my point is a simple one. Apart from DB pension provision in the U.K. is a disgrace Individual Median Pension…
It's a made up statistic and I'm sure AI would give you a different one but we need to accept…
The value of adviser in terms of outcomes is well documented and quantified The ignorance displayed in this blog hopefully…
HAVE YOU LOST A FORTUNE TO ROMANCE SCAM, CRYPTOCURRENCY INVESTMENT FRAUDSTERS, PIG BUTCHERING HOAX, PHISHING LINKS & ET CETERA ?…
Tag Archives: BSPS
DB transfers;- we understand the crime – but not the causes of crime.
The FCA has published the second of its analyses of the DB transfer market which shows how the trend to “de-risk” DB liabilities by buying out liabilities through CETVs has continued apace. This article argues that – blameworthy … Continue reading
Posted in pensions
Tagged actuaries, Bankers, BSPS, CETV, corporate advisers, de-risking, FCA
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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 #pensions, British Steel, BSPS, Pension Protection Fund, Pensions, ppf
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
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
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 British Steel, BSPS, contingent charging, pensions, Trsnsfers
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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 BSPS, Crow, pension transfers, pensions, Stable, stable door
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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 advice gap, BSPS, pensions, REBA, ruston smith, Tesco
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 British Steel, BSPS, North East, pensions, Scunthorpe
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 BSPS, ft, FTadvisor, Greybull, Maria Espidhana, tata, workplace Pensions
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
Agreed - though the contribution rates into private sector DB when we were accruing was often less than deficit payments…