Category Archives: advice gap
A Minister Drinking the Regulator’s Kool-Aid – No Consolation
An article by Con Keating The preamble to a recent article in Professional Pensions by the Pensions Minister, Guy Opperman, read: ” In the fourth of a five-part series of articles for PP, pensions minister Guy Opperman sets out how … Continue reading
Posted in advice gap, de-risking, DWP, guy opperman
Tagged Con Keating, consolation, consolidation, DB, DWP, Funding Code, Pension Regulator, Pensions, politics, Retirement, TPR
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The curse of wealth (and the pleasure from income)
The purpose of money is to pay for things that are needed. The definition of need varies but the link with liability is strong. For most people , the fear of not being able to pay for things we need … Continue reading
Posted in advice gap, age wage
Tagged curse, curse of wealth, financial planning, Wealth, wealth management
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“In pensions we trust” – when our data is trusty!
Yesterday I talked about how we can performance analysis of individual pension pots to sense check the quality of data. The idea is to make sure that once contributions reach the pension provider, they are properly recorded and people can … Continue reading
Posted in advice gap, age wage, Treasury, trustee, workplace pensions
Tagged big-data, Centrica, Data, Pensions, Power, Transparency, trust
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A breakthrough in measuring the quality of DC scheme data.
One of the critical issues facing Government in establishing a pensions dashboard is “data readiness”. Currently it is in a relatively weak position to argue that schemes are or aren’t dashboard ready, since it has no way either to … Continue reading
Posted in advice gap, age wage, Dashboard, dc pensions, digital
Tagged advice, auto enrolment, Business, Business and Economy, Dashboard, Data, DWP, Government, pension
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Pensions are stranded off-line; this must change!
Alistair “@HelloMcQueen “McQueen has the knack of finding insights where others fail to look. Here he is showing us how our behavior has changed radically as a result of a little spikey ball that none but scientists has seen and … Continue reading
Posted in advice gap, Dashboard, dc pensions
Tagged Dashboard, lost pots, PDP, Pension Dashboard
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Sexy-cash is back incentivizing pension transfers – let’s nip this in the bud
When you move your pension to an AJ Bell Youinvest SIPP, we’ll reward you with between £100 and £2,000 cashback to say thank you. The more you transfer, the more you’ll get. T&Cs apply. Capital at risk. Check for benefit … Continue reading
Posted in actuaries, advice gap, age wage
Tagged AJ BEll, Pensions, Sexy-cash, Steve Webb
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Is GMP equalization an opportunity or a sand trap for advisers?
There is a roaring silence surrounding the second judgment on GMP equalisation which was delivered against the Lloyds Banking Group pension scheme but impacts all DB pension schemes that contracted out using the Government’s system of Guaranteed Minimum Pensions. The … Continue reading
Five ways the change from RPI may impact you and your pension
It doesn’t matter if you are an employer or a DB pensioner or a DC saver, the Government’s decision to move from RPI to CPIH in 2030 will almost certainly impact you. The winners in this will be the … Continue reading
“Sooner being better than perfect” a model for our times.
There’s a tremendous post on social media from Tan Suee Chieh , president of the IFOA which outlines the principles that enabled Louis Gerstner to transform IBM. Gerstner Principles • Manage by principle, not process • Market driven (or membership … Continue reading
CPI, RPI and CPIH – get up to speed pension people!
I first published this blog in May 2017. Since then the Treasury has been consulting on the RPI/CPI/CPIH issues identified by the Royal Statistical Society. The result of that consultation is due anytime (most likely Wednesday 25th November). The … Continue reading
Posted in advice gap, pensions, Retirement
Tagged CPI, CPIH, Mike Harrison, Pensions, Royal Statistical Society, RPI
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