Category Archives: annuity

It’s not “advice v guidance”; it’s “advice v selling”.


  I have in my hand a little A5 leaflet from the Pensions Advisory Service , entitled Advice and Guidance ; Recognising the difference. I will try to get an electronic link to it but for now you’ll have to … Continue reading

Posted in advice gap, alvin hall, annuity, pensions | 3 Comments

Advising the 5,000; so where are the loaves and fishes?


The mass market of people retiring over the next few years  no default means to spend their money and no access to suitably priced advice. That is the conclusion of the FCA consultation on Retirement Outcomes that has just closed. … Continue reading

Posted in annuity, auto-enrolment, pensions | Tagged , , , , , , | 2 Comments

Restoring victim’s confidence in pensions


The confidence I have in pensions is because I know the people who are at the helm give a damn. I am lucky, I can bump into them in all kinds of ways. It is easy for me to say … Continue reading

Posted in actuaries, advice gap, annuity, pensions | Tagged , , , , , , , | 1 Comment

John Ralfe, Ros Altmann and the cost of central heating.


John Ralfe kindly promoted my article on the lack of diversity in the AE review. The AE review and the pension stitch up. https://t.co/8585n7hOEL via @henryhtapper is spot on — John Ralfe (@JohnRalfe1) February 11, 2017 //platform.twitter.com/widgets.js Responsible John By … Continue reading

Posted in annuity, auto-enrolment, pensions | Tagged , , , , , , | 3 Comments

Let’s put an end to pension transfer privilege.


“Sexy cash” legitimised? A few years ago , Sir Steve Webb, then our pension minister, stood in front of the PLSA and berated Boots and its pension scheme for tempting members out of the pension scheme with cash incentives. He … Continue reading

Posted in annuity, auto-enrolment, pensions | Tagged , , , , , , , , , | 1 Comment

Smoke and daggers (Con Keating on ”confusions and misunderstandings”)


This article was published in yesterday’s Professional Pensions and is published here in its entirety with the permission of Con Keating. A search on Con Keating will give up other articles on this topic to which this blog refers! Given … Continue reading

Posted in annuity, pensions | Tagged , , , , | 2 Comments

Please don’t die-I was enjoying your annuity!


News that Government has finally put the Secondary Annuity Market down is no surprise. It was one of Steve Webb’s worst ideas and has proved about as popular as Osborne. Economically, the creation of a market in annuities is a … Continue reading

Posted in annuity, pensions | Tagged , , , , , , , | 2 Comments

Whatever happened to the reform of pension tax relief?


The Government’s plans to resolve the injustices of the Pension Tax Relief system appear to have been ditched. Announced in the budget of 2015, expected in that year’s autumn statement and postponed in the months running up to this year’s … Continue reading

Posted in advice gap, annuity, auto-enrolment, pensions | Tagged , , , , | 4 Comments

A tragic tale of a split pension.


    This is the sad story of how someone, intent on running her finances independently of her “ex”, destroyed her personal financial security. It relates to a former member of my family and I am desperately sorry for her, … Continue reading

Posted in advice gap, annuity, pensions, Pensions Regulator | Tagged , , , , , , , | 13 Comments

Secondary annuities- more questions than answers


  I’ve been asked for my views on secondary annuities. I asked myself would I trade my annuity. Of course, I wouldn’t, I wouldn’t buy one. I wouldn’t sell my state pension, I wouldn’t sell my rights to my defined … Continue reading

Posted in annuity, dc pensions, de-risking, pensions | Tagged , , , , , , , , , , | Leave a comment