The observation that retirees 'don't have a clue' understates the advice gap rather than member apathy. Generative tools may finally…
I stand corrected. My apologies. The only overrides to that 2007 legislation were during Covid when the earnings link was…
The earnings increases that can now be expected in2027, 2028 and, probably, 2029 are not part of the triple-lock. It’s…
I suspect you mean that the 2.5% floor won’t be the binding element in 2027? The earnings part of the…
Tag Archives: advice
IGC reports 2019; what should we be looking for?
For those who don’t follow this blog, I’ve been reviewing IGC reports since 2015/16 and intend to do so again this year. There is very little accountability on the IGCs. Though IGCs were set up to put right … Continue reading
NHS pensions are damaging the NHS – a doctor writes
This article is by Dr Nitin Arora I asked to publish it as I have followed his work on twitter to help pension professionals understand the current problems facing members of the NHS pension scheme. As I have … Continue reading
Why do people take pension choices that make them sad?
I’ve been reading a short report by Demos for Legal and General. L&G provide annuities and want to understand the fall in the numbers of annuities purchased. The retirement riddle is that the choices people are taken since the pension … Continue reading
Are you and your savings “retirement ready”?
I’m getting fit, which is a long way off saying “I’m fit” in any sense of the words. But just getting rid of the first few pounds has put me in a much better frame of mind. Many of us … Continue reading
Posted in advice gap, age wage, pensions
Tagged advice, AgeWage, IFA, NEST, pensions, retrirement ready, workplace pension
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The “wonder” of wealth
As Dr Chris Sier entered the Corinthia Hotel on Wednesday, en route to a cup of tea with the AgeWage management team, he noticed a gentleman handing over his Bentley keys to the doorman, with a fifty pound note as a tip . … Continue reading
Posted in advice gap, pensions
Tagged advice, Hargreaves Lansdown, pension, pensions, Samuel Johnson, SJP, wealth management
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Do pension customers get value for money from financial advisers?
This is the last of eight blogs I’ve written in response to the Work and Pensions Select Committee’s inquiry into Pension Transparency. Today’s exam question is “Do pension customers get value for money from financial advisers?” and the quick answer … Continue reading
Posted in pensions, WPC
Tagged advice, Chive, Financial adviser, HL, IFA, internet, pensions, RDR, SJP, Technology
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Do YOU need a financial adviser in retirement?
The argument is central to most pension debates at the moment. There are some who would have everyone who reach 55 meet with an adviser. Others who would limit the pension freedoms to those prepared to pay advisers to manage … Continue reading
Posted in advice gap, pensions
Tagged advice, BR19, Drawdown, FAMR, pensions, state penison
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Fintech must Bee for a clear purpose
I’m looking forward to a breakfast meeting at the CSFI to hear a conversation between Romi Savova and several sceptics who don’t get the Pension Bee proposition. As I’ve mentioned on this blog several times, I admire Pension Bee and … Continue reading
My call for an end to contingent fees on DB pension transfers
Calls to keep contingent pricing fall on my deaf ears. I champion the pension rights of those with low incomes and I champion the rights of those likely to get lower pensions (women). I don’t champion the right of … Continue reading
Posted in advice gap, pensions
Tagged advice, CETV, DB transfers, Debbie Abrahams, Frank Field, Guy Opperman, IFA, Jack Dromey, pensions, tax free cash
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HMRC and FCA complicit in the democratisation of villainy.
If the FCA want to get to grips with the problem of contingent (conditional) charging, they had better have a look at the taxation of advice and make changes in the Finance Act 2018 to the way we tax advice. First … Continue reading
Posted in accountants, advice gap, dc pensions, pensions
Tagged advice, democatisation, FCA, HM Treasury, HMRC, IFA, pensions, transfers, villainy
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The DWP has responded to calls for the State Pension to be increased to at least £14,500 a year –…