Tag Archives: Financial Services Authority

Will some employers need their own IGCs?


  This blog’s for any employer or adviser with an existing workplace pension scheme (GPP or Stakeholder Pension), where you chose the funds offered to your staff.   I asked a question of the Pensions Regulator this week. He’d put … Continue reading

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Why the Government is so worked up about DC pension charges.


The DWP are expected to announce today how they intend to out the hidden costs in personal pensions that can reduce personal pension income by up to 30% The table below shows how we get income in retirement. There are … Continue reading

Posted in annuity, pensions | Tagged , , , , , , , , , | 4 Comments

Let’s fix broken pensions, not start again.


The answer lies in doing things better, not doing things new Continue reading

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Getting use to managing pensions ourselves


The ideas of personal financial empowerment and independent financial advice grew up hand in hand. But they are mutually exclsusive concepts and ill-matched bedfellows. Now that we have the means to do it ourselves, we need to be allowed to. … Continue reading

Posted in brand, Change, Financial Education, First Actuarial, pension playpen, pensions | Tagged , , , , , , , , , , , , | Leave a comment

Exploring the cost of ownership – Guest blog from Dr Chris Sier


Introduction The pension fund value chain is overly complex, costly and completely opaque to the end consumer. The Kay Review of UK Equity Markets and Long-term Decision-making (2013) highlighted this. In fact, the total cost of owning (TCO) a pension … Continue reading

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From old to new – minimising disruption from pension reform


This post puts forward a new paradigm  for 2014 , based on  adjustments to the 2013 mindset. My assumptions are;- We are about to enter a new world where trail commission, active member discounts and higher cost investment defaults play no … Continue reading

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King Canute got governance about right!


If we are to become as effective in the management of our pension funds as our German and Dutch cousins, we are going to have learn the lessons of Canute and concentrate our governance though centralised channels focussing on things we can do something about. Continue reading

Posted in advice gap, annuity, auto-enrolment, David Pitt-Watson, dc pensions, defined aspiration, FSA | Tagged , , , , , , , , , , , , | Leave a comment

Would you take your chance on a mastertrust?


It’s called proper choice and I’m all for GPPs and mastertrusts squaring up to each other and having the argument Continue reading

Posted in actuaries, auto-enrolment, brand, governance, pensions, Retirement | Tagged , , , , , , , | 2 Comments

No win no fee – one way to clean up asset management


I met yesterday with a Swiss firm whose business is to reduce the investment costs for large investors (typically with €500m +). The model is simple, no retainer – they receive 50% of the savings from their work. They are a … Continue reading

Posted in Bankers, Change, corporate governance, David Pitt-Watson, dc pensions, de-risking, Fred Goodwin, FSA, Management, napf, pension playpen, pensions, RBS, redington, Retirement, twitter | Tagged , , , , , , , | 1 Comment