Tag Archives: IFA

IFAs and the defined benefit promise


  This article explores the relationship between IFAs and defined” benefit schemes, one that has historically been uneasy. It argues that the polarisation of opinion between IFAs who see pensions as “pots” of wealth, and those who regard them as a … Continue reading

Posted in advice gap, pensions | Tagged , , , | 6 Comments

My call for an end to contingent fees on DB pension transfers


  Calls to keep contingent pricing fall on my deaf ears. I champion the pension rights of those with low incomes and I champion the rights of those likely to get lower pensions (women). I don’t champion the right of … Continue reading

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

Advisers should welcome a revival of the collective pension scheme


Financial advisers have never had it so good. The collapse of the DB market has led to the outflow of tens of billions of pounds into the wealth market,  the emergence of fund platforms has allowed them to demonstrate a … Continue reading

Posted in Blogging, CDC, 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

Target pensions – freedom from freedoms


  Last week I ran a couple of meetings of the Friends of CDC, a loose affiliation of pension people with a view that CDC can offer a solution to some of the intractable problems people face in retirement. Let’s start … Continue reading

Posted in Blogging, CDC, pensions | Tagged , , , , , , | 2 Comments

Commission – the charge that dare not speak its name.


I feel like someone walking to a destination with a blindfold on, I am getting information from my phone but it is intermittent and there are many obstacles that I stumble over as I walk along. Thankfully, there are people … Continue reading

Posted in BSPS, dc pensions, Financial Conduct Authority, pensions | Tagged , , , , , | 10 Comments

Don’t let this be you.


This is a submission to Government from someone who fell victim to a pension scam. The questions from Government are emboldened, otherwise I have left the statement as it was sent to me. It has been circulated with  he intent that … Continue reading

Posted in advice gap, pensions, Pensions Regulator, pot | Tagged , , , , | 2 Comments

With value for money – figures speak louder than words.


The pen may be mightier than the sword but the spreadsheet trumps both. Last week, JLT published some projections which showed that if the performance differential between lousy and top pension providers continued – you’d be able to buy a … Continue reading

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So you want to pay your own pension costs- do you?


A new twist to the Pension Transfer Debate has been introduced by Willis Towers Watson (WTW) at a seminar last Tuesday at their London offices. At the event, consultants reported a ripple effect caused by the surge in members transferring out. WTW … Continue reading

Posted in pensions | Tagged , , , , , , , , | 6 Comments

How do you annoy a wealth manager?


Question; how do you annoy a wealth manager? Answer; ask him about his fund supermarket.   It may offend your local wealth manager (aka IFA) but that’s what Reuters call these funds platforms the FCA are investigating and if you believe Platforum, … Continue reading

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