Monthly Archives: April 2016
Not drinking the Kool-Aid – The Virgin Money Stakeholder IGC
Remember Stakeholder Pensions? Virgin Money do! In fact Virgin were one of the great enthusiasts for Stakeholder Pensions, sadly their ambitions were never quite realised commercially but it’s good to see that Virgin continue to treat their Stakeholders fairly and … Continue reading
Posted in IGC, pensions
Tagged governance, IGC, Northern Rock, Richard Branson, Scorecard, Sir David Chapman, Virgin, Virgin Money
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IGCs and the Transparency Task Force
This is an article that will appear in the Transparency Times, Andy Agethangelou’s online paper that will appear later this month. I am a big fan of the Tranparency TaskForce and also the publishing venture! If you aren’t a part of … Continue reading
Posted in pensions
Tagged Andy Agethangelou, charges, costs, GAA, IGC, stewardship, Transparency, transparency symposium, Transparency Task Force, Value for Money
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Games, gambling and gamification
My teacher at college didn’t have any time for film and he would get cross with us when we started discussing Polanski’s Macbeth or the the film of Henry V. This puzzled me and I asked him why. This (as … Continue reading
Posted in pensions
Tagged Business, dermot coutier, Financial services, Gambling, gamification;kingfisher, gaming, pensions, Retirement
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How can IGCs engage people with their pensions?
There are three measures by which I am judging the IGC Chair reports Do they speak with a proper tone of voice Do they show themselves effective in dealing with the provider they are governing Have they properly addressed whether … Continue reading
Posted in IGC, pensions
Tagged ABI, Business, Business and Economy, corporate governance, corporate risk, DWP, FCA, governance, IA, IGC, Insurers, National Employment Savings Trust, NEST, pension, Pension new, pension playpen, pensions, Ros Altmann, TPR, workplace Pensions
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Money corrupts, is State Street corrupted absolutely?
Is there no end to the greed within State Street’s global custody division? Two former executives at State Street have been charged by US officials for their part in a scheme involving secret commissions within its transition management business. Ross … Continue reading
Posted in pensions
Tagged Business and Economy, corporate governance, corporate risk, Global custody, NEST, pension, pension playpen, pensions, People's Pension, State Street
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OMG -OMW! Well done Old Mutual for your IGC!
The Old Mutual Independent Governance Committee’s Chair Report is out and it’s a good one. The Chair – Richard Butcher works for Pitman Trustees and having waded through a number of Pitman GAA reports , I had expected another … Continue reading
Posted in pensions
Tagged IGC, OMG, OMW, pension, Skandia, The Pensions Regulator, workplace pension
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Should we by-pass “personality”?
I once went to an interview at Goldman Sachs and sat in front of two successful guys (much younger than me). They picked up from my CV that in two of the previous four years I had been nominated … Continue reading
Posted in pensions, Personality
Tagged Conformity, independence, Mavericks, pension, Pension Personality, pensions, professional pensions, tag
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Vantage deserves better governance than this; the Hargreaves Lansdown IGC report.
I enjoyed reading the Hargreaves Lansdown IGC report but for all the wrong reasons. It begins with an Executive Summary and ends with a strong of awards listed for the benefit – presumably – of the executives who … Continue reading
Posted in pensions
Tagged corporate vantage, Hargreaves Lansdown, IGC, pension, QWPS, Retirement, Vantage, workplace pension
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Short but not that sweet – Fidelity’s IGC report
Fidelity has in Kim Nash, the only female Chair of an IGC, infact two out or three of the IGC’s independent members are woman (Rachel Brougham of BESTrustees being the other). If awards were given for brevity and … Continue reading
Posted in IGC, pensions
Tagged charges, costs, Fidelity, governance, IGC, investments, Kim Nash, pension, pensions, Retirement, workplace Pensions
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