Tag Archives: Transfer

“Transparency” needs to do some work.


I worry the work on transparency is hypothetical – that it lacks practical application – that it has no immediate value to the consumer. But then I think of the conversations I’ve been having with consumers – these past four … Continue reading

Posted in BSPS, pensions | Tagged , , , , , , | 6 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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Transparency as disinfectant


Wherever possible – organisations should aspire to be transparent in their dealings, sharing information with all stakeholders. Bank wins by being straight with customers Making information difficult to access causes problems. My friends at Quietroom tell the story of how, … Continue reading

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

Why some transfer values may be just TOO HIGH!


Earlier this year I wrote a blog “why some transfers are ridiculously high” which set out to explain how DB transfer values are calculated and why they are at present at historical highs. My friend and colleague Alan Smith presented the … Continue reading

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“Pot follows member”? Who are you kidding? Pension Bee blows the lid on DC transfers.


We’ve had fuss about how hard it is to move your bank account, we’ve had fuss about how hard it is to switch utility supplier, but how hard is it to merge your pension accounts so that your pot follows … Continue reading

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Why we’re forever blowing (transfer) bubbles!


    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”.


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.


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


  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.


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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