Extending time horizons can ease short-term funding pressure, but it shifts risk toward younger members. Reform should make those intergenerational…
I've just come across this letter from Smithers, covering DB pensions in general and the USS in particular. https://smithers.co.uk/extending-the-liabilities-time-horizon-is-key-to-pensions-reform/
Great. A chance to nit-pick something from Steve Webb. The Married Woman’s Option finished in 1977, not 1978. SERPS was…
I was told by the Pensions Service, that if I divorced my husband before I retired, I would get a…
Category Archives: FCA
Can IFAs create their own profession?
James Walker has published BWD’s assessment of the prospects for firms offering financial advice as their core product. He paints a picture of rising regulatory costs and sluggish growth prospects preventing IFA practices from employing the young blood to refresh it. Last … Continue reading
Posted in advice gap, FCA, Financial Conduct Authority, First Actuarial, Personality
Tagged advice, Business, career, DWP, Employment, financial advice, financial planning, IFA, Jim Thomson, pension, Pension new, pension playpen, profession, regulatory costs, Thomson Grey Wealth Management, trust
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Can we afford financial services in times of austerity?
Thomas Philippon , the celebrated economist, gave a lecture on Tuesday Morning as part of London University’s Leading Minds series. The gist of his talk is that the cost of financial services (the collective name for everyone who is an … Continue reading
Posted in FCA, Fiduciary Management, Financial Conduct Authority, Politics
Tagged austerity, Business, corporate risk, DWP, Employment, FCA, financial service, Financial services, Financial Services Authority, financial services industry, Human Resources, Insurance, intermediaries, intermediation, Investing, Investment, Investment management, John Kay, pensions, Retirement, Thomas Philippon, TPR
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How low can guidance go?
The FCA have published an important document that sets out to define where guidance ends and advice begins. Thankfully , it’s one you can read without feeling guilty that you aren’t going to answer 150 consultation questions! The FCA has … Continue reading
Posted in advice gap, FCA, pension playpen, pensions, Pensions Regulator
Tagged advice, Decision Tree, digital, DWP, FCA, Financial Conduct Authority, financial education, Guidance, Guidance Guarantee, Pension Wise
3 Comments
Hats off to all workplace pension providers
I’ve referred earlier this week to an excellent article by Kim North in Money Marketing in which she points to the ongoing work Scottish Widows have been doing on the participation of women in workplace pensions. In the same … Continue reading
Posted in FCA, NEST, Retirement
Tagged Aegon, Aviva, BlackRock, Business, Business and Economy, CDC, Financial services, Financial Services Authority, Friends Life, Government, L&G, London, NEST, pension, Pension new, pension playpen, Pension Regulator, pensions, Politics, Prudential, Retirement, Royal London, Scottish Life, Standar Life, Steve Webb, workplace Pensions, Zurich
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Straight talking from the IMA on charges?
In one of the least incisive video interviews I’ve seen this year, here’s Ian Smith of Pensions Week quizzing Jonathan Lipkin- IMA Director of Public Policy Decision- on how the IMA and its members are facing up to the … Continue reading
Posted in FCA, Financial Conduct Authority, Financial Education, governance, pensions
Tagged Business, charges, costs, DC Governance, DWP, Fat-cat, FCA, Financial services, governance, Government, hidden costs, IMA, Retirement, Steve Webb
5 Comments
More thoughts on the future of the Pensions Regulator.
Yesterday , Professional Pensions advertised my blog “two into one can go” under the more contentious headline “why tPR has had its day“. I’ve given Jack Jones editorial licence and the headline’s fine with me. It was a bad … Continue reading
Posted in FCA, pensions, Pensions Regulator
Tagged Brighton, Business, dc pensions, DWP, Employment, FCA, Financial services, IGC, National Employment Savings Trust, NEST, pension, Pension new, pension playpen, pensions, Pensions Regualtor, Retirement, Steve Webb, TPR
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“What we need and what we want” – financial education in schools
Many congratulations to Tracey Bleakley and all at pfeg for getting personal finance onto the national curriculum from today. Speaking on Wake Up To Money this morning, Tracey was asked what the one piece of financial advice she’d give to those in her … Continue reading
Posted in FCA, Fiduciary Management, Financial Conduct Authority, Financial Education
Tagged Business, Defined benefit pension plan, DWP, financial education, Financial services, Government, National Employment Savings Trust, pension, Pension new, pension playpen, PFEC, Retirement, September 1st, Steve Webb, Tracey Bleakley
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Pension PlayPen respond to FCA on IGCs and DC Governance
This is less of a blog – more of an epic! If you want to have a go yourself, the link is to http://www.fca.org.uk/your-fca/documents/consultation-papers/cp14-16-response-form The Pension PlayPen’s response was submitted online and this text is what we got back … Continue reading
Posted in FCA, pensions
Tagged Business, corporate governance, corporate risk, dc pensions, DWP, Employment, Facebook, Financial services, Financial Services Authority, Government, pension, Pension new, pensions, Retirement, Steve Webb
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The FCA and Social Media (Canute II)
The FCA have set out their policy on social media which concentrates on the use of Twitter. It is worth a read, if only to establish why the supervision of the internet is as feasible as Canute’s supervision of the … Continue reading
Posted in FCA, pensions, social media
Tagged Business, Employment, Facebook, Financial services, linkedin, pension playpen, pensions, social media, twitter
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“Value for money” key to DC Governance say FCA.
The FCA published yesterday an important consultation (CPA14/16) proposing rules for independent governance committees (IGCs). The introduction of IGCs was agreed by the ABI as part of a deal with the Office of Fair Trading that fended off insurers being referred to a more serious investigation. The main … Continue reading
Posted in accountants, advice gap, dc pensions, FCA
Tagged dc, DC Governance, FCA, governance
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When taxation is retroactive it will change behaviour. Be careful with envy focused legislation promote real solutions to British poor…