Tag Archives: transfers
Nick “the bushes” Chadha entertains, educates and explains Stagecoach’s pension.
I was surprised and pleased to find Nick the Bushes on the VFM podcast this week. This podcast has taken a turn for the better this year with a string of guests who are prepared to talk about pensions rather … Continue reading
Pension Bee’s campaigned for “pot transfers” since the days of Robin Hood
Pension Bee have for nearly 10 years fought the good fight for easier , cheaper and quicker pension pot transfers. Here is the latest version of what started life as the Robin Hood index! Ok – here it is! Broken … Continue reading
Before the dashboard, we need some lube in the pension gearbox
Current regulation around pension transfers is “completely unsatisfactory”, according to Margaret Snowdon, chair of the Pension Scams Industry Group. The PSIG carried out a consultation, which closed on Wednesday (July 31), looking at the future of the organisation. It was aimed at pension … Continue reading
Former regulator slams transfer regulations.
LCP are promoting a blog by new partner David Fairs, until recently Executive Director of Regulatory Policy at the Pensions Regulator, calling for rule changes to allow more people to benefit from ‘freedom and choice’ in pensions. Fairs points out … Continue reading
Why Pension Bee are right to push for a 10 day switch guarantee
It’s worth looking in more detail at Pension Bee’s work on DC transfer times. Paragraphs in italics are from yesterday’s much reported press release, my comments are not italicized PensionBee analysis of Origo’s Pension Transfer Index has uncovered a 31% … Continue reading
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Tagged clare reilly, DB transfers, Pension Bee, Romi Savova, transfers
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Why steelworker’s compo is set to fall by £15,000
The FCA has published its proposed redress scheme for steelworkers but it looks like the compensation will cost £49m rather than the estimated £71m earlier this year. The new compensation levels are now estimated to average £45,000 (down from £60,000) … Continue reading
Safe harbor proposals for DC transfers to qualifying SIPPs
With over 70 people on the call, Pension Playpen’s coffee morning – featuring Pension Bee’s Romi Savova was a lively event. Sadly, some of the more vociferous critics of Pension Bee’s complaint to the Minister couldn’t attend but it was … Continue reading
Posted in pensions
Tagged Cushon, PensionBee, Pensions, People's Pension, Romi Savova, transfers
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We need a Dyno-Rod to unblock the pension pipes!
Yesterday’s post on Pension Bee’s frustration with master trusts behavior – (blocking transfers under the guise of safeguarding) has solicited a flutter of tweets asking questions about Pension Bee’s motives and practice. I’m happy to answer some- as I … Continue reading
Balance sheet relief leads to later life grief?
It’s a shame for my loyal readers (Con Keating especially) that some of the most interesting comments on my blog are made on twitter and linked in. In yesterday’s blog I suggested that our former pensions minister, Steve Webb, was … Continue reading
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Tagged DB transfers, Debate, Jade Muray, LCP, Steve Webb, transfers, Webinar
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What are those actuaries up to now?
“The Great Risk Transfer” baffled the journalists who were conspicuous by their absence at this breakfast meeting. Pension Age reported “IFoA to investigate transferring of risk onto consumers” as if the actuaries were campaigning for Which? Professional Pensions reported the … Continue reading