Tag Archives: CETV

Should we be wary of cheap financial advice?


Robert Reid is a very professional IFA and  someone I like a lot. He represents IFAs and stands up for their interests in Money Marketing. His latest article argues that “cheap advice” especially cheap advice on pension transfers, is wrong. … Continue reading

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My biggest financial decision was made with professional advice.


The most important single financial decision facing the baby-boomers of middle England today is what to do with their defined benefit pension rights. It is – alas – a binary decision as few schemes offering split transfer values; the choice is “should I stay … Continue reading

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A suffocating man craves the foulest stench.


Such is the pressure on trustees and sponsors of our defined benefit schemes to appear solvent, that they welcome the transfer of their potential pensioners to “cash” as a suffocating man breathes fetid gas. It is within the capacity of … Continue reading

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Transfer values – Con Keating sees a comedy of errors!


This blog is from the pen of Con Keating     There has been a spate of requests for quotations of transfer values from DB schemes and much publicity given to some of the more public figures who have taken … Continue reading

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Con Keating on the real cost of pension transfers


  Imagine buying a bond at par, say a ten-year, ten-percent coupon issue; then let five years pass, when market interest rates decline to one percent. At this time, the bond is trading in the market at £143.68 percent. Now, … Continue reading

Posted in Pension Freedoms, pensions, Retirement, trustee | Tagged , , , , , , | 5 Comments

Let’s put an end to pension transfer privilege.


“Sexy cash” legitimised? A few years ago , Sir Steve Webb, then our pension minister, stood in front of the PLSA and berated Boots and its pension scheme for tempting members out of the pension scheme with cash incentives. He … Continue reading

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Five moral reasons I didn’t take my DB transfer.


Jo Cumbo (my journalist of the year) has finished 2016 with a fascinating article on what (her sub editor?) describes as “a stampede to cash in gold-plated final salary schemes“. I felt angry – a little bit “dirt” when I’d … Continue reading

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Why pensions should become a big government obsession in 2o17!


  In my article yesterday, I suggested we don’t need to change pension regulations, we need to stop looking at pensions as a threat but as a benefit. This applies to auto-enrolment too- where employers are not engaging with pensions, … Continue reading

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How do we manage the baby-boomers “huge” pensions?


The idea that £1m is a cap on huge pensions , beyond which we pay penal tax rates, is ludicrous. In answer to a question on this blog, I did some simple sums. Here first is the answer Nicholas, a … Continue reading

Posted in CDC, pensions | Tagged , , , , , , , , | 6 Comments

“The pension transfer lottery” – thoughts from a PlayPen lunch.


At a consumer level, the absurdity of pension deficit volatility, seemed to me abstract and notional. But yesterday’s Pension Play Pen lunch changed that.  One of our party reported that the value of his cash equivalent transfer value (CETV) changed … Continue reading

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