here’s what you’ve been saying
Stephen Glover on The Financial Scientologists Mark Meldon on The Financial Scientologists henry tapper on The Financial Scientologists Con Keating on The Financial Scientologists Catherine on Business gurus, leave our kids… Roger on FEAR+FRAUD. Does Geneva= Gibra… Adrian Boulding on Dashboard – heads or… henry tapper on We are losing women leaders- w… Gerry Flynn on We are losing women leaders- w… Rob Reid on We are losing women leaders- w… Adrian Boulding on We are losing women leaders- w… henry tapper on Why should we have to “e… henry tapper on Why should we have to “e… Jasper on Why should we have to “e… Simon Apperley on Why should we have to “e…
Category Archives: BSPS
The Great Pension Debate (II); July 10-11.
Al Rush is convening the clans to the Aberavon Beach Hotel in Port Talbot. You could – and most likely should – be there! If you want to crash your diary and head for Wales, you have only … Continue reading
Posted in advice gap, annuity, BSPS, pensions
Leave a comment
What now for the new BSPS and its members?
I was sent an announcement yesterday about the new British Steel Pension Scheme. It’s a complicated message and I’ve tried to add comments that explain what each paragraph means in a little easier way. My comments are in green. They … Continue reading
There’s nothing democratic about genocide. FCA should stop “contingent charging” today.
The FCA have published two papers on transfers A policy paper CP 18/6 “Improving the quality of pension transfer advice and A consultation paper CP 18/7 “advising on pension transfers”. The upshot of which is that The FCA has gone back to … Continue reading
Posted in BSPS, de-risking, Henry Tapper blog, pensions
Tagged CETV, CP18/6, CP18/7, FCA, Genocide, pensions
3 Comments
Are DB pensions benefiting from CETV de-risking?
It’s a fair question for a blogger to ask. I don’t have the answer and suspect that you’d get a different reply depending on who you asked. Here are the facts According to Hymans Robertson , The total value … Continue reading
Posted in annuity, Big Government, BSPS, pensions
Tagged de-risking, DWP, FCA, Hyman Robertson, LCP, ONS, pensions, Train crash
1 Comment
DB Transfers all but triple in a year.
Transfers to other pension schemes10 RKQR 6,810 6,084 5,363 13,221 12,777 34,245 Andy is referring to the Office of National Statistics update to “Investment by insurance companies, pension funds and trusts (MQ5)” -table 4.3: … The numbers are confirmed by … Continue reading
Transfer carnage at BSPS – the truth revealed
The full impact of transfers on the British Steel Pension Scheme has been revealed in this perfunctory tweet The British Steel Pension Scheme has paid just over £1.5bn from around 4000 DB transfers to date. Around 3700 transfers still to be processed. … Continue reading
The CMA and IDWG are looking for the right grubs under the wrong stones.
The Competition and Markets Authority has produced the first of a series of working papers (only 90 pages) looking at the buy-side of institutional intermediation (e.g. what happens between buying an asset and the return the customer gets). “The evidence reviewed … Continue reading
Posted in advice gap, brand, BSPS, pensions
Tagged CETV, chris sier, CMA, IDWG, James Baxter, pensions, Port Talbot, Tideway, Transfer
2 Comments
Contingent charging will sink DB transfers
IFAs who persist in conveyor belt transfers based on contingent charging will kill the transfer market. Why people are taking a punt if they pay on the never-never. The FCA have made it clear that to transfer out of … Continue reading
Posted in advice gap, BSPS, pensions
Tagged contingent charging, DB transfers, pensions, pricing, transfers
3 Comments
Bamboozled by vultures! – The Work and Pensions report on Port Talbot
Though it reveals little new, Frank Field’s report into what happened in the British Steel Pension Scheme is nothing if not a good read. But we shouldn’t allow headlines about sausage ‘n’ chips suppers and factory-gate skulduggery to get in … Continue reading
BSPS – with the benefit of hindsight.
“I wonder how many of the financial advisors who recommended transfers out , predicted a 10% drop in the stock market in one week? Not many is my bet.” This is a post on the main British Steel Pensioners Facebook … Continue reading
