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NEST’s Guided Retirement Fund in the UK gets part of the way there by separating money according to its intended…
"As usual with The Times, this is a briefing about England & Wales only." I'm so old that I can…
Tag Archives: DB transfers
Why Pension Bee are right to push for a 10 day switch guarantee
It’s worth looking in more detail at Pension Bee’s work on DC transfer times. Paragraphs in italics are from yesterday’s much reported press release, my comments are not italicized PensionBee analysis of Origo’s Pension Transfer Index has uncovered a 31% … Continue reading
Posted in pensions
Tagged clare reilly, DB transfers, Pension Bee, Romi Savova, transfers
5 Comments
Was the FCA complicit with DB transfer mis-selling?
Pension freedoms come in different guises. “Pension liberation” was a practice of pension busting that led to unauthorised payments being made to hapless victims of pension scams such as Fast Pensions, such practice is illegal and leads to heavy fines … Continue reading
Investing to secure defined outcomes
This is Stuart Fowler‘s first post on this blog. I am very pleased he is sharing this essay which focuses on the difficult challenge of investing for a pension. When I met the Chairman of the FCA I asked him if … Continue reading
Posted in actuaries, advice gap, age wage
Tagged DB transfers, defined benefit, Drawdown, FCA, mortgage endowment, pension, Stuart Fowler
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Weathering the Storm
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 #USS, CETV, DB transfers, ppf, Ralph nader, USS
2 Comments
Balance sheet relief leads to later life grief?
It’s a shame for my loyal readers (Con Keating especially) that some of the most interesting comments on my blog are made on twitter and linked in. In yesterday’s blog I suggested that our former pensions minister, Steve Webb, was … Continue reading
Posted in pensions
Tagged DB transfers, Debate, Jade Muray, LCP, Steve Webb, transfers, Webinar
3 Comments
Why I don’t support LCP and Royal London’s calls to boost DB transfer advice
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 #pensions, CETV, DB transfers, Pension Freedoms, Pensions
5 Comments
The FCA can’t blame the DB transfer debacle on pension freedoms.
Nikhil Rathi, the FCA’s CEO elect is only partly right in linking the upswing in transfers away for DB schemes to the precipitous introduction of pension freedoms. It is very important that the FCA properly understand the cocktail of … Continue reading
Posted in FCA, Financial Conduct Authority, pensions
Tagged DB, DB transfers, FCA, Nikhil Rathi, Port Talbot, The FCA cannot walk away from responsibility for what has happened. A new CEO should not be allowed to blame the Treasury. What happened, was happening even before 2015 and has continued ever since.
1 Comment
Time has told for Tideway
So – over three years after writing that Tideway’s activities in the DB transfer market should be stopped, Tideway’s activities in the DB market have been stopped. A note on the FCA’s register says that, as of 3 July, … Continue reading
Posted in advice gap, pensions
Tagged Al Cunningham, Al Rush, DB, DB transfers, James Baxter, NMA, Ollie Smith, Tideway
7 Comments
Resilience.
A different perspective? The FTSE is on sale…… pic.twitter.com/KcdNv0vTG4 — Holly Mackay (@HollyAMackay) March 9, 2020 I am sure Holly’s graphic shouldn’t be taken as financial advice , though some will try to catch a falling knife. We have no … Continue reading
Posted in advice gap, age wage, Blogging, BSPS, Consolation, defined ambition, pensions
Tagged CDC, DB transfers, pensions, Port Talbot
3 Comments
Polarised or bi-polar? DB transfers today.
Back in November, I reported on Ruston Smith’s initiative at Tesco to provide his colleagues with help finding the right type of adviser. AgeWage had been helping Ruston promote this to other firms earlier in the year and I’m glad … Continue reading
Posted in advice gap, age wage, pensions
Tagged Al Rush, DB transfers, ft, Reason, ruston smith, Tescos
2 Comments
Agreed!