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Monthly Archives: March 2024
Join us this morning to stop the freehold pension scam.
This morning’s session of Pension PlayPen will see two campaigners at opposite ends of their career , speak out with one voice against the ongoing calamity of our freehold/leasehold system of home ownership. Norma Cohen , should be know to … Continue reading
A sensible outcome to the General Levy Consultation
There are two ways to react to the Government’s u-turn on their “option 3” proposal for the General Levy. Option 3- aka “the nuclear option ” would have seen small occupational schemes having to stump up an extra £10,000 in … Continue reading
The parable of mistaken fiduciary duty
It seems that we fear performance tables for DC schemes will lead to “risk aversion” as trustees choose not to invest but put member’s money “under the bed”. Professional Pensions seem to have tapped into the prevailing zeitgeist on “fiduciary … Continue reading
DWP’s consultation on DB Options – a “sighter” from Keating and Clacher
DWP’s Consultation on Options for Defined Benefit schemes In looking at this consultation, it suffers the same problems evident in the Impact Assessment published alongside the DWP’s draft Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations, being based … Continue reading
Swiss vote themselves a Pension for Christmas!
This article originally appeared on the BBC website (thanks to J Cumbo for highlighting it Swiss voters have given themselves an extra month’s pension each year – in a nationwide referendum focusing on living standards for the elderly. The government … Continue reading
40 years on from the miner’s strike, coal worker pensions are still producing
When I was up at the PLSA event, I sat down next to an unassuming chap as we waited to go into the plenary. Hello Henry – he said. I looked down his lanyard for a peak of who it … Continue reading
What pensions mean to small businesses (Jeremy Hunt).
This is a blog that looks at small business owners and the testy relationship they have with workplace pensions. I am chair of one such business and have recently completed a long questionnaire from the Federation of Small … Continue reading
The FCA shouldn’t exclude pensions from “simplified advice” – Gareth Morgan
Most advisor talk this week has been about the consumer duty and the impact of SJP’s fall from grace. In the midst of it , I received a message from my friend Gareth Morgan with a submission to Government and … Continue reading
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IFAs fear contagion from SJP’s fall from grace
It’s hard to underestimate how frightened the financial advisory community is over the decline in St James’s Place’s fortunes. For years IFAs have moaned about the collateral damage SJP’s high charges are doing to their reputation. But when SJP’s fortunes … Continue reading
The price members are paying to de-risk their employer’s balance sheet.
How did the Boots pension scheme change? It was bought out by Legal & General Why couldn’t Jon Swinson retire? Because Boots paid L&G £640m to buy-out their pension liabilities rather than pay pensions they’d promised but didn’t guarantee. Boots … Continue reading