Tag Archives: Guidance
Plenty of support, but should we need it to get our pensions paid?
What’s helping people to take decisions is problematic, the question we should be asking “what’s helping people to take the right decision”. In an earlier blog in this series looking at the FCA Financial Lives 2024 survey, it became clear … Continue reading
70% of us don’t take advice when buying annuities – are we mugs?
ABI data shows that 2023 was a good year for annuity sales which totalled £5.2 billion. More people buy annuity rates when interest rates are rising. Annuities fulfil a need people have to secure a reliable retirement income for … Continue reading
Advice or guidance? – It depends how you like to travel!
This blog follows Australian pension regulation, not because that’s what’s trendy in political circles (we are unlikely to see the next pension minister be such an admirer) but because of the it informs debates in this country we are yet … Continue reading
Mourning or gawping – London locks down for a week.
Against my better judgement , I went to the UK pensions awards with a party of guests, the feeble reason being that Pension PlayPen were up for an award. It was a nice evening spent with friends and clients , … Continue reading
FCA considers greater push to non-advised services
The Financial Conduct Authority wants to encourage more consumers to invest through non-advised services in what it terms “a guided sales model”. There are rumours this could feature in the Queens Speech. It has been discussing the potential development … Continue reading
Meanwhile, in Australia – retirement income strategies compared…..
This article is an overwrite of work done by Optimum Pensions’ Peter Rowe in Australia, I’m grateful to my friend Jim Hennington for sharing it. When I read it I was struck by the similarities that Australia’s Super system is … Continue reading
Posted in pensions
Tagged Australia, Guidance, Pensions, Retirement Income Covenant, RIC
Leave a comment
“My pension stole my benefits!”
Gareth Morgan has , until now, been a lone voice, howling at the moon on the plight of the low paid faced with decisions on how to spend their pension pot. “Until now” means that he is now joined by … Continue reading
Posted in annuity, auto-enrolment
Tagged annuity, Guidance, Pension Credit, Universal Credit
3 Comments
PASA fights pension fraud with new guide
The Pensions Administration Standards Association (PASA), the independent body dedicated to driving up standards in pensions administration, has unveiled its Counter Fraud Guidance for UK pension schemes, trustees and providers. PASA is run by pragmatic , experienced and strong people … Continue reading
The secondary market in workplace pensions
In 2013, Pension PlayPen founded a choose a pension service for employers needing to designate a workplace pension so that staff could be auto-enrolled according to the staging roll-out. At the time, we predicted that once the heavy lifting had … Continue reading
Making pensions as important as football
I have received a nice email from the Pensions Minister , some of which can be shared. It would be easy for Guy Opperman, days after getting Royal Assent to the Pension Schemes Act, to sit back. Instead I … Continue reading
Posted in pensions
Tagged advice, Andy Haldane, DWP, FCA, football, Guidance, pension, TPR
Leave a comment