Tag Archives: MAPS

Transferring pots is a matter for the FCA and not MAPS

Posted on June 26, 2020 by henry tapper

BREAKING: Stephen Timms, the work & pensions select committee chair, is to push for DB schemes to be able to pause transfers to reduce the risk of savers being hit by scams. Mr Timms plans to table an ammendment to … Continue reading →

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

From PS20-06 to the dashboard; – can the FCA pull it off?

Posted on June 9, 2020 by henry tapper

  Amidst the noise of the ban on contingent charging, the FCA published a long and detailed Policy Statement PS20-06 For the most part, the FCA is concerned with people safeguarding their rights to promised benefits wherever they may come … Continue reading →

Posted in advice gap, age wage, Dashboard, pensions | Tagged , , , , , , , | 1 Comment

The end of furlough and what it means for pensions.

Posted on May 7, 2020 by henry tapper

A question was asked of the DWP on April 24th filed under  “Pensions: Advisory Services”  To ask the Secretary of State for Work and Pensions, what discussions she has had with the Financial Conduct Authority (FCA) on when the FCA … Continue reading →

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Should we have a national wealth service?

Posted on March 30, 2020 by henry tapper

  This article was composed for TC News on the day after the Government closed down the pubs, restaurants cinemas and theatres. It’s a day after the Treasury announced that it would subsidise the wages of those ‘furloughed” by their … Continue reading →

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Can MaPS be our national wealth service?

Posted on March 20, 2020 by henry tapper

There were two very good comments on my blog on MAPS’ recent webinar. My thrust was that MAPS is not behaving as it should and that it should be acting as the financial arm of our NHS – with acute … Continue reading →

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

Is MaPS creating a UK Financial Wellbeing Movement?

Posted on March 19, 2020 by henry tapper

At this time of crisis , we need to be deploying our resources to meet the immediate needs of our customers and MaPS should be no different Continue reading →

Posted in age wage, pensions | Tagged , , , , , , , , | 2 Comments

This General Levy hike is a tax on the poorest savers – are they getting VFM?

Posted on March 9, 2020 by henry tapper

The PLSA are on the money here. The General Levy will end up being paid for by ordinary savers of large workplace pensions . NEST has 7.5m of them, Peoples Pension has 4.5m  NOW has 2m of them , Smart … Continue reading →

Posted in age wage, pensions | Tagged , , , , | 1 Comment

Will MAPS “Challenge Groups” challenge?

Posted on February 27, 2020 by henry tapper

I am “delighted” to say I am not part of the Money and Pensions latest strategic initiative and have not been invited to lead or join any of their new challenge groups as detailed on their website. I don’t think … Continue reading →

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What is MAPS doing for the elderly poor?

Posted on February 22, 2020 by henry tapper

Why don’t those poor and old claim their benefits? It’s benefits not savings that top up the in retirement income of millions of British citizens, but the amount of time devoted to benefit take-up (as compared to savings rates) is … Continue reading →

Posted in advice gap, age wage, pensions | Tagged , , , , | 2 Comments

Why delays in dashboard delivery hit the worst-off hardest

Posted on January 30, 2020 by henry tapper

  This blog looks at how the information from the pensions dashboard could help those on low incomes with low savings and it focusses not on how they save, but how they spend their savings. I had hoped , following … Continue reading →

Posted in advice gap, age wage, DWP, MAPS, pensions | Tagged , , , , , | 1 Comment