Tag Archives: BSPS

Why Steelworkers should question this pension buy-out.

  News that Pension Insurance Corporation (PIC) has rescued those former members of the British Steel Pension Scheme who are currently in the PPF assessment period has been widely promoted by PIC’s financial PRs and got some  favourable coverage in … Continue reading

Posted in age wage, BSPS | Tagged , , , , , | 10 Comments

Stop blaming freedom (for pension scamming)!

There are many things that pension freedoms have brought us and one of them is the pail of hogwash that they’ve opened the door to pension scams. This is the  line peddled by the FCA’s new CEO Nikhil Rathi at … Continue reading

Posted in advice gap, age wage | Tagged , , , | 3 Comments

Open and shut conversations on pensions

For pensioners, pensions are very much open. We need to think more about how these DB pensioners are treated and start thinking of their needs for understanding and for financial services. Continue reading

Posted in age wage, BSPS, pensions, Public sector pensions | Tagged , | 2 Comments

The FCA bans contingent charging on transfers – 7,700 steelmen to be written to

Here is the decision taken by the FCA on how advice is charged for on DB transfers. It is precisely the position that I had hoped for and will ensure that DB schemes will continue to provide pensions to many … Continue reading

Posted in advice gap, BSPS, pensions, trustee | Tagged , , , , | 1 Comment

Pension transfers- actuaries have nothing to crow about.

I am cross that an established firm of actuaries get on the front page of the FT for kicking IFAs for their advice on pension transfers Mark van den Berghen, principal and senior consulting actuary at Buck, a consulting firm … Continue reading

Posted in actuaries, age wage, BSPS, pensions | Tagged , , , , , | Leave a comment

Ruston Smith takes staff retirement seriously

I was glad to see Ruston Smith sticking his neck out in the pages of REBA. as Chair of the Tesco Pension Fund, Ruston has always been prepared to go the extra mile and say the things his peers shy … Continue reading

Posted in advice gap, age wage, annuity, pensions | Tagged , , , , , | 1 Comment

Put gallows humour apart – the Jingye deal looks good news for the north-east.

Jingye deal for British Steel expected to secure thousands of jobs https://t.co/lqGTFIob31 — Stefan #Labour:ForTheManyNotTheFew #GTTO (@SZaitschenko) November 11, 2019 There ought to be some gallows humour up at Scunny this morning. After all, the issues British Steel has had, … Continue reading

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

British Steel – workplace pensions go missing

Maria Espadinha’s  excellent article in the FT’s Advisor clarifies to financial advisers that were Greybull to go into administration, there would be no impact on the new BSPS.  It’s a timely reminder as there will undoubtedly be increased vulnerability amongst traumatised … Continue reading

Posted in advice gap, BSPS, pensions | Tagged , , , , , , | 6 Comments

Get up, stand up, for your pension rights

      Josephine Cumbo has written an important blog in Pensions Expert. If you aren’t registered to see the article, I urge you to do so. Access to the article is free and it pretty well sums up my … Continue reading

Posted in advice gap, pensions | Tagged , , , , | 1 Comment

BSPS – is the “dam breaking”

The imagination of Al Rush is stirred by deeds of the RAF so I smiled to see this Facebook post. Being on the other side of the planet, I had not picked up on this press release from the FCA. … Continue reading

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