Tag Archives: CETV

Former regulator slams transfer regulations.

Posted on June 5, 2023 by henry tapper

LCP are promoting a blog by new partner David Fairs, until recently Executive Director of Regulatory Policy at the Pensions Regulator,  calling  for rule changes to allow more people to benefit from ‘freedom and choice’ in pensions. Fairs points out … Continue reading →

Posted in pensions | Tagged , , , | 2 Comments

CETV madness

Posted on April 16, 2023 by henry tapper

  I wrote yesterday about confusion about what a defined benefit promise is today. This surrounds the concept of the “DB pot”, a concept that is utter fiction. There is no DB pot. A defined benefit scheme, whether final salary, … Continue reading →

Posted in pensions | Tagged , , , | 3 Comments

The breach of trust the FCA has yet to address

Posted on January 22, 2021 by henry tapper

The MP’s Nick Smith and Stephen Kinnock held a press conference yesterday to remind the FCA  that 3 years after the hard closure of “Time To Choose” , steelworkers are still waiting for something to happen by way of compensation … Continue reading →

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

DB transfers;- we understand the crime – but not the causes of crime.

Posted on January 19, 2021 by henry tapper

    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 , , , , , , | Leave a comment

Weathering the Storm

Posted on September 13, 2020 by henry tapper

Iain Clacher & Con Keating As part of our Funding Code research, we searched for academic or practitioner papers covering long-term expected returns forecasts. We were particularly interested in the ex post accuracy of these forecasts. We found none which … Continue reading →

Posted in actuaries, advice gap, age wage, pension genome, pensions, risk | Tagged , , , , , | 2 Comments

Why I don’t support LCP and Royal London’s calls to boost DB transfer advice

Posted on September 10, 2020 by henry tapper

  LCP and Royal London jointly presented to an audience of 300 industry professionals yesterday on the vexed topic of “helping members get transfer advice”. The webinar can be watched here  and as you’d expect from these organisations, this was … Continue reading →

Posted in advice gap, age wage | Tagged , , , , | 5 Comments

Shouldn’t pensions “stay at home”?

Posted on March 25, 2020 by henry tapper

Should we stop transfers for the next 6 months?   Yields are down, markets are down, has there ever been such a time to transfer your pension rights? That’s what many people may be thinking and if you were a … Continue reading →

Posted in advice gap, age wage, FCA, Financial Conduct Authority, pensions, Pensions Regulator | Tagged , , , , , | 2 Comments

Putting “transfer” in employer’s heads

Posted on March 3, 2020 by henry tapper

Since 2012, the industry has self regulated pension transfer exercises where employers offer staff a financial incentive, to quit good quality schemes. Industry leaders are now calling for the Govt to intervene after saying self-regulation is failing https://t.co/sSwvLQG94A — Josephine … Continue reading →

Posted in age wage, pensions, Pensions Regulator, TPAS | Tagged , , , , , , , , , , , , , , , | 1 Comment

FCA plan to get tough on poor transfer advice

Posted on June 20, 2019 by henry tapper

Two unexpected  things happened yesterday; SJP’s candidate for the “fireside chat” with the FCA – went sick (with no replacement offered) and the FCA published their market- wide data results for defined benefit transfers. Together this meant my fireside chat … Continue reading →

Posted in advice gap, age wage, pensions | Tagged , , , | 1 Comment

Contingent charging – “commission” by another name?

Posted on December 8, 2018 by henry tapper

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 →

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