Tag Archives: Transfer

Pension transfer times are getting longer , how can this (pension) be?

Posted on April 29, 2022 by henry tapper

I am a fan of Pension Bee. I visited their new offices in Southwark yesterday, I was shown into the post room, apparently they get a special delivery every day, so much mail needs to be scanned from the pension … Continue reading →

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Putting “transfer” in employer’s heads

Posted on March 3, 2020 by henry tapper

Since 2012, the industry has self regulated pension transfer exercises where employers offer staff a financial incentive, to quit good quality schemes. Industry leaders are now calling for the Govt to intervene after saying self-regulation is failing https://t.co/sSwvLQG94A — Josephine … Continue reading →

Posted in age wage, pensions, Pensions Regulator, TPAS | Tagged , , , , , , , , , , , , , , , | 1 Comment

If we can’t measure CETV take up, how can we manage it?

Posted on May 21, 2018 by henry tapper

There’s a well known phrase “if you can’t measure it, you can’t manage it”. The Government can’t measure the extent of DB transfers and I conclude that they can’t govern the transfer process until they do.     Here’s the … Continue reading →

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

The CMA and IDWG are looking for the right grubs under the wrong stones.

Posted on March 4, 2018 by henry tapper

The Competition and Markets Authority has produced the first of a series of working papers (only 90 pages) looking at the buy-side of institutional intermediation (e.g. what happens between buying an asset and the return the customer gets). “The evidence reviewed … Continue reading →

Posted in advice gap, brand, BSPS, pensions | Tagged , , , , , , , , | 2 Comments

Probably the best watched pension video ever

Posted on February 5, 2018 by henry tapper

How did a pension company who nobody’s ever heard of create a pension video that’s had 25,000 views in two days? Here’s how; the company’s Pension Bee, the subject “how to transfer your pension away from Aegon” “It’s your money, … Continue reading →

Posted in pensions | Tagged , , , | 4 Comments

“Transparency” needs to do some work.

Posted on November 12, 2017 by henry tapper

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?

Posted on October 11, 2017 by henry tapper

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

Posted on September 8, 2017 by henry tapper

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!

Posted on September 7, 2017 by henry tapper

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.

Posted on August 9, 2017 by henry tapper

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 →

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