Pensions – a windfall for the wealthy?

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I’ve talked in recent articles about the impact of higher transfer values on people living in Port Talbot and Redcar, and in the British Steel Pension Scheme. Around March last year, those transfer values in some cases doubled. Why? There were two reasons. The scheme moved to a single discount rate for all members The scheme started de-risking – moving from a growth based strategy to a “lower-risk”, bond based investment approach. What this did…

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11 years providing financial advice to individuals directly and through employers. 14 years within insurers working with advisers to provide better DC and DB outcomes. 25 years left to make a difference!

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