-
-
Tags
Month
Post Types
Categories
Tag Archives: Transfer
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 Bond, CETV, Con Keating, ppf, Transfer, TV, valuation
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 Actuary, CETV, pension, Pension Transfer, regulation, TPR, Transfer
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
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 divorce, emotion, Financial services, pension splitting, Retirement, separation, tragedy, Transfer
14 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 CETV, fit, healthy, pensioner, pensions, Tax, Transfer, transfer-value
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 advice, adviser, Business, DB, DC Defined Benefit, defined benefit schemes, Employment, FCA, Financial Conduct Authority, Financial services, Guidance, National Employment Savings Trust, occupational pension, occupational pension schemes, pension, Pension new, pension playpen, Professional Adviser Neil MacGillivray, Retirement, Scheme, Transfer
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 Alan Rubenstein, Business, DB, dc, dc pensions, defined benefit, Defined benefit pension plan, DWP, Employment, Financial services, Government, Guarantee, National Employment Savings Trust, pension, Pension new, pensions, ppf, Proimise, Retirement, Steve Webb, Transfer
5 Comments