The FCA should apologise to Pension Providers and IFAs

October 17, 2014 Leave your thoughts

For the last decade, the FSA, and latterly its reincarnation as the FCA, have lambasted pension providers and the financial advisers that recommend their products. The FCA have criticised their work and insinuated that the IFAs and providers are ripping consumers off and need huge amounts of regulation to prevent them from essentially robbing the consumers.

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The End of Retirement (Part One)

April 14, 2014 1 Comment

This article was originally commissioned and published in for the January 2014 edition of the Investment Life & Pensions Moneyfacts publication. In the first part of a two part series, Tom Murray explores what society might be like in a new age where people no longer retire in the traditional […]

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Money (That’s What Motown’s Pensioners Want)

December 10, 2013 Leave your thoughts Money (That's waht

The Motown label’s first hit was Barret Strong’s “Money (That’s What I Want)” and it went to number 23 in the US charts in 1960. 53 years later and the song will be echoing through the Detroit suburbs as a landmark ruling by Justice Rhodes in the Detroit municipal bankruptcy […]

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Silly season froth over pension charges

August 19, 2013 2 Comments

August is usually referred to as the “silly season” in terms of news items. Because so many people go away on vacation, newspapers have very little to work on so that any stories that emerge during August are over-hyped and get more attention than they normally deserve. Therefore, it is […]

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Income Drawdown rule changes must be reversed

October 9, 2012 Leave your thoughts

The changes wrought by the current Government to the Income Drawdown regulations, i.e. the restriction of the level of drawdown to 100% of the Government Actuarial Department annuity rates rather than the 120% that it was previously, has seriously affected the at-retirement market. The effect of this change has been […]

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Investment Life & Pensions Moneyfacts: A poor harvest

September 29, 2012 Leave your thoughts

This article was originally commissioned and published in September 2012 for Investment Life & Pensions Moneyfacts publication. It is written by Tom Murray, Head of Product Strategy at Exaxe. Autumn has arrived. Keat’s season of mist and mellow fruitfulness is upon us and this is relevant for more than the […]

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Life experience provides better guide than financial qualifications

June 19, 2012 4 Comments Retirement advice

There has been some debate lately in the trade press about the tendency of people to take level annuities rather than inflation-proofed annuities because of the higher amount available. This fact has been held up as proof of the need for advice at the point of retirement, because otherwise people […]

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UK Budget 2012 – Good for pensions in the long run

March 22, 2012 Leave your thoughts Broken eggs image UK budget 2012

The howl of outrage that has greeted the budget from the pensioners needs to be heard with an amount of scepticism. There is no real argument for treating pensioners more generously, in terms of tax allowances, than those in the productive sector of the economy. The allowances also cause a […]

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