• The Pensions Advisory
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Call: 0800 011 3797

Call: 0800 011 3797



Visitors to our offices know that the TPAS army marches on its stomach. In fact, it was suggested by one of our staff members that we should have a weigh in when staff start working at TPAS. Bad idea! For those of you who visit our office, you will know that we are fuelled mainly by cake so in #NationalCakeWeek, we have been thinking about pensions and cakes.

Here is our recipe book of pension cakes:

  • Dundee fruit cake – a traditional Scottish fruit cake made with currants, sultanas and almonds; sometimes, fruit peel. It is rich and dense. This cake lasts forever so it is the defined benefit of cakes as it is expensive but provides sustenance throughout retirement.
  • Victoria sandwich – a relatively straightforward sponge cake sandwich with jam and buttercream but can be subject to many variations; like a personal pension plan where the investment options can be a few mainstream funds through to the full options available on SIPPs.
  • Battenberg cake – a cake, covered in marzipan, with a distinctive checkerboard of pink and yellow sponge stuck together with jam. The cake was purportedly named in honour of the marriage of Princess Victoria, a granddaughter of Queen Victoria, to Prince Louis of Battenberg in 1884. A reminder that pensions are part of a financial settlement on divorce; TPAS offers divorce appointments to explain more.
  • Ginger parkin –traditionally made with black treacle in Yorkshire, baked to a hard cake but with resting becomes moist and even sometimes sticky. This has to be the drawdown option where the choices on retirement can prove sticky.
  • Carrot cake - The origins of carrot cake are disputed. Recipes for carrot cake occur as early as 1827 in a French cookbook although the Swiss claim it as theirs and it remains the chosen cake for birthdays of children. The popularity of carrot cake in this country was due to rationing in WW2. There are some significant variations in the ingredients of a carrot cake. Maybe this is the workplace pension with the charges cap and the different of ‘net pay arrangements’ and ‘tax relief at source’ ingredients.

If this has got your mouth watering, contact TPAS so that we can help you with your pension cake choices.

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