Tag Archives: tata

British Steel – workplace pensions go missing

Posted on May 22, 2019 by

Maria Espadinha’s  excellent article in the FT’s Advisor clarifies to financial advisers that were Greybull to go into administration, there would be no impact on the new BSPS.  It’s a timely reminder as there will undoubtedly be increased vulnerability amongst traumatised … Continue reading →

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

What now for the new BSPS and its members?

Posted on May 17, 2018 by

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 “integrated risk management framework” must include impact on members.

Posted on January 19, 2018 by

There are certain events where the police anticipate trouble and turn up in anticipation. There are certain traffic black spots where speed cameras are put in to reduce the risk of accidents and there are some occasions when regulators could … Continue reading →

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

Has Tata the courage of its conviction? (the workplace pension that dare not speak its name)

Posted on January 5, 2018 by

  It I’ve been in correspondence with a steelworker who wrote me this Over the past few months when my work colleagues at TATA have been talking about transferring out I suggested the TATA Aviva Plan to them as it … Continue reading →

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

Why we are still angry about Port Talbot.

Posted on December 31, 2017 by

It’s the last day of 2017 and a time to look back at the last three months. The small picture is a series of events that have led to a general awareness that something very wrong was going on in … Continue reading →

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

Opting back into a pension scheme?!?

Posted on December 24, 2017 by

One of the uses of a CDC scheme could be to allow people who have opted out of a DB plan – to opt back into a scheme which pays them a wage for life – albeit one that isn’t … Continue reading →

Posted in advice gap, auto-enrolment, CDC, pensions | Tagged , , , , , , , , , | Leave a comment

Straight talking and honest representation

Posted on December 13, 2017 by

This morning I and three members of BSPS, give oral evidence to the Work and Pensions Select Committee at Parliament. We have been asked to speak about our experiences and comment on lessons that can be learned. The four of … Continue reading →

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

TATA GPP – an investable option for BSPS members with a CETV.

Posted on December 5, 2017 by

I’ve received the following note from Aviva with regards the TATA group personal pension which has replaced BSPS as the corporately sponsored pension arrangement going forward. Thanks for your note below re the query you have received from a BSPS … Continue reading →

Posted in advice gap, de-risking, pensions, social media | Tagged , , , , | 15 Comments

“Cry havoc and let slip the dogs of war”

Posted on December 4, 2017 by

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 →

Posted in BSPS, pensions | Tagged , , , , , , | 12 Comments

Someone else’s job.

Posted on December 3, 2017 by

  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