Category Archives: BSPS

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


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

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Now that’s what I call financial advice.


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!


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.


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?


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

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AE – a day of reckoning to come?


More of us are saving, but we aren’t saving any more. The democratisation of pension saving – arising from auto-enrolment is a great thing – everyone can dare to dream of stopping work under their own power. But there is … Continue reading

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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

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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

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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

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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

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