Tag Archives: Al Rush
“In 1997, twenty eight years ago, Lady Di was killed. Have things ever been quite the same since?” – Al Rush
This is the first day of autumn and on the last day of summer, my friend Al posted this lovely account of the second of his meetings with Lady Di. It is a beautiful account of his feelings. Al Rush … Continue reading
FCA offers steelworkers £150 compensation for their loss of redress
It has been six years and four months since Frank Field wrote this letter to Megan Butler at the FCA. Following evidence on the British Steel Pension Scheme (BSPS) in Parliament in November , the Work and Pensions Committee wrote … Continue reading
Port Talbot’s chicken dinner man gets fined £2m.
Darren Reynolds has been banned for acting as a Director and fined over £2m for losing just under £24m of his client’s money in high risk unregulated investments. The FCA’s actions relate to activities prior to Reynolds becoming notorious for … Continue reading
Posted in pensions
Tagged Al Rush, Chicken dinner, Darren Reynolds, Pensions, Port Talbot
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BSPS ambulance chaser crashes again.
Good news for steelworkers and bad news for Gareth Fatchett, his firm FS Legal and the IFAs that have been paying Fatchett’s legal bills. Not only will they have to pay redress in full to ill-advised steelworkers – but they … Continue reading
This vile harassment of mis-sold steelworkers must stop
The threat to mis-sold steelworkers Fueled by a self-reference sense of injustice , certain advisers owing redress to clients they have mis-advised to transfer out of the British Steel Pension Scheme are now making their victims pay twice by harassing … Continue reading
Should regulators be enforcers?
Tim Thomas asked this question at a TTF seminar this lunchtime. His conclusion was they considered themselves a world-class regulator and a reluctant enforcer. From comments made by Andrew Bailey (former CEO) and Mark Steward (former head of enforcement) … Continue reading
Posted in pensions
Tagged action fraud, Al Rush, BSPS, Enforcer, FCA, Pension Life, Regulator, TPR, True and fair, TTF
2 Comments
The pension transfer mess: who pays and what’s paid?
There’s an irony to PAC’s assertions. It was extremely critical of the FCA in almost every aspect but never even questioned a key one: the FCA’s own assessment that transfers were very widely unsuitable at BSPS. This is now being … Continue reading
Al Rush’s “aide memoire for trustees”
Al is a friend and someone I rely on to tell it as he sees it (not necessarily as I see it). But what he says bears listening to , as it’s experienced talk, not stuff off the top of … Continue reading
Wish I could be like Tom McPhail
One of the pleasures of getting into your sixties is that you don’t feel so guilty about taking a step back from the nitty-gritty. Over the past four weeks, I’ve been spending time listening to people who think a … Continue reading
Mess with the old – they’ll mess with you.
I’m PC on age – three of my best friends are in their (early) 70s There’s no going early into that good night with those three. And here’s a tale to stir the heart if you consider picturing your future … Continue reading