Steve Bee

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Steve Bee: Are advisers ready for the real baby boomers?

Contrary to popular belief, we have not yet seen the real wave of post-War babies reach their 60s – and millions have deferred DB pension wealth Something significant is about to happen that will affect all those involved in the giving of advice in the UK from 2020 onwards. In the five decades following the […]

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Steve Bee: Coping with the 21st century retirement crisis

The golden age of defined benefit company pension schemes is over. The golden generations of pensioners it spawned, in the private sector at least, have gone off into the sunset with their generous pots. Towards the end of the last century, many of the largest employers in the UK used their pension schemes as the […]

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Steve Bee: Don’t shut down the national advice service debate

In my last Money Marketing column I proposed that the Government should provide a national advice service. Free to use at the point of need, it should be a truly advice-giving service, not one simply based on providing guidance. The idea attracted rather a lot of attention. Not all of it positive. The ubiquitous nature […]

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Steve Bee: Our pensions system has lost its purpose

A snap general election and everything is up in the air again. It may mean more changes to our pension system. Then again, it may not. All bets are off. Our job is just to keep watching and react to events completely outside our control. And that is true not just for those of us in […]

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Steve Bee: Is this the best we can do on pensions?

Most of us working in the UK these days are heading for a period of great worry and uncertainty later in life when we become pensioners. Despite the fact we have had a thriving pensions industry for more than 60 years, and a state pension system for over a century, the nation seems unable to […]

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Steve Bee: Pensions are pay and should not be unwound

Why is it that private companies feel they cannot afford defined benefit pension schemes for their employees but the Government has no trouble at all providing them for public servants? Our Government is (directly or indirectly) the largest employer in the UK, with millions of public sector workers covered by generous DB pension promises. But […]

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Steve Bee: Are we nearing the final days for pensions?

I have been working in the pensions industry for almost five decades now. In that time, I have been witness to a great deal of upheaval in what seems like an unnecessarily ever-changing sector. That said, I honestly do not think I have ever encountered such a strong feeling of hopelessness as that which currently engulfs […]