Category Archives: Financial Conduct Authority

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 , , , , , , | 1 Comment

Will COVID promote ESG or destroy it?

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?

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”?

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.

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

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.

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.

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

Following the money away

  There is a simple rule in investment matters, “if you can’t understand it, don’t invest in it”. Which is why the FCA stop people with limited investment understanding investing in compex financial products . It is why transparency matters, … Continue reading

Posted in advice gap, FCA, Fiduciary Management, Financial Conduct Authority, pensions | Tagged , , , , , , | 3 Comments

Three cheers for the FCA Asset Management Market Study

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

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