Tag Archives: FCA

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 , , , , , , | Leave a comment

Savers are denied the right to check their pension statements

Although it feels like winning, this has been a tough few weeks for me and my team as we struggle to get nearly 600 Data Requests sent to pension providers. These have been entrusted to us  via Letters of Authority … Continue reading

Posted in advice gap, age wage | Tagged , , , , , | 3 Comments

The abuse of “platforms”; the distribution of pension scams abroad

Platforms can also be turned against the consumer, offer advisers huge commissions and legitimize the products of the morally bankrupt who set out to steal people’s money through scams. Continue reading

Posted in age wage, pensions | Tagged , , , , | Leave a comment

Pension scams reported at just £10m a year?

The truth is that the FCA do not have a number for the amount that leaks out of the system through dodgy advice.  The resources at their disposal to stop scamming are so small that they cannot even report on the proper size of the problem. Continue reading

Posted in advice gap, age wage, Blogging, pensions | Tagged , , , , | 3 Comments

Pension Self Help

We live at a time of self empowerment. If we don’t know how to do something we learn, searching for answers from the web. We’ve learned how to do things from You tube, understand things from Wiki and with a … Continue reading

Posted in pensions | Tagged , , , , , , | Leave a comment

A user’s guide to AgeWage.com

As regular readers will know,  I campaign for better information to be made available to savers about their pension pots and to help people understand their pot, have formed a company, AgeWage.  AgeWage.com helps people make sense of their pots … Continue reading

Posted in advice gap, age wage, pensions | Tagged , , , , , | Leave a comment

Is value for money, the Standard by which we can make sense of pensions?

Although financial advisers do a great job and  advice usually provides value for the money it costs,  9 out of 10 British adults will take the key financial decisions about their retirement on their own. The FCA wants unadvised individuals … Continue reading

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

Justice delayed is only just justice. The Avacade judgement is 7 years late

Two companies ordered to pay £10.7m to investors sold risky #pension investmentshttps://t.co/pfDPr1UiO0 via @financialtimes — Josephine Cumbo (@JosephineCumbo) August 10, 2020 The FCA’s judgement against Avacade and Alexandra Associates is justice but only just. The FCA is requiring the two … Continue reading

Posted in advice gap, pensions | Tagged , , , , , , | Leave a comment

Is value only in the eye of the beholder?

Yesterday’s blog on the capacity of “value” to simplify pensions has solicited some strong comment and a very interesting debate on linked in I am  interested in the comments of Simon Ellis who has been assessing value in funds For … Continue reading

Posted in advice gap, age wage, pensions | Tagged , , , , , | Leave a comment

“That’s an interesting choice”

“That’s an interesting choice” is a statement that interests me a lot. It is an entirely satisfactory response to a test we have just started with the FCA in which we allow people to compare pension pots by way of … Continue reading

Posted in actuaries, advice gap, age wage, pensions | Tagged , , , , , , , , , | Leave a comment