Tag Archives: FCA

Fintech must Bee for a clear purpose


I’m looking forward to a breakfast meeting at the CSFI to hear a conversation between Romi Savova and several sceptics who don’t get the Pension Bee proposition. As I’ve mentioned on this blog several times, I admire Pension Bee and … Continue reading

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


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

Don’t blame advisers for non-advised drawdown!


“Savers accessing the burgeoning non-advised drawdown market are failing to engage with information, investing in unsuitable investments and risking running out of money in retirement, an FCA probe has found”. – John Greenwood – Corporate Adviser. You can read the … Continue reading

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

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


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

Are DB pensions benefiting from CETV de-risking?


  It’s a fair question for a blogger to ask. I don’t have the answer and suspect that you’d get a different reply depending on who you asked. Here are the facts According to Hymans Robertson , The total value … Continue reading

Posted in annuity, Big Government, BSPS, pensions | Tagged , , , , , , , | 1 Comment

DB Transfers all but triple in a year.


Transfers to other pension schemes10 RKQR 6,810 6,084 5,363 13,221 12,777 34,245 Andy is referring to the Office of National Statistics  update to “Investment by insurance companies, pension funds and trusts (MQ5)” -table 4.3: …  The numbers are confirmed by … Continue reading

Posted in advice gap, BSPS, pensions | Tagged , , , , , , | 7 Comments

Transfer carnage at BSPS – the truth revealed


The full impact of transfers on the British Steel Pension Scheme has been revealed in this perfunctory tweet The British Steel Pension Scheme has paid just over £1.5bn from around 4000 DB transfers to date. Around 3700 transfers still to be processed. … Continue reading

Posted in annuity, BSPS, pensions | Tagged , , , , , , | 14 Comments

A master class in fractional scamming


We get the financial services we deserve – and we deserve better than this; something has to change. Continue reading

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

HMRC and FCA complicit in the democratisation of villainy.


If the FCA want to get to grips with the problem of contingent (conditional) charging, they had better have a look at the taxation of advice and make changes in the Finance Act 2018 to the way we tax advice. First … Continue reading

Posted in accountants, advice gap, dc pensions, pensions | Tagged , , , , , , , , | 15 Comments

Trial by twitter’s fine by me!


An IFA withdraws its transfer service complaining it’s the victim of “trial by twitter”. Accountability is something that falls hard on adviser’s shoulders. Because we are in the business of longer term investment, the outcomes of our advice will typically … Continue reading

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