Tag Archives: Stephen Timms

Sick and tired – never retired.

  Pension Bee have issued this report and I’m glad they have Thanks to Pension Bee for making this important. I have not read about this in the Pensions Commission report or thought about it as Becky O’Connor is asking … Continue reading

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23 Bull-free Recommendations from WPC

This 68 page report is probably the sternest rebuke to the Pensions Regulator and the DWP we have seen from Stephen Timms. It includes 23 recommendations which are clipped out  here so you get none of the fat and all … Continue reading

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Superfunds laid to rest in the quietest graveyard

  The DWP has a long list of duds, it has developed a capacity to convert a popular idea into a product that is singularly unloved. The list includes the DB pension, the CDC  pension , the pension dashboard and … Continue reading

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Snooping on state pensioner’s finances

Ministers last week rushed an amendment through the Commons, allowing it to look into the bank account of everybody claiming State Pension. Their only reason was that it might be useful one day. The only change which could make it … Continue reading

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Something rotten in the state of funding

Pangloss was a person who was optimistic whatever the circumstances, “all was for the best in the best possible worlds”. There has been irrational enthusiasm for the state of pension funding of late, that is panglossian. By contrast, the parliamentary … Continue reading

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Police should fight online financial crime, not “bad jokes on twitter!”

The new PM had blasted police forces for “policing bad jokes on Twitter” instead of “fighting actual crime” during his summer leadership bid. Now he’s pointing to the example set by Greater Manchester’s Police whose head, Steven Watson has taken his force … Continue reading

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Can Stephen Timms cut the Gordian Knot and unbind FAS pensions?

Stephen Timms , chair of the Work and Pensions Committee, has written to pensions minister Guy Opperman asking for clarity over the compensation cap placed on the Financial Assistance Scheme. Last year the Court of Appeal ruled that the cap … Continue reading

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WPSC concludes we have no framework to assess how we’re turning pots to pensions.

The Work and Pension Select Committee has published its report into how we are accessing our pension savings. It is full of good things and is a major contribution to thinking in this area pulling together the views of those … Continue reading

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The Money and Pensions Service is in a mess – and it needs to be told so.

This session of the Work and Pension Committee’s taking of oral evidence was a game of two halves. In the first half, David Fairs and Sarah Pritchard had a reasoned debate with selected MPs on how people could expect to … Continue reading

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When is Nest going to become a pension scheme?

Michael Clark, as usual is on the money Nest sees CDC-style offering as ‘potential option’ for retirees https://t.co/6dMlEDDrwV Well it’s a start. CDC is a very real option and should be seen as such by other DC schemes/master trusts — … Continue reading

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