Category Archives: Financial Conduct Authority

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

Will COVID promote ESG or destroy it?

Posted on May 9, 2020 by henry tapper

This time last year I was talking with BNY Mellon about using AgeWage as an ESG platform to help investors vote their shares. It’s not we decided to do (though there is one Fintech that’s taken up the challenge). The … Continue reading →

Posted in ESG, Financial Conduct Authority, pensions | Tagged , , , , | 1 Comment

Is Fidelity’s IGC papering over the cracks?

Posted on April 11, 2020 by henry tapper

Kim Nash and Anna Bradley are the only female IGC Chairs.  Kim’s not only IGC chair at Fidelity, she’s chair of the master trust. She’s not only chair of the Fidelity master trust , but chair of the Scottish Widows … Continue reading →

Posted in Financial Conduct Authority, 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

DC Governance turned upside down

Posted on November 4, 2019 by henry tapper

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 CETVs at BSPS have changed so much.

Posted on December 6, 2017 by henry tapper

This letter explains why a former BSPS member claimed on BBC News last night that he had lost hundreds of thousands of pounds by timing his transfer request wrong; or- as he claimed – because he was badly advised over timing. The letter ends and … Continue reading →

Posted in BSPS, Financial Conduct Authority, pensions | 4 Comments

Commission – the charge that dare not speak its name.

Posted on December 6, 2017 by henry tapper

I feel like someone walking to a destination with a blindfold on, I am getting information from my phone but it is intermittent and there are many obstacles that I stumble over as I walk along. Thankfully, there are people … Continue reading →

Posted in BSPS, dc pensions, Financial Conduct Authority, pensions | Tagged , , , , , | 10 Comments

Three cheers for the FCA Asset Management Market Study

Posted on June 29, 2017 by henry tapper

I  got to read MS15/2.3 last night. It was a good read. It’s long and detailed but it’s key findings and remedies are short enough to be listed here. There are the remedies that need a little more consultation;-  that … Continue reading →

Posted in FCA, Financial Conduct Authority, First Actuarial, pensions | Tagged , , , | Leave a comment

Can IFAs create their own profession?

Posted on July 24, 2015 by henry tapper

James Walker  has published BWD’s assessment of the prospects for firms offering financial advice as their core product. He paints a picture of rising regulatory costs and sluggish growth prospects preventing IFA practices from employing the young blood to refresh it. Last … Continue reading →

Posted in advice gap, FCA, Financial Conduct Authority, First Actuarial, Personality | Tagged , , , , , , , , , , , , , , , | 3 Comments