Tag Archives: Transfer

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

Posted in pensions | Tagged , , , | 4 Comments

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

Posted in pensions | Tagged , , , , , , | 3 Comments

The curse of the transfer value!


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

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

A tragic tale of a split pension.


    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?


  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

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

Pension transfers – are they worth it?


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

Posted in pensions | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

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


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

Posted in pensions | Tagged , , , , , , , , , , , , , , , , , , , , | 5 Comments