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Tag Archives: ABI
So what would a pension exit charge cap look like?
Yesterday I spoke on Money Box in support of a cap on exit fee penalties from legacy personal pensions. Claire Trott spoke well in opposition and I’m quite sure that the ABI will take comfort in her argument that a … Continue reading
Posted in actuaries, dc pensions, Pension Freedoms, pensions, Pensions Regulator
Tagged ABI, advice, Commission, exit fees, exit penalties, FCA, legacy, pension, Regulator, TPR
2 Comments
Let’s not get caught with our trousers down (again).
The reason we have NEST and its £400m debt to the tax-payer is that the private sector refused to commit to supporting auto-enrolment ten years ago. If the organisations like Legal & General, Standard Life and Aviva , could have … Continue reading
Posted in annuity, CDC, Pensions Regulator
Tagged ABI, Actuarial science, annuity, auto enrolment, Business, CDC, collective drawdown, dc pensions, decumulation, Drawdown, Employment, Financial services, financial services industry, Government, IA, Mick Mcateer, NAPF, National Employment Savings Trust, NEST, Pension new, pension playpen, pensions, Retirement, Steve Webb, Target Pensions
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Knowing the “money” in “value for money”.
At last we may get to know what we really pay for the management of our funds so we can work out it it’s worth it. Continue reading
Posted in accountants, actuaries, annuity, investment, pensions, Pensions Regulator, risk
Tagged ABI, Business, call for evidence, calue, charges, costs, Defined benefit pension plan, DWP, Employment, FCA, Financial services, fund management, Government, IA, Insurance, Transaction costs, transfers, Value for Money
1 Comment
“Lest we forget” – can we sweep legacy under the table?
Yesterday, I wrote about why a good chunk of the personal pensions sold before 2000 (and a few after) were poor value for customers. The pensions were sold with “a lifetime of advice inside”, scandalously, the advice … Continue reading
Posted in pensions
Tagged ABI, annuity, Business, Financial services, monkey-business, pension, Pension new, pensions, Steve Webb
2 Comments
To laugh or to cry? – the ABI’s review of legacy charges.
Nearly a year and a half on from the publication of the OTT’s damning report on workplace pension provision, the ABI have proudly announced that Frontier Economics have reported on the charges their members have been making on our DC … Continue reading
“I will look unto the hills” – for help with my DC pot!
As the days click by and Outlook starts filling up for April 2015, I ask myself what help is on its way for those without the means for a drawdown SIPP or the inclination to purchase an annuity. … Continue reading
Post budget capacity challenge for insurers
Scottish Widows boss Toby Strauss has told the Telegraph that his company is already facing a capacity crunch as it digests the impact of legislative changes over the past two years and faces the challenges of 2015. The … Continue reading
Posted in annuity, auto-enrolment, brand, pensions
Tagged ABI, annuity, Business, dc pensions, Defined benefit pension plan, DWP, Employment, Financial services, first actuarial, pension, Pension new, pension playpen, Retirement, Scottish Widows, Society, Strategy, the Telegraph, toby strauss
14 Comments
We knew we were cheating our clients.
Mark Wood (now of JLT and formerly of the Prudential) is calling on insurers to relax the early exit penalties on pension contracts set up in the “bad old days” when commission was paid in advance for premiums paid … Continue reading
Putting financial bloggers in their place
Yesterday was interesting. I was shortlisted for Pensions Personality of the year – thanks to all who voted Pension Play Pen was shortlisted for technology solutions provider of the year – please vote here Another media awards event , the ABI … Continue reading
Posted in advice gap, Blogging, journalism, Martin Lewis
Tagged ABI, Actuarial science, annuity, blogging, Business, Business and Economy, de-risking, Financial services, Government, journalism, NAPF, National Employment Savings Trust, pension, Pension new, pension playpen, pensions, Retirement
2 Comments
Should we give the ABI one last chance on charges?
We need change and though this document sees the ABI moving in the right direction- this document stops short of showing the insurers are yet to “get it”.
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