Tag Archives: annuity

Who’s taking and who’s benefiting from increased risk when pensions “buy-out”?

Posted on January 18, 2023 by henry tapper

I’ve been hearing a lot about an argument going on behind the scenes between the Bank of England and the big boy’s regulator the “Prudential Regulatory Authority” and on the other side – the Government – (parliament). The argument is … Continue reading →

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2022 – a year when pensions tightened our belts.

Posted on December 19, 2022 by henry tapper

  There have been many good years for pensions this century and most people find themselves much better off than they were when pensions were last formally reviewed by the Government in 2004. But 2022 was a year when almost … Continue reading →

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Corporate Adviser lifts the lid on the “at retirement” toilet .

Posted on November 5, 2022 by henry tapper

If you thought that the FCA’s Retirement Income Study painted a messy picture of how we are turning pots into pensions, then take a look at Corporate Adviser’s Workplace Pensions Into Retirement Report. The FCA report on a relatively orderly … Continue reading →

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“The most kindest cut of all” – axing IHT exemptions would do pensions a favor.

Posted on November 4, 2022 by henry tapper

My advice to the Treasury is simple “make DC pension pots taxable as part of the inheritable estate”.  It’s a tax break we can do without  The situation at present is like this Take your money out of your pot … Continue reading →

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Flex first-fix later – Pension PlayPen coffee morning today at 10.30am

Posted on September 20, 2022 by henry tapper

I will be chairing this session which is hard luck on Phil Boyle as I have a number of questions about his and Steve Webbs’ proposal and am sceptical the plan can work. Isn’t this a fees-fest for advisers? How … Continue reading →

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“Flex First – Fix Later” – can Webb and Boyle’s proposal work?

Posted on September 19, 2022 by henry tapper

I will be chairing this session which is hard luck on Phil Boyle as I have a number of questions about his and Steve Webbs’ proposal and am sceptical the plan can work. Isn’t this a fees-fest for advisers? How … Continue reading →

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If this is (pension) freedom – I’m a banana!

Posted on August 8, 2022 by henry tapper

“Why employees need independent advice before deciding what to do with their pension freedoms”- REBA This is the headline from a leader in REBA, the employee benefit magazine. I mention “employee benefits” with a grimace, for many benefits sold to … Continue reading →

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It is time to take annuities seriously again – Billy Burrows

Posted on August 4, 2022 by henry tapper

  Annuities have always been a serious business* but since the introduction of pension freedoms in 2015 most retirees (and advisers) have not taken annuities seriously and many invested in pension drawdown rather than purchase an annuity. Annuities have been … Continue reading →

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Why small pots are jeopardising state benefits

Posted on July 14, 2022 by henry tapper

  In this article I explain why it’s often best for people with small pension pots to spend their income before they get to state pension age. The over-prudent who hold back – can risk losing out on pension credit. … Continue reading →

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Fear Of Running Out (FORO)

Posted on May 17, 2022 by henry tapper

  We hoard against the bad times. We have only recently cleared out a cupboard of dried stuff that we bought in march 2020. We used the toilet paper eventually. A GoCompare survey found that the 6th most common fear … Continue reading →

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