Tag Archives: tata

£74m written off over ATOS as Nest signs £1.5bn Tata deal

Posted on October 25, 2023 by henry tapper

  In 2021, Nest and Atos announced a shared commitment to help millions enjoy a better retirement (I and my staff among them). We were told at the time The new service, which will begin in 2023, will focus on … Continue reading →

Posted in pensions | Tagged , , , , | 1 Comment

Nest’s big IT cock-up – what does it mean for savers and employers?

Posted on February 10, 2023 by henry tapper

  Credit to Professional Pensions for republishing a story that had been circulating in IT circles all month. At least we have a trade press capable of getting a scoop out of recycling a week-old story in the IT trade … Continue reading →

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

Nick Smith MP is right – the British Steel pension transfers are a special case.

Posted on January 22, 2022 by henry tapper

The overall uphold rate for all BSPS cases to the Financial Ombudsman Service is around 63% in favour of steelworkers, including complaints relating to administration or delays. This compares with an overall FOS uphold rate of 40% for all cases … Continue reading →

Posted in pensions | Tagged , , , , | 6 Comments

British Steel – workplace pensions go missing

Posted on May 22, 2019 by henry tapper

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 henry tapper

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 henry tapper

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 henry tapper

  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 henry tapper

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 henry tapper

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 →

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Straight talking and honest representation

Posted on December 13, 2017 by henry tapper

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