Your house as a late-stage pension fund

Spendthrift drawdown or frugal drawdown? Two different angles on the problem of misjudging how much to spend in retirement, when people are dependent on drawdown from their own capital, have surfaced recently. Writing in FTMoney, Merryn Somerset Webb thinks they...

The love/hate thing with annuities

New consumer research shows 79% of retirees want a guaranteed income for life but only 10% expect to buy an annuity. An annuity guarantees an income for life. Is this plain ignorance or a general unresolved skittishness? We plump for skittishness. And we think it...

FCA tightens the screw on transfers

Our submission to the FCA’s latest consultation on DB pension transfers (CP18/07) is . The new proposals are contentious and potentially far more significant than any before. Our general observation is that this makes the perfect the enemy of the good. It is...

FCA decisions on DB transfer advice

Today’s FCA policy statement following its consultation on advice on pension transfers shows it has listened to some of the main objections to its proposals for strengthening a clearly fragile advice process but it will leave unsatisfied objections from both...