Category Archives: advice gap

The impact of banning contingent charging for pension transfers

Posted on June 6, 2020 by henry tapper

The end of an era After over three years of mounting pressure, the FCA yesterday announced it would be banning the practice of contingent charging for work on Defined Benefit transfers from October 1st. Although some pipeline cases will conclude … Continue reading →

Posted in advice gap, BSPS, Change, DWP, FCA, pensions | Leave a comment

What happened in week 10; science from the COVID Actuaries

Posted on June 6, 2020 by henry tapper

  Every week, more is written on COVID-19 than any individual could possibly read. Collectively, the COVID‑19 Actuaries Response Group read more about the outbreak than most, so we’ve decided each Friday to provide you with a curated list of … Continue reading →

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

The FCA bans contingent charging on transfers – 7,700 steelmen to be written to

Posted on June 5, 2020 by henry tapper

Here is the decision taken by the FCA on how advice is charged for on DB transfers. It is precisely the position that I had hoped for and will ensure that DB schemes will continue to provide pensions to many … Continue reading →

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

Why planning for “care” is everyone’s business

Posted on June 5, 2020 by henry tapper

Whether we are carers or ‘cared for’, we are likely to be involved in caring in the future. Of course the pandemic has highlighted the under-funding of residential care homes and the lack of support given to many home carers, … Continue reading →

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

Facemasks for public use – Nicola Oliver

Posted on June 5, 2020 by henry tapper

    Introduction The question of whether to protect yourself from becoming infected with the SARS-CoV-2 virus by wearing a mask in public places is one that has been vigorously debated. The counter-argument to mask use is that it will … Continue reading →

Posted in actuaries, advice gap, coronavirus, pensions | Leave a comment

The other way to value DB schemes- Clacher and Keating.

Posted on June 3, 2020 by henry tapper

  DB scheme value Valuation – the long way round Our blog (May 28th) calling for a bonfire of pension regulation led to a surprising amount of interest and a wide range of questions and even some requests for expansion … Continue reading →

Posted in accountants, actuaries, advice gap, de-risking, pensions | Tagged , , , , , , | 5 Comments

C19 Actuaries Friday Report – May 29th

Posted on May 30, 2020 by henry tapper

Modelling – reports European Centre for Disease Prevention and Control Projected baselines of COVID-19 in the EU/EEA and the UK for assessing the impact of de-escalation of measures As the UK and EU/EEA countries start to de-escalate lockdown and other … Continue reading →

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

COVID-19 – our chances IF we survive.

Posted on May 27, 2020 by henry tapper

      Introduction Given the complexity of the question, and the different facets, we are breaking our commentary on this question into three bulletins: What is the likely mortality of the ‘survivor pool’ in the short term? What are … Continue reading →

Posted in actuaries, advice gap, consultant, coronavirus, pensions | Tagged , , , | Leave a comment

ONS Data and CMI analysis shows how bad UK COVID deaths actually are.

Posted on May 27, 2020 by henry tapper

The statistics keep coming and our man with his eye on the data is Stuart McDonald (aka @actuarybyday) Here is his interpretation of what’s happening with some sobering thoughts in case we thought it was all over. Latest ONS deaths … Continue reading →

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

The still small voice of calm

Posted on May 27, 2020 by henry tapper

Yesterday was busy for me and  I didn’t have a chance to see the comments on my blog-either on twitter or on the blog during work-time.  The blog called on us to move on and let Cummings be. Yesterday evening … Continue reading →

Posted in advice gap, age wage, coronavirus, pensions | Tagged , , , | 18 Comments