Tag Archives: pension

“Transparency” needs to do some work.


I worry the work on transparency is hypothetical – that it lacks practical application – that it has no immediate value to the consumer. But then I think of the conversations I’ve been having with consumers – these past four … Continue reading

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

“Certainty and Security”; a message for British Steel Pensioners.


This is a message to British Steel Pensioners who may be feeling uncertain about the  British Steel Pension Scheme. The message is simple, you have two secure options, the BSPS2 and the PPF, for most of you BSPS2 will be … Continue reading

Posted in BSPS, pensions | Tagged , , , , , | 7 Comments

Nice perk if you can get it! Pension Exclusion in the UK.


When Guy Opperman became Pensions Minister , he close to have the words ” financial inclusion” inserted into his title, now is the time for him to prove his title’s worth. According to Government statistics, there are 675,000 of us … Continue reading

Posted in advice gap, Big Government, pensions | Tagged , , , , , , | 5 Comments

There are no rats and the ship is not sinking (a message for BSPS members)


Thanks to the moderators of the BSPS Facebook groups for access and to the poll’s author for permission to publish. This is a very worrying post from a BSPS member. The poll is recent and is the only data I … Continue reading

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

FCA- Outcomes for DC savers will improve when we resume sharing risk!


The FCA has asked for response to it’s Retirement Outcome review, NEST have shared their response with the FT which reports  NEST saying that, without “the right support structures in place”, it was “extremely concerned” its 5m members may run out … Continue reading

Posted in CDC, pensions | Tagged , , , , , | 4 Comments

Time for bosses to get value from Workie!


There is plenty of crowing in policy circles about the success of auto-enrolment. The headlines are certainly good with nearly 9m new savers and over 1m new employers due to have staged by October. The public has taken to Workie … Continue reading

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

Why some transfer values may be just TOO HIGH!


Earlier this year I wrote a blog “why some transfers are ridiculously high” which set out to explain how DB transfer values are calculated and why they are at present at historical highs. My friend and colleague Alan Smith presented the … Continue reading

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Time for the master-trusts to show their investment mettle.


I have a problem with the accountability of master trusts for their investment outcomes. To my knowledge, only NEST (in Mark Fawcett) has an appointed individual responsible for the member’s investment outcomes. Other master trusts may have internal accountabilities, but … Continue reading

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“Pension contributions triple in April!” – is that what you’ll tell your staff?


A lot of small employers we talk to are keen to work out “what happens next” with auto-enrolment. Understandably they want to model the cash-flow implications for their businesses and evolve a communication program as part of the reward strategy … Continue reading

Posted in auto-enrolment, pensions | Tagged , , , , | 2 Comments

“Going halves on DB” – the argument for (and against) partial transfers.


(Rival) consultancy LCP and insurer Royal London have joined up to produce a paper calling for it to be mandatory for trustees to provide members with the option to take part of their DB pension as pension and part as … Continue reading

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