Tag Archives: FCA

FCA offers steelworkers ยฃ150 compensation for their loss of redress

Posted on April 23, 2024 by henry tapper

It has been six years and four months since Frank Field wrote this letter to Megan Butler at the FCA. Following evidence on the British Steel Pension Scheme (BSPS) in Parliament in November , the Work and Pensions Committee wrote … Continue reading →

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Three lessons from the FCA’s retirement income market data

Posted on April 17, 2024 by henry tapper

My analysis of this data leads me to three behavioural insights People are concerned about “net cash” – not “gross before tax” People want control and ownership People prioritise today’s cashflow needs over a wage for life The data published … Continue reading →

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The high price we are paying for pension fraud

Posted on March 22, 2024 by henry tapper

This blog is about a discussion in parliament about cleaning up a legacy of pension scams and a discussion in the popular press about how legislation designed to stop those scams is leading to popular discontent. This morning, we continue … Continue reading →

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IFAs are right to be worried

Posted on February 22, 2024 by henry tapper

The FCA has written to the top 20 “national” firms with a questionnaire that probes what percentage of their clients are actually getting an annual review (and how many of them are paying for a service they aren’t using). Membership … Continue reading →

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Is TPR really not fit for (consumer) duty?

Posted on December 13, 2023 by henry tapper

  It’s a question that’s been asked at several Pension PlayPen sessions and now I see an adviser calling for TPR to be wound up as not fit for duty Adviser argues for TPR/FCA merger after Consumer Duty ‘failure’ Karen … Continue reading →

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Who’s on the hook for “targeted support” of unspent pension pots?

Posted on December 10, 2023 by henry tapper

On Friday, the FCA published the drily titled DP23/5: Advice Guidance Boundary Review โ€“ proposals for closing the advice gap Most of the attention will be on its proposal to introduce simple advice which can be charged for from a … Continue reading →

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“Not my Government” – discontent over pension policy meltdown

Posted on November 9, 2023 by henry tapper

The consensus from people I have spoken to , following the King’s Speech is that the Government we have today has lost its legitimacy and is increasingly looking like a marketing tool for the Conservative party at the next general … Continue reading →

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Why we handed back our FCA permissions

Posted on September 25, 2023 by henry tapper

AgeWage has resigned its permissions to act as an introducer of regulated business and we are no longer regulated by the FCA. This ends a four year experiment that started with our working in the FCA Innovation Sandbox to test … Continue reading →

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The state of private equity and what it means for pensions

Posted on August 10, 2023 by henry tapper

๐Ÿ‡ฌ๐Ÿ‡ง Private Equity Offers Discount Fees As Dealmaking Drought Deters Investors โ–ซSweeteners aimed at big backers โ–ซCut-throat competition for cash โ–ซIndustry fortunes face reversal โ–ซ@william_louch @JosephineCumbo ๐Ÿ‡ฌ๐Ÿ‡ง#frontpagestoday #UK @FinancialTimes pic.twitter.com/sjXBfUpjIg โ€” ๐™ต๐š›๐š˜๐š—๐š ๐™ฟ๐šŠ๐š๐šŽ๐šœ ๐šƒ๐š˜๐š๐šŠ๐šข ๐Ÿ“ฐ (@ukpapers) August 8, 2023 I … Continue reading →

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The VFM Framework – not perfect but now fit for purpose.

Posted on July 14, 2023 by henry tapper

At the back of DWP’s VFM outcome paper, is its new definition of value for money Our definition of โ€˜Value for Moneyโ€™ is that saversโ€™ contributions are being well invested and their savings are not being eroded by high costs … Continue reading →

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