Tag Archives: workplace Pensions

Are the nuts and bolts of our workplace pensions coming loose?

Posted on October 5, 2019 by

  In September 2018, the Financial Times reported on PensionSync research Millions of pounds of tax relief has been overpaid to workplace pension savers in the UK following errors made by tens of thousands of employers. Regulators conceded this week … Continue reading →

Posted in advice gap, age wage, pensions | Tagged , , , | 1 Comment

We can have venturous investment within the pension charge cap

Posted on September 25, 2019 by

I’m a big fan of the British Business Bank (BBB) which helps start-ups like AgeWage organise the money to get them up and running and helps them grow. I’m also a fan of their idea of making workplace pension work … Continue reading →

Posted in advice gap, age wage, pensions, workplace pensions | Tagged , , , | 1 Comment

What would BREXIT mean to workplace pensions?

Posted on September 6, 2019 by

  Europe has a great deal of influence on UK pensions; the influence includes fund reporting, funding requirements, reserving against risk and even competition between service providers. This can have very strange results. The reason that NEST has such a … Continue reading →

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Do we have to wait for the car crash, before we mend the road? CP19/25

Posted on July 31, 2019 by

Around £12bn worth of DB pension pots could have been subjected to poor transfer advice, based on these FCA figures. This is over one year alone. pic.twitter.com/eUPWu8UoL0 — Josephine Cumbo (@JosephineCumbo) July 30, 2019 It is now too late to … Continue reading →

Posted in advice gap, age wage, BSPS, dc pensions, de-risking, pensions | Tagged , , | 4 Comments

British Steel – workplace pensions go missing

Posted on May 22, 2019 by

Maria Espadinha’s  excellent article in the FT’s Advisor clarifies to financial advisers that were Greybull to go into administration, there would be no impact on the new BSPS.  It’s a timely reminder as there will undoubtedly be increased vulnerability amongst traumatised … Continue reading →

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

Our pensions need you!

Posted on May 2, 2019 by

  I got some fierce feedback on yesterday’s blog where I moaned at the lack of progress in helping people convert DC pension pots to a wage for life/salary in retirement/agewage. Here’s Richard Chilton There is an implicit assumption in … Continue reading →

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“In an advised world – do workplace pensions need trustees”.

Posted on April 28, 2019 by

The quote is taken from a recent interview of Steve Webb of Royal London. It is a critical question which deserves an answer. The Workplace Pension Governance landscape (is changing) Something very odd is happening in DC Governance, something that … Continue reading →

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Virgin Money’s stakeholder is in special measures – put the IGC in charge.

Posted on April 12, 2019 by

Sid Vicious didn’t last long at Virgin when the Sex Pistols flirted with the record label. His relationship was as stormy as the Virgin Money’s IGC is with Virgin Money. Things are vicious once again , even if the Pistols … Continue reading →

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IGC reports 2019; what should we be looking for?

Posted on March 29, 2019 by

    For those who don’t follow this blog, I’ve been reviewing IGC reports since 2015/16 and intend to do so again this year. There is very little accountability on the IGCs. Though IGCs were set up to put right … Continue reading →

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How do we use our IGCs?

Posted on February 13, 2019 by

My key words in the title are “we” and “our”. The Independent Governance Committee’s set up as a result of the failings in contact-based workplace pensions identified by the OFT, are for us – the consumer. They were not set … Continue reading →

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