Category Archives: DWP

The impact of banning contingent charging for pension transfers

The end of an era After over three years of mounting pressure, the FCA yesterday announced it would be banning the practice of contingent charging for work on Defined Benefit transfers from October 1st. Although some pipeline cases will conclude … Continue reading

Posted in advice gap, BSPS, Change, DWP, FCA, pensions | Leave a comment

“The way we were” – DWP AE Evaluation

In normal times, the publication of a major Government review of auto-enrolment would be newsworthy. Apart from a series of mentions by Jo Cumbo, I have seen no publicity for it – from the DWP or their press office or … Continue reading

Posted in age wage, DWP, pensions, Pensions Regulator, Retirement | Tagged , , , , , | Leave a comment

All plans off for DB funding proposals

I’m sorry to have missed the FT’s DB funding debate, it sounds like a lively affair! Mercer, the professional services firm, last week estimated the aggregate accounting deficit for DB schemes for the UK’s 350 largest listed companies was £52bn … Continue reading

Posted in actuaries, advice gap, Blogging, dc pensions, de-risking, defined ambition, DWP, pensions | Tagged , , , , , , , | 1 Comment

What do savers and pensioners say on climate change?

  Three events have dominated my news this week The impact of Coronavirus on people, events and financial markets The ruling against Heathrow’s third runway interventions by the DWP to ensure schemes measure and mange their carbon footprint. The arguments … Continue reading

Posted in age wage, DWP, ESG, pensions | Tagged , , , , | 6 Comments

DWP’s blooper – find, forgive and forget.

As Twitterstorms go – it wasn’t in the Dennis or Ciara category, but this video put out by the DWP has got some notable tongues wagging I wouldn’t expect much nuance in a video for Twitter, but “your funds grow … Continue reading

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Why delays in dashboard delivery hit the worst-off hardest

  This blog looks at how the information from the pensions dashboard could help those on low incomes with low savings and it focusses not on how they save, but how they spend their savings. I had hoped , following … Continue reading

Posted in advice gap, age wage, DWP, MAPS, pensions | Tagged , , , , , | 1 Comment

MAPS frustrate

  It’s been a frustrating year for the Money and Pensions Service – MAPS and for businesses that hoped to work with it. When John Govett was revealed as its new CEO this time last year, I wrote confidently of … Continue reading

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DWP – should the top topple when the spinning stops?

I can’t remember another occasion when a Government department was stopped from lying to the people it serves by a Government agency. But that is what happened yesterday. The fact is that the Advertising Standards Agency has banned four of the … Continue reading

Posted in advice gap, DWP, pensions | Tagged , , , , | 6 Comments

Get to gnome your pension.

I’m very pleased that my friends at the DWP have asked me to promote their new social media campaign designed for us to get to know our pensions. These clever people have sent me a link that allows me to … Continue reading

Posted in advice gap, age wage, Dashboard, dc pensions, DWP, pensions | Tagged , , , | 2 Comments

NEST, technology and personalisation

I really admire this Rowlands chap. I’ve know him for the best part of 30 years and in all that time he has never been anything but a gent. He’s now a Director at NEST and I urge you to … Continue reading

Posted in advice gap, age wage, dc pensions, DWP, FCA, Financial Education, NEST, pensions | Tagged , , , , , | Leave a comment