Author Archives: sipphound

About sipphound

Chewing over pensions, saving and retirement issues. Sniffing around financial planning, personal finance, investing and behavioural influences. All personal opinions, no company represented and no advice given.

I will faithfully try the defendant

This is a very personal blog about my recent experience doing jury service. I hope you find it interesting. We all know how our justice system works. Asked simple questions about who does what, we would get them right. And … Continue reading

Posted in Behaviour, Education, Personal | 1 Comment

The Impact of the Financial Crisis on the Risk Attitudes of Investment Advisers

Welcome to a guest blog, based on recent, original research conducted among over 300 investment advisers by Newcastle University student Jessica Fox for her dissertation. (If you would like to know more about Jessica’s research, please do use the link … Continue reading

Posted in Behaviour, Education, Financial advisers | Tagged , , , | 1 Comment

All in it together

Being “in it together” makes things easier when the going gets tough. David Cameron appealed to this when he vowed to tackle the deficit, albeit that some have since tried to turn it against him. In pension terms, employees were … Continue reading

Posted in auto-enrolment, Behaviour, Personal | Tagged , , | Leave a comment

Re-building initiative in SIPPs

Another budget, another pensions surprise. Rather than the usual crimping, however, this time we got a new initiative: to allow SIPPs and SSASs to convert commercial property with unused space to residential property. “Housing 2.18 Changes to pension investment rules … Continue reading

Posted in Pension policy, Pension rules, SIPPs, SSAS | Tagged , , , , | 1 Comment

Two Sorts of Capital Punishment

There is a massive issue in the SIPP industry at the moment: the FSA’s proposals for a new SIPP capital adequacy regime. There’s a big difference between capital adequacy and capital punishment but, nonetheless, it seems the difference needs clarifying. … Continue reading

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Nothing in between Capped and Flexible? I can’t Adam & Eve it!

I’d like to share with you the extraordinary tale of two 60-year-old retirees, born on the exact same day. They are both in capped drawdown and they have both just received notification of their new income limits. Neither is happy.

Posted in Drawdown, Pension rules, Retirement | Tagged , , , | Leave a comment

Failing to Illustrate a Simple Truth

Projected growth rates in illustrations are being cut to 2%, 5% and 8% per annum, delivering a supposed cold dose of reality. I can’t really agree. The rationale for reducing the assumed investment returns is that we have been in … Continue reading

Posted in Education, Illustrations, Pension policy | Tagged , , , , | Leave a comment

Learning the Wrong Lessons

This chap is on holiday in Hong Kong and he’s just ticked off one of the tourist classics – he’s had a suit made. He goes back to his Kowloon hotel to show his wife and, to his surprise, she … Continue reading

Posted in Pension policy, Pension rules, Retirement | Tagged , , , | 2 Comments

Play Your Cards Right

You may be surprised to learn that many years ago I was a casino manager. For those who know no better, this conjures all sorts of visions: Vegas, excitement, Robert De Niro and gangsters. I can assure you, they are … Continue reading

Posted in Behaviour, SIPPs | Tagged , , , | Leave a comment

Drawdown Rhetoric Should Be Capped

A tacit competition to find the individual whose drawdown income has fallen the most is raging like a hot new Olympic event. Some providers have then used this to argue that the way capped drawdown operates needs fixing. It’s straight … Continue reading

Posted in Drawdown, Pension rules, SIPPs | Tagged , , , , , | 1 Comment