Category Archives: age wage

Auto enrolment isn’t SERPS

The original AE workplace pension Many years ago I was involved with  the Kingfisher Retirement Trust, a bare COMP that just about competed with SERPS for value because it offered employees lower national insurance and the semblance of a pension. … Continue reading

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Folly in the Pensions Landscape

Every month of every year I get a request from someone for information on the Pensions Landscape in the UK and where people can get reliable stats on where our pension savings go. The answer I give them is to … Continue reading

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Bosses + trustees talk “pension choices” too!

This blog looks at what the FCA is planning to do to regulate the way unadvised drawdown plans are presented to customers. This follows the publication on a further policy paper from the FCA – CP 19/21 The point of … Continue reading

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Do we have to wait for the car crash, before we mend the road? CP19/25

Around £12bn worth of DB pension pots could have been subjected to poor transfer advice, based on these FCA figures. This is over one year alone. pic.twitter.com/eUPWu8UoL0 — Josephine Cumbo (@JosephineCumbo) July 30, 2019 It is now too late to … Continue reading

Posted in advice gap, age wage, BSPS, dc pensions, de-risking, pensions | Tagged , , | 4 Comments

Transfers + workplace pensions;- RU64 2.0

Have a look at chapter 4 of CP 19-25   Ongoing conflicts of interest We are proposing strengthening our existing requirements that advisers giving pension transfer advice should consider an available workplace pension as a receiving scheme for a transfer … Continue reading

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The tawdry state of DC cost disclosure

  NOW pensions, perhaps tired of being labelled the pariah of master trusts has come out fighting with the following table which shows in certain circumstances, their charging structure provides good outcomes, investment returns being even. Because of the peculiar … Continue reading

Posted in advice gap, age wage, auto-enrolment, pensions | 3 Comments

The CMA’s “remedies” – an opportunity blown.

I had rather lost touch with the progress of the CMA’s investigation into the activities of investment consultants , frankly it doesn’t seem to have been on anyone’s radar recently so the investment consultants have clearly done a good job … Continue reading

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How are our retirement savings actually doing?

    As indicated in the picture above, pension providers treat inquiries about past performance as carcinogenic. They do not go out of the way to tell us the value we’ve got for our money. I wonder how many people … Continue reading

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Is Direct Investment the way forward for pension savers?

  It’s a third of a century since Sid spread the word about the bargain of buying British Gas shares.  The dream of a shareholding democracy flickered, spluttered and was finally snuffed out by funds. Nowadays – direct investment in … Continue reading

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“Your pay-rise is a pension rise”

  I often “wake up to money” but not to this! In a discussion about when we last got a pay-rise, one listener mailed in that her boss told her “your pay-rise is a pension rise” It’s the first time … Continue reading

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