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Category Archives: FCA
The breach of trust the FCA has yet to address
The MP’s Nick Smith and Stephen Kinnock held a press conference yesterday to remind the FCA that 3 years after the hard closure of “Time To Choose” , steelworkers are still waiting for something to happen by way of compensation … Continue reading
Why the FCA should avoid transfer redress
Regulator under pressure after data request reveals fewer than 70 cases opened into #pension transfer mis-selling in three years. https://t.co/SmNM0mgaAz — Josephine Cumbo (@JosephineCumbo) November 13, 2020 There are two ways to consider the FCA’s supposed inactivity opening cases into … Continue reading
The FCA can’t blame the DB transfer debacle on pension freedoms.
Nikhil Rathi, the FCA’s CEO elect is only partly right in linking the upswing in transfers away for DB schemes to the precipitous introduction of pension freedoms. It is very important that the FCA properly understand the cocktail of … Continue reading
Posted in FCA, Financial Conduct Authority, pensions
Tagged DB, DB transfers, FCA, Nikhil Rathi, Port Talbot, The FCA cannot walk away from responsibility for what has happened. A new CEO should not be allowed to blame the Treasury. What happened, was happening even before 2015 and has continued ever since.
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The impact of banning contingent charging for pension transfers
The end of an era After over three years of mounting pressure, the FCA yesterday announced it would be banning the practice of contingent charging for work on Defined Benefit transfers from October 1st. Although some pipeline cases will conclude … Continue reading
Posted in advice gap, BSPS, Change, DWP, FCA, pensions
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The end of furlough and what it means for pensions.
A question was asked of the DWP on April 24th filed under “Pensions: Advisory Services” To ask the Secretary of State for Work and Pensions, what discussions she has had with the Financial Conduct Authority (FCA) on when the FCA … Continue reading
Posted in advice gap, age wage, Big Government, FCA, pensions
Tagged Furlough, MAPS, MAS, pensions, TPAS, TPR
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By their fruits ye shall know them.
Ye shall know them by their fruits. Do men gather grapes of thorns, or figs of thistles? Even so every good tree bringeth forth good fruit; but a corrupt tree bringeth forth evil fruit. A good tree cannot … Continue reading
Posted in advice gap, age wage, ESG, FCA, governance, investment, pensions
Tagged City of London, Coronavirus, ESG, Heart of the City, HOC
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Pension Plowman’s guide to 2020 IGC reports
This is a big year for IGCs. It is their fifth birthday, it’s the year when the FCA reviews their effectiveness and it’s the year of the pandemic, where providers and savers will be under maximum strain. Most of the … Continue reading
Posted in FCA, IGC, pensions
Tagged Aegon, Aviva, BlackRock, FCA, Fidelity, Hargreaves Lansdown, IGC, IGC report, L&G, Pensions, Phoenix, Prudential, Reassure, Royal London, Scottish Widows, SJP, Standard Life, Virgin Monday, workplace Pensions, Zurich
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Shouldn’t pensions “stay at home”?
Should we stop transfers for the next 6 months? Yields are down, markets are down, has there ever been such a time to transfer your pension rights? That’s what many people may be thinking and if you were a … Continue reading
Posted in advice gap, age wage, FCA, Financial Conduct Authority, pensions, Pensions Regulator
Tagged CETV, FCA, Pensions, Ros Altmann, TPR, transfer-value
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“Asleep at the wheel” The Millers catalogue our regulatory woes.
Campaigner Gina Miller is asking for an Independent Review of the Appointment of the Next Governor of the Bank of England and the FCA in the Face of a Catalogue of Regulatory Failures Leading to Catastrophic Consumer Detriment The True … Continue reading
Posted in FCA, Financial Conduct Authority, pensions
Tagged Alan Miller, BOE, FCA, Gina Miller, HBOS, Lloyds Banking Group, pensions, regualtion
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Are passive managers giving value for our money?
In the debate about what we get for the money we pay to fund managers , we tend to think of passive managers, not as managers – but as funds. We can of course get access to indices by buying … Continue reading
Posted in advice gap, age wage, FCA, pensions
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