Tag Archives: transfers

Contingent charging – “commission” by another name?


Along with Al Rush, Jo Cumbo , Michelle Cracknell – I was interviewed yesterday by the BBC Moneybox team for a Christmas special on pension transfers. It’s always good doing these things as it forces you to say what you … Continue reading

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The FCA finally get to the bottom of why transfers have been mis-sold.


I feel like singing hallelujah! The FCA’s findings from their transfer review are brilliantly presented here by NMA’s Talya Mistry.Misiri Here’s how she sums things up The findings highlighted that less than 50% of advice was suitable. It said that … Continue reading

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

CDC and the actuarial profession


  I am not an actuary, I work with actuaries and I work for an actuarial firm. I stand up for actuaries and I praise them where praise is due. Yesterday saw an attack on the actuarial profession on twitter … Continue reading

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More fun and games in the crazy world of pension transfers


It didn’t take long for the ripples from the Lloyds Bank GMP equalisation ruling  to reach the crazy land of pension transfers.  Within a few days of the Judge Morgan’s verdict we hear that thousands of people are having their pension transfers delayed … Continue reading

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Some odd things about partial transfers.


There’s a debate going on between Al Rush, Jo Cumbo, Steve Webb and a number of others with regards partial transfers from defined benefit schemes. Want to go 50:50 with a “final salary” pension transfer? Ford will soon let employees … Continue reading

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FCA – kicking the transfer can down the road


£37bn flowed out of DB schemes last year in transfers, the vast majority of the money was transferred with the help of IFAs and the vast majority of IFAs charge for transfer advice on a contingent basis. To ordinary people … Continue reading

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Are some schemes over-paying on Transfer Values?


Royal London have requested and got the notorious letter sent earlier this year to certain schemes perceived to be vulnerable to pension transfers. It includes the following sections. There is nothing new about this guidance; Steve Webb is spot on … Continue reading

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Recognition for Al Rush and for Chive, but have we learned Port Talbot’s lessons?


It was good that Chive received recognition from the IFA community at last night’s Money Marketing Awards. The final award of the evening is the Outstanding Contribution Award sponsored by @RoyalLondon #MMAwards2018 — Money Marketing (@_moneymarketing) June 21, 2018 It … Continue reading

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Aviva (unlike tPR) get it right on transfers.


    Well done Andy Briggs for saying what a responsible life company CEO should say . “Aviva backs ban on transfer advice charges“. Let’s be clear Aviva are not calling for a ban on defined benefit transfers, they are … Continue reading

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DB Transfers all but triple in a year.


Transfers to other pension schemes10 RKQR 6,810 6,084 5,363 13,221 12,777 34,245 Andy is referring to the Office of National Statistics  update to “Investment by insurance companies, pension funds and trusts (MQ5)” -table 4.3: …  The numbers are confirmed by … Continue reading

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