Tag Archives: CETV

If we can’t measure CETV take up, how can we manage it?

Posted on May 21, 2018 by

There’s a well known phrase “if you can’t measure it, you can’t manage it”. The Government can’t measure the extent of DB transfers and I conclude that they can’t govern the transfer process until they do.     Here’s the … Continue reading →

Posted in advice gap, pensions | Tagged , , , , , , | 5 Comments

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

What I’ll be looking for from the 2018 IGC chair statements

Posted on April 4, 2018 by

    2018 and all that It’s IGC reporting season again and I’ll be looking to have answers to four questions this year. So here are my questions (more hope than expectation). If you’re making a value for money, what … Continue reading →

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

Why consumers need better choices; (explaining CDC to a merchant banker)

Posted on March 30, 2018 by

We need to find new ways to explain CDC to a wider audience – even merchant bankers! Continue reading →

Posted in CDC, pensions | Tagged , , , , , | 7 Comments

There’s nothing democratic about genocide. FCA should stop “contingent charging” today.

Posted on March 27, 2018 by

The FCA have published two papers on transfers A policy paper CP 18/6 “Improving the quality of pension transfer advice and A consultation paper  CP 18/7 “advising on pension transfers”. The upshot of which is that The FCA has gone back to … Continue reading →

Posted in BSPS, de-risking, Henry Tapper blog, pensions | Tagged , , , , , | 3 Comments

“Too prudent for its own good” – how under-risking DB schemes causes new problems.

Posted on March 25, 2018 by

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 →

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

My call for an end to contingent fees on DB pension transfers

Posted on March 9, 2018 by

  Calls to keep contingent pricing fall on my deaf ears. I champion the pension rights of those with low incomes and I champion the rights of those likely to get lower pensions (women). I don’t champion the right of … Continue reading →

Posted in advice gap, pensions | Tagged , , , , , , , , , | 3 Comments

The CMA and IDWG are looking for the right grubs under the wrong stones.

Posted on March 4, 2018 by

The Competition and Markets Authority has produced the first of a series of working papers (only 90 pages) looking at the buy-side of institutional intermediation (e.g. what happens between buying an asset and the return the customer gets). “The evidence reviewed … Continue reading →

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

It is time to ban contingent charging on DB transfers.

Posted on March 3, 2018 by

The argument for contingent charging (in abstract) The best case for contingent charging appears on this blog and it’s made by Pete Doherty, Managing Partner and CIO of Tideway. I published this blog to provide balance and to create debate.  This is … Continue reading →

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

BSPS – a big win – but at what cost?

Posted on January 30, 2018 by

  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 →

Posted in BSPS, pensions | Tagged , , , , , , , | 1 Comment