Tag Archives: BSPS
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 BHS, BSPS, Carillion, Pension Protection Fund, pensions, ppf
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
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
Posted in BSPS, pensions
Tagged British Steel, BSPS, lamborghini, Port Talbot, professional pensions, Sausage and Chips
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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 Al Rush, BSPS, Niche, pensions, Ray Adams, tata, Vega, Vega Algorithms
2 Comments
Big pension decisions need grounding.
I am getting worried by the return of the word “systemic”. It pops up in Andrew Warwick-Thompson’s (otherwise) excellent article “a misunderstood shift” and it’s behind calls from those who know better to “just ban transfers”. It would … Continue reading
Resisting the irresistible; how do you stop pension transfers?
In my inbox is a powerful statement from a steel-worker in Port Talbot who has suggestions about how transfers from defined benefit schemes are conducted. It asks a fundamental question, if we are seeing such a number of such transfers, … Continue reading
Opting back into a pension scheme?!?
One of the uses of a CDC scheme could be to allow people who have opted out of a DB plan – to opt back into a scheme which pays them a wage for life – albeit one that isn’t … Continue reading
Posted in advice gap, auto-enrolment, CDC, pensions
Tagged BSPS, CARE, CDC, NHS, Old age, pension, pensions, Retirement, tata, Wage for life
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When does “creative disruption” become “scaremongering”?
It’s an important question to anyone who is involved with the BSPS. Today is the penultimate of Time to Choose, over the past week, the main job has been to encourage those who have not made an active choice, to … Continue reading
Concerns over the money invested though Active Wealth (UK) Ltd
This blog is about the investment solutions recommended by Active Wealth (UK) Ltd to members of the British Steel Pension Scheme (BSPS). Corporate structures The role of Vega Algorithms Custody and fund governance of 5Alpha 5Alpha fees It was written … Continue reading
Posted in advice gap, pensions
Tagged 5Alpha, Active Wealth, BSPS, Darren Reynolds, Gallium, My Workplace Pension, Port Talbot, Strand, Vega Algorithms, Vega Capital
16 Comments
Steelworkers – what to do now!
Here is my advice – don’t worry – people are looking out for you. If you have sent your options form and have not heard back, do not worry. There is no need to panic, don’t send more option … Continue reading