BBC to lay on financial advice for members looking at transfers

BBC Bush House plaque (Getty)

The BBC is to offer paid-for independent financial advice to help members get the most from the pension freedoms, in particular to support those considering transferring their assets.

Pension savers lack confidence on scams

From the blog: Two in every five people are not confident they could tell the difference between a scam and a genuine investment.

That's according to a survey by financial adviser Portal Financial, which assessed 1,000 people aged over 55 across the UK.

As a result those individuals are vulnerable to investment scams with terms attached that are more attractive than any genuine scheme.

Click here to read the full blog post

Black Monday underscores need for robust strategies

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Proactive investment strategies are key for protecting schemes in times of high volatility, experts have said, as ripples from the Chinese market rout reinforce the need for scheme triggers.

Between two boards: Balancing the dual roles of exec and trustee

The broader experience of financial directors and company executives may enhance pension trustee boards' insight and understanding, but conflicts of interest should be carefully managed.

How to win hearts and minds for auto-enrolment success

Andy Agathangelou

From the blog: Financial services is the least trusted industry of all. Those responsible for running pensions should think about what this means – and what it explains.

Research on trust in different industries around the world found a correlation between distrust of financial services and the issues the pensions industry is facing, such as: 

  • frustratingly low levels of engagement, despite expenditure on communication and education; 
  • individuals persistently refusing to join pension schemes, despite tax concessions and employers’ willingness to contribute; 
  • the need to auto-enrol millions of people into pensions, despite saving for old age being a sound idea. 

Click here to read full blog post

Run affordable risk, say experts

Schemes must not run more risk than they can afford, say experts, as UK private sector defined benefit deficits rocket to £900bn.

Comment & Analysis

SPP: Tax does have to be taxing

Duncan Buchanan

Talking Head: A move to tax pensions like Isas is on the cards with far-reaching consequences for long-term saving, says the Society of Pension Professionals' Duncan Buchanan.

Why the power of IGCs should not be underestimated

Helen Ball

Investment governance committees lack the power of a trustee board, says Sackers' Helen Ball, but they can still change workplace pensions for the better.

Is the medically underwritten annuity market too good to be true?

Buyouts remain a popular derisking strategy for defined benefit schemes. Aon Hewitt's Martin Bird looks at how the medically underwritten option is gaining ground in this burgeoning market.

Video

Video: Regulator promises 'short, punchy' DC code

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Video: The Pensions Regulator's chief executive Lesley Titcomb outlines the watchdog's key areas of focus – including a revision of the DC code, the freedom fallout and mastertrust assurance, and touches on the argument for a single regulator (6:11). 

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