Category Archives: FCA
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
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
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
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
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 actuaries, DB pensions, equities, gilts, pensions, shares, Transfer values, XPS
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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 Engagement, Mark Rowlands, NEST, pension, pensions, Technology
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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
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 Funds, governance, Hargreaves Lansdown, pensions, pooled fund, segregated mandate, SJP, Woodford
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Championing better funds – well done Chris Sier
And last but by no means least our 2019 industry champions are … #PIPA2019 @SierChris @margaretsnowdon pic.twitter.com/ImeRIye3Tr — Pensions Expert (@pensions_expert) May 15, 2019 It’s good to see Chris get this award and see him in his kilt Congratulations to … Continue reading
Posted in advice gap, FCA, pensions
Tagged AgeWage, Awards, Clearglass, Funds, LGPS, pensions
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Learning to live and love the FCA
The pension map has two views of the world, . One view sees pensions as retirement savings and is governed by the FCA, the other sees retirement savings as pensions and is governed by the Pensions Regulator. It’s as binary … Continue reading
Posted in FCA, pensions
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