Category Archives: FCA

“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 , , , , , , , | 3 Comments

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 | 3 Comments

Regulator fines Regulator

Robin Ellison has too refined a mind and too fine a writing style, for his thoughts to be left languishing on Linked in. Not since the days of John Quarrell has there been such a dissenting voice, speaking against  the  … Continue reading

Posted in age wage, FCA, pensions | Tagged , , , , | 2 Comments

AgeWage responds to FCA’s call for input to it’s Open Finance initiative

1.”You have asked what action can we take to help ensure the potential of open banking is maximised”. AgeWage was set up to help people make sense of their retirement saving and to convert “pension pots” into a retirement plan. … Continue reading

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FCA fears Woodford “contagion”

  Then went the devils out of the man, and entered into the swine: and the herd ran violently down a steep place into the lake, and were choked.  Luke 8:33 The City regulator is investigating funds worth more than … Continue reading

Posted in age wage, FCA, FSA, pensions | Tagged , , , | 2 Comments

DC Governance turned upside down

Everyone acknowledges that defined contribution pensions turns the risk register on its head. Instead of sponsors taking the risk of poor performance, poor information and poor governance, these risks are now taken by savers. So why doesn’t scheme governance reflect … Continue reading

Posted in advice gap, age wage, cardano, corporate governance, dc pensions, FCA, Financial Conduct Authority, pensions | 1 Comment

Why do DB transfer values make me sick?

One of the things ordinary people find hardest to work out is why their share of a defined benefit scheme can go up when stock markets go down. This happened last month where the stock market fell. But in August, … Continue reading

Posted in actuaries, advice gap, BSPS, FCA, pensions | Tagged , , , , , , , | 8 Comments

NEST, technology and personalisation

I really admire this Rowlands chap. I’ve know him for the best part of 30 years and in all that time he has never been anything but a gent. He’s now a Director at NEST and I urge you to … Continue reading

Posted in advice gap, age wage, dc pensions, DWP, FCA, Financial Education, NEST, pensions | Tagged , , , , , | Leave a comment

Transfers + workplace pensions;- RU64 2.0

Have a look at chapter 4 of CP 19-25   Ongoing conflicts of interest We are proposing strengthening our existing requirements that advisers giving pension transfer advice should consider an available workplace pension as a receiving scheme for a transfer … Continue reading

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What does SJP “sacking” Woodford mean?

“HL removed Woodford from its Wealth 50 but did not force sell the funds as SJP has.” But this shows a fundamental misunderstanding of how SJP (costly restricted funds) and HL (costly self-select platform) work! https://t.co/6eQoSKNK0T — Alistair Cunningham (@Cunningham_UK) … Continue reading

Posted in FCA, governance, pensions | Tagged , , , , , , , | 10 Comments