FCA surprised that doing nothing didn’t fix OMO!

January 8, 2016 Leave your thoughts FCA Canary Wharf London

FCA surprised that doing nothing didn’t fix OMO! The Financial Conduct Authority (FCA) have released data that shows that the majority of people purchasing annuities actually bought them from their existing provider and didn’t make use of the Open Market Option to shop around for a better deal. The real […]

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Pension ‘bonanza’ headlines encourage poor decision-making

January 16, 2015 1 Comment Pension 'bonanza' headlines encourage poor decision-making

The media has been full of ‘pension bonanza’ headlines to describe the pension freedoms that come into effect this April. A lot of articles have focused on the dangers of people using up their pensions in a crazy burst of consumer spending giving rise to the ‘Lamborghini’ pensioner stereotype. Thankfully, […]

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Living in “interesting times” in the pensions’ world

December 19, 2014 Leave your thoughts Robert-Kennedy-Interesting-Times

The apocryphal Chinese curse, “May you live in interesting times” was quoted by Robert Kennedy in his famous “Day of Affirmation” speech [1]. In it he stated that although interesting times were times of danger and uncertainty, they were generally the most creative times. Few would have believed this time […]

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When TLC isn’t enough, LTC comes into it’s own

October 28, 2014 Leave your thoughts When TLC isn’t enough, LTC comes into it’s own

Over the last decade, the autumn television season has been dominated by a battle between ITV’s The X-Factor and the BBC’s Strictly Come Dancing. While initially the X-Factor led the way and regularly thumped Strictly in the ratings, the gap has been narrowing and for the last couple of years […]

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Should a pension be renamed severance pay?

October 16, 2014 Leave your thoughts

What is a pension? Up to the end of 2013, most of us would have defined it as a regular payment that is made to a retiree for the duration of his or her retirement. It’s worth remembering that because the latest pension reforms, introduced by the Chancellor, and apparently amended on a daily basis, are taking the whole idea of pensions in a completely different direction.

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The Chancellor’s sophistry on pension reform is dangerous

July 22, 2014 2 Comments

Chancellor George Osborne was dismissive of the critics of his Budget 2014 pension reforms in an interview with the BBC this week. “It’s not my money, it’s not your money… We have to get away from the patronising view that the state knows best”. This is a subtle and attractive […]

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When the eternal optimism of youth is dangerous

June 18, 2014 Leave your thoughts

A recent survey by Blackrock’s Global Investor Pulse showed that young people aged between 25 and 34 have a stark problem. They believe they need at least £54,000 to live on in retirement. That’s fine; except for the fact that they also believe they need to accumulate a lump sum […]

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Antipodean pension’s strategy is the opposite of our own

April 15, 2014 Leave your thoughts

Just as the Chancellor decides that people are experienced enough to make the right decisions on pensions, evidence from Australia has surfaced to show that this may be completely the wrong approach. In the Australian superannuation system, the money that has been accruing into ones pension fund at retirement can […]

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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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Equity release must be part of retirement solution

January 29, 2014 Leave your thoughts London-cranes-equity-release

Looking out of the window of my hotel bedroom in London on a recent trip, it was impossible to ignore the signs of a booming property market; the numerous cranes were clustered together like groups of midwives around a maternity bed, bringing forth new buildings under the watchful eyes of […]

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