … Continue reading →

Posted in actuaries, advice gap, age wage, pensions | Tagged , , , , | 1 Comment