Category Archives: de-risking

More fun and games in the crazy world of pension transfers


It didn’t take long for the ripples from the Lloyds Bank GMP equalisation ruling  to reach the crazy land of pension transfers.  Within a few days of the Judge Morgan’s verdict we hear that thousands of people are having their pension transfers delayed … Continue reading

Posted in dc pensions, de-risking, pensions | Tagged , , | 1 Comment

This week – we hope to be able to talk about the “benefit of pensions” again!


This is a blog about the economic utility of pension management. It’s written because the first thing that hit me this morning was this almost confessional comment from George Norval, Group Pensions Manager at Berensden. Is the DB Pensions Manager … 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

Posted in BSPS, de-risking, Henry Tapper blog, pensions | Tagged , , , , , | 3 Comments

What is CDC and does it matter?


Collective Defined Contribution Schemes (CDC) are back in the news. There are two reasons for this The Workplace and Pensions Committee have set up an enquiry into CDC Royal Mail and the CWU intend to move to a CDC basis … Continue reading

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TATA GPP – an investable option for BSPS members with a CETV.


I’ve received the following note from Aviva with regards the TATA group personal pension which has replaced BSPS as the corporately sponsored pension arrangement going forward. Thanks for your note below re the query you have received from a BSPS … Continue reading

Posted in advice gap, de-risking, pensions, social media | Tagged , , , , | 15 Comments

Pension Advice; it’s all about getting paid.


I have read and listened to a lot about professional integrity.  Having been an IFA and being now a fee-based consultant, I know that the first thought you go to bed with (and wake up with) is “how am I going to get … Continue reading

Posted in BSPS, dc pensions, de-risking, pensions | 4 Comments

Finger in the dyke stuff! DC pricing is just too leaky Jon!


Jonathan Stapleton has written a deliberatively provocative piece in Professional Pensions which will be applauded by the operators of workplace pensions but is going to get short shrift from me.   You can read  Jonathan’s opinions here. The gist of Jonathan’s … Continue reading

Posted in auto-enrolment, dc pensions, de-risking, Debt, NEST, now, pensions | Tagged , , , , , | 2 Comments

DB pension heading for the PPF? – Read this!


  Here are some things you didn’t know about the Pension Protection Fund (PPF). If you are in a pension scheme heading in that direction you should read this! While most people think it would be an unmitigated disaster to see … Continue reading

Posted in de-risking, pensions, workplace pensions | Tagged , , , , , | 4 Comments

Tax-subsidies on retirement advice; a waste of public funds!


The Government intends to extend tax breaks on pensions to allow those with pension pots to use them to pay for advice. The details are in this consultation document. The fundamental premise is that taking financial advice on retirement matters … Continue reading

Posted in advice gap, consultant, dc pensions, de-risking, defined ambition, pensions | Tagged , , , , , , , , | 4 Comments

Secondary annuities- more questions than answers


  I’ve been asked for my views on secondary annuities. I asked myself would I trade my annuity. Of course, I wouldn’t, I wouldn’t buy one. I wouldn’t sell my state pension, I wouldn’t sell my rights to my defined … Continue reading

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