Tag Archives: Port Talbot

What now for the new BSPS and its members?


I was sent an announcement yesterday about the new British Steel Pension Scheme. It’s a complicated message and I’ve tried to add comments that explain what each paragraph means in a little easier way. My comments are in green. They … Continue reading

Posted in actuaries, BSPS, pensions | Tagged , , , , , , | 3 Comments

The CMA and IDWG are looking for the right grubs under the wrong stones.


The Competition and Markets Authority has produced the first of a series of working papers (only 90 pages) looking at the buy-side of institutional intermediation (e.g. what happens between buying an asset and the return the customer gets). “The evidence reviewed … Continue reading

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Bamboozled by vultures! – The Work and Pensions report on Port Talbot


Though it reveals little new, Frank Field’s report into what happened  in the British Steel Pension Scheme is nothing if not a good read. But we shouldn’t allow headlines about sausage ‘n’ chips suppers and factory-gate skulduggery to get in … Continue reading

Posted in BSPS, pensions | Tagged , , | 3 Comments

Trial by twitter’s fine by me!


An IFA withdraws its transfer service complaining it’s the victim of “trial by twitter”. Accountability is something that falls hard on adviser’s shoulders. Because we are in the business of longer term investment, the outcomes of our advice will typically … Continue reading

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

Who need’s a factory gate when there’s google


Update***** Update****Update***** Update*****Update*****Update The ad below appeared this morning as the top Google Ad on the search “Carillion pensions”.  I asked the FCA and tPR to ask for it to be taken down shortly after and it has been taken … Continue reading

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

Will “sausage and chips” replace the Lamborghini?


As the initial euphoria of ‘never having to buy an annuity again’ wears off, the prospect of freedoms becomes less appealing Whether ‘sausage and chips’ or ‘chicken in the basket’, the ‘factory gating’ that has gone on in South Wales … Continue reading

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Big pension decisions need grounding.


    I am getting worried by the return of the word “systemic”.  It pops up in Andrew Warwick-Thompson’s (otherwise) excellent article “a misunderstood shift” and it’s behind calls from those who know better to “just ban transfers”. It would … Continue reading

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Fairy tale of Taibach


T’was Christmas Evening , in Port Talbot An old prop said to me, “here’s my CETV” And so he sat me down, “a Brains for me and you?” He could see a better world, where all his dreams came true   … Continue reading

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

“Cry havoc and let slip the dogs of war”


One of the features of a close-knit community is that people talk to each other. For Steelworkers this has been at works and  in clubs. Now the works and clubs of Port Talbot, Llanwern, Scunthorpe and Redcar  have digital counterparts in the Facebook pages … Continue reading

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Someone else’s job.


  I spoke with a nice fellow last week who had been selling his company’s wares to IFAs in South Wales. The talk at the meeting was all about what was going on with the steelworkers. The fellow came away with … Continue reading

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