Tag Archives: Transfer

Why we’re forever blowing (transfer) bubbles!

Posted on April 28, 2017 by

    It’s a shame that Alistair Cunningham’s thought-piece on behavioural bias’ encouraging herds of us to “cash-out” our DB pensions, is behind a pay-wall. If you are an FT subscriber you can use the link at the end of … Continue reading →

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

A note on transfer values and “reverse transfer risk”.

Posted on March 30, 2017 by

James Greer of Old Mutual is reminding financial advisors that there’s a risk of advising clients to stay put and not take a DB Transfer Value. Our data suggests that only about 15% of transfer values applied for are taken … Continue reading →

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FCA calls on advisers to take a fiduciary role on transfers.

Posted on January 25, 2017 by

The FCA has published a very scary note intended for advisers recommending transfers from Defined Benefit schemes . In its statement published on Tuesday, the FCA revealed further failings in the pension transfer advice market, the regulator said some advisors … Continue reading →

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Con Keating on the real cost of pension transfers

Posted on January 3, 2017 by

  Imagine buying a bond at par, say a ten-year, ten-percent coupon issue; then let five years pass, when market interest rates decline to one percent. At this time, the bond is trading in the market at £143.68 percent. Now, … Continue reading →

Posted in Pension Freedoms, pensions, Retirement, trustee | Tagged , , , , , , | 5 Comments

“The pension transfer lottery” – thoughts from a PlayPen lunch.

Posted on December 6, 2016 by

At a consumer level, the absurdity of pension deficit volatility, seemed to me abstract and notional. But yesterday’s Pension Play Pen lunch changed that.  One of our party reported that the value of his cash equivalent transfer value (CETV) changed … Continue reading →

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The curse of the transfer value!

Posted on December 3, 2016 by

There is a curse to having money that was bequeathed us by the later Chancellor. It is called “freedom” and it applies to the rights that  baby boomers have in final salary schemes. It’s not just those in their fifties, many … Continue reading →

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A tragic tale of a split pension.

Posted on August 26, 2016 by

    This is the sad story of how someone, intent on running her finances independently of her “ex”, destroyed her personal financial security. It relates to a former member of my family and I am desperately sorry for her, … Continue reading →

Posted in advice gap, annuity, pensions, Pensions Regulator | Tagged , , , , , , , | 13 Comments

Pension Transfer Offers – should you take yours?

Posted on August 14, 2016 by

  I urge you to listen this excellent podcast (skip to 1 minute to avoid the ad). It’s led by Jo Cumbo and has the thoughts of a couple of IFAs (who I don’t know). At 13 minutes long it … Continue reading →

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Pension transfers – are they worth it?

Posted on February 28, 2015 by

Britain is in great need of advice on transfers between one pension and another. This doesn’t just mean transfers from defined benefit schemes to defined contribution schemes, it means support in transferring pot to pot transfers for DC arrangements. Unless … Continue reading →

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Let’s talk about risk – trustees, let’s talk about you and me..

Posted on February 22, 2015 by

Members cannot take exercise freedoms on pensions in payment so the decision to draw a DB pension is as irreversible as buying an annuity. Trustees need to make their members knowledgeable about their options. Continue reading →

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