Monthly Archives: October 2023
A truly “independent” governance report on Hargreaves Lansdown’s workplace pension.
Hargreaves Lansdown’s IGC report reads like a personal statement from its chair Richard Butcher and it is the most independent of the reports I have read so far this year. By “independent”, I mean it looks at issues that may … Continue reading
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Aegon’s IGC report baffles me!
Ian Pittaway , chair of Aegon’s IGC (and master trust) is independently minded. He is not going to be told what value for money is by Government and his introduction to the 2023 IGC report makes this clear The IGC … Continue reading
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Fidelity’s yawn of an IGC report
Listening to Kim Nash introducing her IGC report on Fidelity International’s workplace pension , I got one key message I took a screen shot because this statement does not appear anywhere else – either in the summary or the IGC … Continue reading
Wealth management draws a deep breath as SJP shares plunge 22%.
Just before 7am on Friday, I was browsing the FT on line -reading the paper as we used to say. I was drawn to a headline claiming SJP was being pushed by UK Regulators to overhaul fees. I wrote a … Continue reading
SJP sees share price plunge 22% on the day.
This is not a blog about SJP but a blog about the FT’s coverage of SJP’s travails as they seek to respond to the FCA’s consumer duty without their business model cracking. The reporting is relentless and consistent and it … Continue reading
Phoenix Life’s exemplary IGC report.
Phoenix is no longer just an insurer of flaked out life insurance companies. It is a powerful financial service brand that includes Standard Life among the companies within its group. It spends money on good governance and I’m pleased to … Continue reading
“Correcting the biggest avoidable UK public policy failure of recent decades”
The CISI is running an event on Wednesday 25th October which has the most extraordinary agenda and a magnificent speaker line-up that I doubt will be equalled this year. Pensions has been one of the biggest avoidable public policy … Continue reading
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Tagged CISI, Harriett Agnew, John Kay, Mervyn King, Pensions, Risk, Robert Laslett, SteveWebb
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Scottish Widows IGC writes a report that policyholders might want to read
Anna Bradley is back as Scottish Widows IGC chair and she couldn’t have chosen a worse time to get the job. She’s reporting on 2022, a year when not only was the performance of Scottish Widow’s workplace pension funds … Continue reading