Tag Archives: transfers

Former regulator slams transfer regulations.

Posted on June 5, 2023 by henry tapper

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 →

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Why Pension Bee are right to push for a 10 day switch guarantee

Posted on May 10, 2023 by henry tapper

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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Why steelworker’s compo is set to fall by £15,000

Posted on November 29, 2022 by henry tapper

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 →

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Safe harbor proposals for DC transfers to qualifying SIPPs

Posted on July 13, 2022 by henry tapper

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 →

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We need a Dyno-Rod to unblock the pension pipes!

Posted on July 5, 2022 by henry tapper

  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 →

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Balance sheet relief leads to later life grief?

Posted on September 11, 2020 by henry tapper

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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What are those actuaries up to now?

Posted on February 1, 2020 by henry tapper

“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 →

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FCA plan to get tough on poor transfer advice

Posted on June 20, 2019 by henry tapper

Two unexpected  things happened yesterday; SJP’s candidate for the “fireside chat” with the FCA – went sick (with no replacement offered) and the FCA published their market- wide data results for defined benefit transfers. Together this meant my fireside chat … Continue reading →

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Trustees and transfers

Posted on February 9, 2019 by henry tapper

Jo Cumbo’s article in Pensions Expert on contingent charging takes a dim view of trustee behaviour to date. Her idea that advice to stay in a DB scheme could be paid for by docking the original pension has got some … Continue reading →

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The Rookes report is a fine piece of work but actions speak louder than words.

Posted on January 23, 2019 by henry tapper

Having read Caroline Rookes’ review of the regulator’s handling of the BSPS “Time to Choose” episode , I’m  satisfied that she’s sending the right messages to the various authorities involved. There are four authorities who have their say in the … Continue reading →

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