Monthly Archives: August 2014

“Value for money” key to DC Governance say FCA.

Posted on August 7, 2014 by henry tapper

The FCA published yesterday an important consultation (CPA14/16) proposing rules for independent governance committees (IGCs). The introduction of IGCs was agreed by the ABI as part of a deal with the Office of Fair Trading that fended off insurers being referred to a more serious investigation. The main … Continue reading →

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The kids may be alright

Posted on August 6, 2014 by henry tapper

  Savvy             Are our kids turning into a generation of Saffies? – (“the bitch-troll from hell” or “ever virtuous wonder kid” that haunts Patsy and Eddy through AbFab). According to the excellent Scottish Widows … Continue reading →

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Pension PlayPen needs your digits.

Posted on August 5, 2014 by henry tapper

  Digital marketing is something we’re having to learn as we go along. We’ve got to find 1,000,000 employers who don’t have a workplace pension and convince them of the importance of paying some attention to what their staff invest … Continue reading →

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Good pensions need good bosses!

Posted on August 4, 2014 by henry tapper

. My friend Steve Bee has produced a marvellous cartoon this morning. The need to save between 15 and 20% of lifetime earnings hasn’t changed. The numbers being crunched to come up with the 17.5% recommended lifetime contribution rate should … Continue reading →

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SIPPs – where does the buck stop?

Posted on August 2, 2014 by henry tapper

  The recent ruling of the Financial Ombudsman found in favour of investor- “Mr A” and against Berkeley Burke, a SIPP provider who had managed a £25,000 investment made by Mr A in Sustainable AgroEnergy. Mr A had been advised by … Continue reading →

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Fungibility

Posted on August 2, 2014 by henry tapper

One of the great words of the English language, fungibility means that something is replaceable. What’s fungible and what’s not? If I give you a tenner, that note is fungible with 10 £1 coins or two fivers. If I am … Continue reading →

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These you have loved (the pension brands that fell by the wayside)

Posted on August 1, 2014 by henry tapper

Here is a list of the insurers participating in the ABI’s DC legacy review and the brands under which they provide (or originally provided) DC workplace pensions.  Abbey Life  Abbey Life Assurance  Hill Samuel Life Assurance  Target … Continue reading →

Posted in investment, pension playpen, pensions | Tagged , , , , , , , , , , , | 4 Comments