Category Archives: BSPS
Fairy tale of Taibach
T’was Christmas Evening , in Port Talbot An old prop said to me, “here’s my CETV” And so he sat me down, “a Brains for me and you?” He could see a better world, where all his dreams came true … Continue reading
When does “creative disruption” become “scaremongering”?
It’s an important question to anyone who is involved with the BSPS. Today is the penultimate of Time to Choose, over the past week, the main job has been to encourage those who have not made an active choice, to … Continue reading
Steelworkers – what to do now!
Here is my advice – don’t worry – people are looking out for you. If you have sent your options form and have not heard back, do not worry. There is no need to panic, don’t send more option … Continue reading
30,000 is a lot of people.
At Wednesday’s hearing of the Work and Pensions Select Committee, Allan Johnston (Chair of the Trustees) told us that there were some 30,000 people who had yet to submit their option to BSPS in their Time to Choose. Although he … Continue reading
Posted in BSPS, drawdown, pensions
Tagged BSPS, BSPS2, Drawdown, Pension Protection Fund, pensions, ppf
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Frank Field and the “two worlds” of pensions.
On Thursday 13th December the Workplace and Pensions Select Committee took evidence from a variety of people with an interest in the choices members have to take as part of Time to Choose, but in the context of the … Continue reading
Posted in BSPS, pensions
Tagged Al Rush, BSPS, FCA, Frank Field, Megan Butler, pensions, The Pensions Regulator
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Straight talking and honest representation
This morning I and three members of BSPS, give oral evidence to the Work and Pensions Select Committee at Parliament. We have been asked to speak about our experiences and comment on lessons that can be learned. The four of … Continue reading
Posted in advice gap, BSPS, pensions
Tagged BSPS, Steel, tata, Work and Pensions Select Comittee
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The Steelworkers submission to parliament
1. Social Media Rich Caddy created the British Steel Pension Members Facebook Group in April 2016 when Tata made their announcement about the future of Tata Steel UK (TSUK) Ltd and the potential impact on the British Steel Pension Scheme. The … Continue reading
A pension settlement needs general agreement.
I spent most of this cold dark weekend putting together a submission to the FCA on what we know is happening to millions of pounds of money that has been disinvested from the British Steel Pension Scheme and reinvested through … Continue reading
Posted in BSPS, Pension Freedoms, pensions, Royal Mail
Tagged BSPS, CWU, first actuarial, Royal Mail, USS
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Why CETVs at BSPS have changed so much.
This letter explains why a former BSPS member claimed on BBC News last night that he had lost hundreds of thousands of pounds by timing his transfer request wrong; or- as he claimed – because he was badly advised over timing. The letter ends and … Continue reading
Posted in BSPS, Financial Conduct Authority, pensions
4 Comments
Commission – the charge that dare not speak its name.
I feel like someone walking to a destination with a blindfold on, I am getting information from my phone but it is intermittent and there are many obstacles that I stumble over as I walk along. Thankfully, there are people … Continue reading
Posted in BSPS, dc pensions, Financial Conduct Authority, pensions
Tagged BBC, Commission, FCA, IFA, pensions, Transparency
10 Comments