Tag Archives: Stephen Timms

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

Posted in MAPS | Tagged , , , , | 1 Comment

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

Posted in pensions | Tagged , , , , , , | Leave a comment

Have pension freedoms “benefited” the poor?

Gareth Morgan has written to us via linked in to remind us his submission to the Work and Pensions Select Committee is now public . You can read it in full here   bit.ly/3d9PpyW There were 54 written submissions but only … Continue reading

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

Can you make an informed choice on how to draw your pension?

I’m returning to the questions put to us by the Work and Pensions Select Committee. The call for evidence has closed but the questions remain just as relevant. One question , chair Stephen Timms is putting to us is Including … Continue reading

Posted in pensions | Tagged , , , | 3 Comments

What’s missing from our pension choices at retirement?

  The Work and Pensions Select Committee have asked ten big questions about how the pension freedoms are working. If the collective answer is that the pension freedoms are working badly, then there are further questions to be asked like … Continue reading

Posted in pensions | Tagged , , , | 1 Comment

The ten big pension questions

  These are  ten big questions facing pension professionals and its public today. They are the questions in the Work and Pensions Select Committee’s inquiry into the Pension Freedoms and they are worth your consideration. They concern the decisions we … Continue reading

Posted in pensions | Tagged , , | 1 Comment

Dashboards aren’t the “small-pot fix” some claim

  The ABI want us to consider pension dashboards as a means to consolidate small pots Imperative for any solution … is for government to prioritise delivery of commercial and non-commercial pensions dashboards to spur pension scheme members to consolidate … Continue reading

Posted in advice gap, age wage, pensions | Tagged , , , | Leave a comment

Snowden’s proposal for an amnesty for the pension liberated.

I was pleased to read Margaret Snowden’s measured call for an amnesty for those scammed through pension liberation schemes , commonly sold in the early years of this century. The evidence appears as part of the inquiry into pension scams … Continue reading

Posted in pensions | Tagged , , , , | Leave a comment

Transferring pots is a matter for the FCA and not MAPS

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

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

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