Tag Archives: BSPS

Bamboozled by vultures! – The Work and Pensions report on Port Talbot


Though it reveals little new, Frank Field’s report into what happened  in the British Steel Pension Scheme is nothing if not a good read. But we shouldn’t allow headlines about sausage ‘n’ chips suppers and factory-gate skulduggery to get in … Continue reading

Posted in BSPS, pensions | Tagged , , | 3 Comments

BSPS – with the benefit of hindsight.


“I wonder how many of the financial advisors who recommended transfers out , predicted a 10% drop in the stock market in one week? Not many is my bet.” This is a post on the main British Steel Pensioners Facebook … Continue reading

Posted in BSPS, CDC, pensions | Tagged , , , | 1 Comment

BSPS – a big win – but at what cost?


  It now seems quite certain that the New British Steel Pension Scheme will happen and that it will be populated by the majority of members of the current British Steel Pension Scheme. In announcing the results of “Time to … Continue reading

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The “integrated risk management framework” must include impact on members.


There are certain events where the police anticipate trouble and turn up in anticipation. There are certain traffic black spots where speed cameras are put in to reduce the risk of accidents and there are some occasions when regulators could … Continue reading

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Who need’s a factory gate when there’s google


Update***** Update****Update***** Update*****Update*****Update The ad below appeared this morning as the top Google Ad on the search “Carillion pensions”.  I asked the FCA and tPR to ask for it to be taken down shortly after and it has been taken … Continue reading

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How Facebook works for pensions.


Most people know I use social media a lot – it serves me well and I’m keen to help people less familiar with it, to spend their time profitably. Two years ago I was saying, spend time on Linked in … Continue reading

Posted in Facebook, Linkedin, pensions, social media, twitter | Tagged , , , , , | 1 Comment

Don’t panic about Carillion’s pensions.


The fate of Carillion as a company is in the balance. Up to 20,000 jobs are at risk. Bond and equity holders are likely to lose substantial sums. Carillion driven projects are likely to suffer and 28,000 members of Carillion … Continue reading

Posted in pensions, Pensions Regulator, Retirement | Tagged , , , , , | 8 Comments

“Probing” IFAs is not enough; we need simpler more transparent transfers.


  Allegations of “mis-selling” against IFAs are premature and unsubstantiated. My eye was caught last night by a linked in post by Andrew Warwick-Thompson, formerly of the Pensions Regulator. Here we go again. The personal pensions miss-selling scandal all over … Continue reading

Posted in Blogging, BSPS, Change, FCA, pensions | Tagged , , , , , , , , , | 3 Comments

Will “sausage and chips” replace the Lamborghini?


As the initial euphoria of ‘never having to buy an annuity again’ wears off, the prospect of freedoms becomes less appealing Whether ‘sausage and chips’ or ‘chicken in the basket’, the ‘factory gating’ that has gone on in South Wales … Continue reading

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Why we are still angry about Port Talbot.


It’s the last day of 2017 and a time to look back at the last three months. The small picture is a series of events that have led to a general awareness that something very wrong was going on in … Continue reading

Posted in advice gap, pensions | Tagged , , , , , , , | 2 Comments