Tag Archives: BSPS

Get up, stand up, for your pension rights

Posted on March 7, 2019 by

      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 →

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BSPS – is the “dam breaking”

Posted on March 3, 2019 by

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

The Rookes report is a fine piece of work but actions speak louder than words.

Posted on January 23, 2019 by

Having read Caroline Rookes’ review of the regulator’s handling of the BSPS “Time to Choose” episode , I’m  satisfied that she’s sending the right messages to the various authorities involved. There are four authorities who have their say in the … Continue reading →

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Contingent charging – “commission” by another name?

Posted on December 8, 2018 by

Along with Al Rush, Jo Cumbo , Michelle Cracknell – I was interviewed yesterday by the BBC Moneybox team for a Christmas special on pension transfers. It’s always good doing these things as it forces you to say what you … Continue reading →

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The FCA finally get to the bottom of why transfers have been mis-sold.

Posted on December 7, 2018 by

I feel like singing hallelujah! The FCA’s findings from their transfer review are brilliantly presented here by NMA’s Talya Mistry.Misiri Here’s how she sums things up The findings highlighted that less than 50% of advice was suitable. It said that … Continue reading →

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

Now that’s what I call financial advice.

Posted on November 23, 2018 by

I’m quoting Al Rush from the Facebook post he made yesterday evening following the meetings of steelworkers with MPs and Regulators yesterday.  Al’s message to the steelmen Sometimes, in my line of work, it can be dispiriting to work for … Continue reading →

Posted in BSPS, pensions | Tagged , , , , , , | 4 Comments

For the ripped-off steelworkers – today’s about doing it together!

Posted on November 22, 2018 by

This morning, around 15 Port Talbot steelworkers will make their way from Paddington to Westminster to meet MPs – keen to help them in their pension plight. They will be greeted at the Cromwell Gate by a lot of media … Continue reading →

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Are some schemes over-paying on Transfer Values?

Posted on August 29, 2018 by

Royal London have requested and got the notorious letter sent earlier this year to certain schemes perceived to be vulnerable to pension transfers. It includes the following sections. There is nothing new about this guidance; Steve Webb is spot on … Continue reading →

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Lessons from Port Talbot – webinar – 26th June

Posted on June 14, 2018 by

Transfer values from DB schemes tripled in 2017 to £34.2bn. Transfer values are fundamentally changing the cashflow profile of many defined benefit schemes and bringing new challenges for trustees and employers. Last year, the highest profile transfer value activity was … Continue reading →

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What now for the new BSPS and its members?

Posted on May 17, 2018 by

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 →

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