Monthly Archives: April 2018
Investment aspects of CDC – Con Keating
One of the less discussed aspects of CDC is the management of the investment fund. This differs from traditional DC where the asset management objective is to maximise asset values at all times. It is intrinsically short-term. Incidentally this conflicts … Continue reading
From EasyBuild to Peoples Pension; B&CE’s IGC’s “special purpose”.
BB&CE’s workplace pension empire has changed. EasyBuild is shrinking its policyholders and moving their “pots” to the People’s Pension with the help of The B&CE IGC. EasyBuild was once Britain’s largest stakeholder pension scheme, the B&CE flagship. , B&CE has moved with … Continue reading
The Virgin Money IGC has had enough.
For the first time in three years of reviewing IGC Chair Reports, I sensed an IGC that has had enough. Sir David Chapman’s third report concludes that the Virgin Stakeholder Pension is providing “Fair” value for money. But in the … Continue reading
The day the world turned orange (II) #GrandNational18
When I first went to Aintree six years ago, I wrote a blog called “the day the world turned orange”. I had been caught out by the wonderful world of scouse and I’ve been going back to Aintree every … Continue reading
Nothing wrong with being contrarian – the Hargreaves Lansdown 2018 IGC report
There’s a compelling logic to the HL IGC Chair’s introduction Since they all relate to value for money for scheme members, our findings and progress are set out in the following analysis of value for money. Value for Money is … Continue reading
Posted in pensions
Tagged Hargreaves Lansdown, HL, IGC, pensions, workplace Pensions
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Con Keating on the Rules of Evidence and The Defined Benefit White Paper.
This post is from Con Keating and first appeared in Portfolio Institutional Alongside its new DB white paper (Protecting Defined Benefit Pension Schemes) the Department of Work and Pensions published a summary of the responses to the earlier DB Green … Continue reading
Posted in club pension, pensions
Tagged Con Keating, DB, defined benefit, Frank Field, pensions
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Reassure’s IGC produce another good report
Reassure, the life insurance consolidator owned by Swiss Re, continues to swallow up large numbers of what the market calls “legacy” pensions. If you took out a pension in the past and stopped paying, you still have rights to that … Continue reading
Pension paralysis over the net-pay rip off.
I won’t bore you with a list, but there are 31 blogs on this site dealing with various aspects of the net-pay rip-off which is denying hundreds of thousands of low-paid people the incentive promised them by HMRC for contributing … Continue reading
Posted in Payroll, pensions
Tagged HMRC, Hymans Robertson, net-pay, Paralysis, pensions, Research, tax relief
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Laugh, cry, applaud! Zurich’s IGC report is flawed – but a “must read”
I don’t know whether to laugh, applaud or cry when reading Zurich IGC reports and Laurie Edmans’ third report is no exception. Laugh – because of Laurie’s brutal honesty But from the members’ perspective, it does not matter whether the … Continue reading
Posted in IGC, pensions
Tagged IGC, Laurie Edmonds, pensions, Scottish Widows, Zurich
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Reforming the law to let IGC’s act on ESG
The FCA made the following statement in its 2018 business plan. published this week We are currently undertaking wider policy work on Independent Governance Committees (IGCs) for workplace pension schemes to look at the possibility of extending their remit. This … Continue reading
Posted in pensions
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