Tag Archives: Port Talbot

The dark side of pension freedom; the NAO report on the FCA and BSPS

The National Audit Office has produced what will no doubt become the definitive report on the British Steel Pension Scheme and what happened to it. It focuses on how the FCA was organised to prevent, identify, and respond to unsuitable … Continue reading

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Whatever happened to the managers of the steelworker’s SIPPs?

  This morning I had the chance to praise Hargreaves Lansdown for innovative work helping self-invested pension policyholders understand the risk they take in their portfolios. SIPPs can  and do offer those who want to self-invest , the opportunity to … Continue reading

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Four years on – steelworkers remain angry and confused

  The FT is reporting increasing frustration among steelworkers in Port Talbot as they get called into public meetings with the FCA to find out about mis-selling compensation. “The cowboy advisers are laughing in their villas while we are having … Continue reading

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The FCA can’t blame the DB transfer debacle on pension freedoms.

  Nikhil Rathi, the FCA’s CEO elect is only partly right in linking the upswing in transfers away for DB schemes to the precipitous introduction of pension freedoms. It is very important that the FCA properly understand the cocktail of … Continue reading

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Resilience.

A different perspective? The FTSE is on sale…… pic.twitter.com/KcdNv0vTG4 — Holly Mackay (@HollyAMackay) March 9, 2020 I am sure Holly’s graphic shouldn’t be taken as financial advice , though some will try to catch a falling knife. We have no … Continue reading

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Great Pension Debate 4 – Port Talbot revisited

Al Rush is organising the fourth episode of the Great Pensions Debate. Here – in Al’s inimitable style, is what this is all about. You can sign up for the Great Pension Debate 4 by following this link, all you … Continue reading

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The Rookes report is a fine piece of work but actions speak louder than words.

Having read Caroline Rookes’ review of the regulator’s handling of the BSPS “Time to Choose” episode , I’m  satisfied that she’s sending the right messages to the various authorities involved. There are four authorities who have their say in the … Continue reading

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The FCA finally get to the bottom of why transfers have been mis-sold.

I feel like singing hallelujah! The FCA’s findings from their transfer review are brilliantly presented here by NMA’s Talya Mistry.Misiri Here’s how she sums things up The findings highlighted that less than 50% of advice was suitable. It said that … Continue reading

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Are SIPPs just too complicated?

  News yesterday  that complaints about SIPPs (Self Invested Personal Pensions) are now upheld by the pension ombudsman more than any other financial product. The number of new complaints to the Financial Ombudsman Service concerning Sipps has nearly doubled in … Continue reading

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The Great #PensionDebate…is wider than Swansea Bay!

The Great Pension Debate was a fabulous success and proves for a second time that Al Rush is capable of uniting a body of pension enthusiasts in a way nobody else can. Good job Al.   The ongoing challenge Much as … Continue reading

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