Category Archives: BSPS

New research shows BSPS transfers driven by fear not greed.

Posted on June 24, 2019 by

  I have on my google drive a piece of research conducted by one of my friends – a steelworker himself – who was one of the main pillars of support for steelworkers faced with the hard choice of whether … Continue reading →

Posted in BSPS, pensions | Tagged , , , | 5 Comments

British Steel – workplace pensions go missing

Posted on May 22, 2019 by

Maria Espadinha’s  excellent article in the FT’s Advisor clarifies to financial advisers that were Greybull to go into administration, there would be no impact on the new BSPS.  It’s a timely reminder as there will undoubtedly be increased vulnerability amongst traumatised … Continue reading →

Posted in advice gap, BSPS, pensions | Tagged , , , , , , | 6 Comments

Great Pension Debate 4 – Port Talbot revisited

Posted on May 3, 2019 by

Al Rush is organising the fourth episode of the Great Pensions Debate. Here – in Al’s inimitable style, is what this is all about. You can sign up for the Great Pension Debate 4 by following this link, all you … Continue reading →

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Contingent charging – a conflict too far

Posted on April 22, 2019 by

  BSPS was always going to cause collateral damage. The aftershocks of the £3bn that left the scheme during “Time to Choose” are now being felt by financial advisers as the testimonies in this article show. The advisers are talking … Continue reading →

Posted in advice gap, BSPS, pensions | 2 Comments

BSPS – is the “dam breaking”

Posted on March 3, 2019 by

The imagination of Al Rush is stirred by deeds of the RAF so I smiled to see this Facebook post. Being on the other side of the planet, I had not picked up on this press release from the FCA. … Continue reading →

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The FCA finally get to the bottom of why transfers have been mis-sold.

Posted on December 7, 2018 by

I feel like singing hallelujah! The FCA’s findings from their transfer review are brilliantly presented here by NMA’s Talya Mistry.Misiri Here’s how she sums things up The findings highlighted that less than 50% of advice was suitable. It said that … Continue reading →

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

Now that’s what I call financial advice.

Posted on November 23, 2018 by

I’m quoting Al Rush from the Facebook post he made yesterday evening following the meetings of steelworkers with MPs and Regulators yesterday.  Al’s message to the steelmen Sometimes, in my line of work, it can be dispiriting to work for … Continue reading →

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For the ripped-off steelworkers – today’s about doing it together!

Posted on November 22, 2018 by

This morning, around 15 Port Talbot steelworkers will make their way from Paddington to Westminster to meet MPs – keen to help them in their pension plight. They will be greeted at the Cromwell Gate by a lot of media … Continue reading →

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Some odd things about partial transfers.

Posted on October 25, 2018 by

There’s a debate going on between Al Rush, Jo Cumbo, Steve Webb and a number of others with regards partial transfers from defined benefit schemes. Want to go 50:50 with a “final salary” pension transfer? Ford will soon let employees … Continue reading →

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Will a “Transfer Value Comparator” work?

Posted on October 12, 2018 by

t DB transfer activity has begun to stabilise, with far more transfers being quoted and taken every quarter compared with the position before the new freedom and choice flexibilities were introduced by the Government in 2015. Bart Huby LCP Aug … Continue reading →

Posted in advice gap, BSPS, pensions | Tagged , , , , , , | 4 Comments