Henry. It is all happening far too late for us elderly, born last century and been underpaid historicly by anything…
It is the valuation process that has created artificially high required contribution rates. I believe the Strathclyde pension scheme's employer's…
From April 2027 the PR of a deceased will be required to include pensions in the IHT filing it is…
The worry is that large providers (including the Government owned Nest) are treating the Pensions Dashboard as a compliance item…
Tag Archives: transfers
Contingent charging will sink DB transfers
IFAs who persist in conveyor belt transfers based on contingent charging will kill the transfer market. Why people are taking a punt if they pay on the never-never. The FCA have made it clear that to transfer out of … Continue reading
Posted in advice gap, BSPS, pensions
Tagged contingent charging, DB transfers, pensions, pricing, transfers
3 Comments
Aegon stung into action by the Bee!
Let your people go! It looks like Aegon has backed down and agreed to treat its customers wishing to transfer to PensionBee, fairly. This report, based on what appears to be a press release from Aegon, suggests that Aegon will … Continue reading
Posted in pensions
Tagged Aegon, Margaret Snowden, PASA, PensionBee, pensions, Rom Samova, standards, transfers
Leave a comment
BSPS – a big win – but at what cost?
It now seems quite certain that the New British Steel Pension Scheme will happen and that it will be populated by the majority of members of the current British Steel Pension Scheme. In announcing the results of “Time to … Continue reading
Big pension decisions need grounding.
I am getting worried by the return of the word “systemic”. It pops up in Andrew Warwick-Thompson’s (otherwise) excellent article “a misunderstood shift” and it’s behind calls from those who know better to “just ban transfers”. It would … Continue reading
Steelworkers – what to do now!
Here is my advice – don’t worry – people are looking out for you. If you have sent your options form and have not heard back, do not worry. There is no need to panic, don’t send more option … Continue reading
Do you want to advise BSPS members in their “time to choose”?
This blog is for financial advisers, though anyone, including BSPS members, may find it useful. Financial advisers are urgently required by these members who are in their “time to choose”. There are two self-help groups for BSPS members. One is for all … Continue reading
Posted in advice gap, BSPS, pensions
Tagged BSPS, financial advice, pensions, Quietroom, Time to Choose, transfers
9 Comments
So you want to pay your own pension costs- do you?
A new twist to the Pension Transfer Debate has been introduced by Willis Towers Watson (WTW) at a seminar last Tuesday at their London offices. At the event, consultants reported a ripple effect caused by the surge in members transferring out. WTW … Continue reading
Posted in pensions
Tagged CETV, Consultants, defined benefit, final salary, IFA, pensions, SIPP, transfers, WTW
6 Comments
LCP and Royal London; helping us make better retirement decisions
LCP and Royal London have produced a joint report on HELPING DB MEMBERS MAKE BETTER RETIREMENT DECISIONS: THE ROLE OF SCHEMES, ADVISERS, REGULATORS AND GOVERNMENT You can read it here The Main findings are The LCP Breakfast Briefing I had … Continue reading
Posted in pensions
Tagged FCA, partial transfers, pensions, The Pension Regulator, The Pensions Regulator, transfers
1 Comment
“Going halves on DB” – the argument for (and against) partial transfers.
(Rival) consultancy LCP and insurer Royal London have joined up to produce a paper calling for it to be mandatory for trustees to provide members with the option to take part of their DB pension as pension and part as … Continue reading
Posted in pensions
Tagged CETV, first actuarial, LCP, pension, pensions, Royal London, Steve Webb, Transfer values, transfers
2 Comments
Transfer values, discount rates and reality – some insight from Con Keating
The picture above shows Con holding forth at a lunch in Whitechapel, I think he was talking of this very subject. “What oft was thought but ne’er so well expressed” – thanks Con! Prompted by the publicity surrounding DB pension … Continue reading
Surely St Andy of t'North can just borrow lots of money from his Abu Dhabi chums? Is that why we…