Category Archives: BSPS

Fairy tale of Taibach

Posted on December 24, 2017 by henry tapper

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 →

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

When does “creative disruption” become “scaremongering”?

Posted on December 21, 2017 by henry tapper

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 →

Posted in BSPS, pensions | Tagged , , , | 3 Comments

Steelworkers – what to do now!

Posted on December 16, 2017 by henry tapper

  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 →

Posted in Blogging, BSPS, pensions | Tagged , , , , , | 4 Comments

30,000 is a lot of people.

Posted on December 15, 2017 by henry tapper

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 , , , , , | 7 Comments

Frank Field and the “two worlds” of pensions.

Posted on December 14, 2017 by henry tapper

    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 , , , , , , | 4 Comments

Straight talking and honest representation

Posted on December 13, 2017 by henry tapper

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 , , , | 2 Comments

The Steelworkers submission to parliament

Posted on December 11, 2017 by henry tapper

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 →

Posted in BSPS, pensions | Tagged , , , , | 1 Comment

A pension settlement needs general agreement.

Posted on December 11, 2017 by henry tapper

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 , , , , | Leave a comment

Why CETVs at BSPS have changed so much.

Posted on December 6, 2017 by henry tapper

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.

Posted on December 6, 2017 by henry tapper

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 , , , , , | 10 Comments