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Tag Archives: BSPS
What now for the new BSPS and its members?
I was sent an announcement yesterday about the new British Steel Pension Scheme. It’s a complicated message and I’ve tried to add comments that explain what each paragraph means in a little easier way. My comments are in green. They … Continue reading
Aviva (unlike tPR) get it right on transfers.
Well done Andy Briggs for saying what a responsible life company CEO should say . “Aviva backs ban on transfer advice charges“. Let’s be clear Aviva are not calling for a ban on defined benefit transfers, they are … Continue reading
“Too prudent for its own good” – how under-risking DB schemes causes new problems.
Someone , somewhere on the multiple threads surrounding USS, has asked me if I think that transfers out of USS are likely to be the next miss-selling scandal. I think it unlikely, and to explain why, I need to explain … Continue reading
DB Transfers all but triple in a year.
Transfers to other pension schemes10 RKQR 6,810 6,084 5,363 13,221 12,777 34,245 Andy is referring to the Office of National Statistics update to “Investment by insurance companies, pension funds and trusts (MQ5)” -table 4.3: … The numbers are confirmed by … Continue reading
Transfer carnage at BSPS – the truth revealed
The full impact of transfers on the British Steel Pension Scheme has been revealed in this perfunctory tweet The British Steel Pension Scheme has paid just over £1.5bn from around 4000 DB transfers to date. Around 3700 transfers still to be processed. … Continue reading
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
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
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
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
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
Posted in advice gap, pensions
Tagged BSPS, Carillion, Google, Port Talbot, Scammers, scams
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