Tag Archives: TPR

Financial Regulators aren’t carved out of stone – they need a merry Christmas too!


Financial Regulation seems a brutal business, impersonal and intimidating. Necessarily, a degree of formality is needed in one’s conduct on both sides.  I would not feel comfortable at the FCA’s Christmas party nor they at mine. But that does not … Continue reading

Posted in advice gap, christmas, FCA, pensions | Tagged , , , | 1 Comment

A time of trust – not guarantees.


About the time that I was ranting to TISA about the complacency with which we are dismantling the retirement promises made to those who were promised a DB pension based on the years they worked with the company;- this happened! … Continue reading

Posted in CDC, DWP, FSA, Music, pensions | Tagged , , , , , , , , , , , | 3 Comments

“Spanish steps” – ideas on pension funding from Jon Spain.


Jon Spain is an eccentric brilliant actuary who has worked for many years worked at the Government Actuary’s department. I am proud he has asked me to provide a précis of his response to Charles Cowling’s Sessional Paper to the Institute … Continue reading

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Why are workplace pensions excluded from transfer advice?


NEST gets us thinking Gavin Perera-Betts work for NEST, he’s the chief customer officer – the person charged with helping people get the most out of their savings and he’s the author of NEST’s recent response  to the Government’s Select Committee … Continue reading

Posted in advice gap, BSPS, pensions | Tagged , , , , , , , | 13 Comments

The legitimate concerns of BSPS members


‘ From the little time I have spent talking online with BSPS members, I have been impressed with the matter of fact way they are dealing with the choices presented to them. Here is a case study of the complexity faced … Continue reading

Posted in annuity, Bankers, BSPS, pensions | Tagged , , , , , , | 14 Comments

TPR- the price of pensions can fall as well as rise.


The Pensions Regulator appears to have forgotten one of the fundamental laws of gravity-  “what goes up, must come down”. In consumer finance this translates into “the value of investments can fall as well as rise” and in the case of the … Continue reading

Posted in Bankers, pensions | Tagged , , , , , | 10 Comments

Is NOW the time to transfer out?


I was talking last night to a senior financial journalist about NOW pensions. In the catalogue of actions that the Pensions Regulator can call upon, insisting on the inclusion of Dalriada Trustees, is perhaps the most alarming. Dalriada is a … Continue reading

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“Pension contributions triple in April!” – is that what you’ll tell your staff?


A lot of small employers we talk to are keen to work out “what happens next” with auto-enrolment. Understandably they want to model the cash-flow implications for their businesses and evolve a communication program as part of the reward strategy … Continue reading

Posted in auto-enrolment, pensions | Tagged , , , , | 2 Comments

“April 2018 – a nudge too far?” Pension Play Pen Lunch – Monday 4th September


In little more than six months time , auto-enrolment will face its next big test. Minimum contributions to workplace pensions will increase from 1% employer and 1% employee to 2% employer and 3% employee. The contributions need only be paid … Continue reading

Posted in auto-enrolment, pensions | Tagged , , , , , , | 2 Comments

“What’s the purpose of a pension scheme?” – Con Keating


  Con Keating argues in this piece that pension schemes aspire to “self-sufficiency”, giving them the status of  insurance companies. His thinking centres on what claims we have on schemes if the covenant to fund these schemes is lost. His conclusions … Continue reading

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