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Henry Tapper: ‘We’ve really made a mess of DB transfers’

First Actuarial director and British Steel campaigner Henry Tapper has criticised the role of unregulated introducers in encouraging unsuitable defined benefit transfers out of the scheme. Tapper has been heavily involved with Operation Chive, the pro-bono adviser-led initiative to give help and guidance to steelworkers after the British Steel Pension Scheme’s collapse left them vulnerable […]

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SJP defends report claiming its charges are mid-range

St James’s Place has defended the findings of a report that shows how its charges stack up against those of its peers. Advisers questioned the methodology behind the Grant Thornton Adviser Charges Report, which is not publicly available but was published in part in SJP’s 2017 results. Money Marketing obtained a condensed version of the […]

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Retirees not recklessly spending pension wealth

Older people are holding onto their savings and are reluctant to spend money impulsively, according to research from the Institute for Fiscal Studies. A survey published today looking at how individuals use their wealth once they retire finds many are not drawing down as much wealth as they could. It says, on average, individuals will […]

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