Tag Archives: transfers

Should we be wary of cheap financial advice?


Robert Reid is a very professional IFA and  someone I like a lot. He represents IFAs and stands up for their interests in Money Marketing. His latest article argues that “cheap advice” especially cheap advice on pension transfers, is wrong. … Continue reading

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

A suffocating man craves the foulest stench.


Such is the pressure on trustees and sponsors of our defined benefit schemes to appear solvent, that they welcome the transfer of their potential pensioners to “cash” as a suffocating man breathes fetid gas. It is within the capacity of … Continue reading

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

Is there really a “fail” at the Royal Mail?


  The Royal Mail is consulting with its staff on closing its final salary scheme to future accrual. This is a public consultation, the Royal Mail are putting it to their staff that an increase of pension contributions to 50% … Continue reading

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

Transfer values – Con Keating sees a comedy of errors!


This blog is from the pen of Con Keating     There has been a spate of requests for quotations of transfer values from DB schemes and much publicity given to some of the more public figures who have taken … Continue reading

Posted in accountants, pensions | Tagged , , , , , | 2 Comments

Let’s put an end to pension transfer privilege.


“Sexy cash” legitimised? A few years ago , Sir Steve Webb, then our pension minister, stood in front of the PLSA and berated Boots and its pension scheme for tempting members out of the pension scheme with cash incentives. He … Continue reading

Posted in annuity, auto-enrolment, pensions | Tagged , , , , , , , , , | 1 Comment

IFAs take the lead in sorting the transfer blockage.


  BIG THINKING Two things I’m really looking forward to in September are threesixty’s two “Big Thinking Days”. One’s in Edinburgh and one’s in London and if you’re going, you;re in for a treat. Threesixty are a pretty pucker outfit (IMO) and … Continue reading

Posted in pensions | Tagged , , , , , , , , , , , , , , | 1 Comment

Why the FCA should take a leaf out of tPR’s book.


  The Pensions Regulator have been re-born over the last five years and become focussed on helping advisers, trustees and employees solve pension problems. They have started treating us as  customers and not potential criminals. Sadly, this attitudinal shift doesn’t seem … Continue reading

Posted in advice gap | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

IFAs and actuaries – as easy as “A Cap B”.


For half of the 30 years I’ve been advising people, I was paid by private individuals to help them take difficult financial decisions. For the other half, I’ve been paid by employers to help their staff take difficult decisions. This … Continue reading

Posted in actuaries, advice gap | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Knowing the “money” in “value for money”.


At last we may get to know what we really pay for the management of our funds so we can work out it it’s worth it. Continue reading

Posted in accountants, actuaries, annuity, investment, pensions, Pensions Regulator, risk | Tagged , , , , , , , , , , , , , , , , , | 1 Comment

Pot follows member – not around here it doesn’t!


I took a look at this scorpion and decided enough was enough, I told myself… I’m going to liberate my personal pensions and section 32 policies from high charges, poor fund management and non-existent governance into my new plan which … Continue reading

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