Category Archives: FCA

The breach of trust the FCA has yet to address

Posted on January 22, 2021 by henry tapper

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 →

Posted in BSPS, FCA | Tagged , , , , , | 1 Comment

Why the FCA should avoid transfer redress

Posted on November 15, 2020 by henry tapper

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 →

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The FCA can’t blame the DB transfer debacle on pension freedoms.

Posted on July 24, 2020 by henry tapper

  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 , , , , , , | 1 Comment

The impact of banning contingent charging for pension transfers

Posted on June 6, 2020 by henry tapper

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 | Leave a comment

The end of furlough and what it means for pensions.

Posted on May 7, 2020 by henry tapper

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 →

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By their fruits ye shall know them.

Posted on April 23, 2020 by henry tapper

    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 , , , , | Leave a comment

Pension Plowman’s guide to 2020 IGC reports

Posted on April 12, 2020 by henry tapper

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 , , , , , , , , , , , , , , , , , , , | 2 Comments

Shouldn’t pensions “stay at home”?

Posted on March 25, 2020 by henry tapper

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 , , , , , | 2 Comments

“Asleep at the wheel” The Millers catalogue our regulatory woes.

Posted on February 26, 2020 by henry tapper

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?

Posted on February 9, 2020 by henry tapper

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