Category Archives: governance
Will some employers need their own IGCs?
This blog’s for any employer or adviser with an existing workplace pension scheme (GPP or Stakeholder Pension), where you chose the funds offered to your staff. I asked a question of the Pensions Regulator this week. He’d put … Continue reading
Pension PlayPen response to the DWP Command Paper on Workplace Pensions
Pension PlayPen Ltd trades as http://www.pensionplaypen.com and is the leading portal through which employers access information to stage auto-enrolment. The site allows employers to assess their workforce, determine a contribution structure, apply to workplace pension providers for terms … Continue reading
Posted in auto-enrolment, dc pensions, DWP, FCA, governance, investment, pensions
Tagged Business, Consultation, DWP, Employment, Investment management, Measures, pensions, Retirement, Savers, social media, Steve Webb, Workplae Pensions
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The shape of things to come? US class action on DC fees
Thanks to my favourite Swedish lawyer, Per Andelius for this extraordinary story. Fidelity are being taken to court by members of their DC plan for charging $355 record keeping fees per member against an underlying cost of $10. Why this matters because … Continue reading
Posted in actuaries, advice gap, Bankers, governance
Tagged Business, Class-Action, dc, dc pensions, Employment, Fidelity, Financial services, Government, pension, Pension new, pensions, Retirement, United States
2 Comments
What do you do when the lights go out?
Professional Pensions run the story of the £22.9m fine dished out to State Street who had been double charging clients for years. I had thought of custodians till recently as their name suggests as guardians of assets, not as asset strippers. … Continue reading
Posted in Bankers, governance, pensions
Tagged Banks, Business, Custodian, custody, Employment, finance, Financial services, Fraud, Government, National Employment Savings Trust, pension, pensions, Retirement, State Street, Theft
3 Comments
I want my, I want my, I want my IGC…
We need our IGCs and we need them soon! Continue reading
Posted in annuity, governance, investment, pension playpen, pensions, redington, Retirement
Tagged annuity, Business, corporate governance, Financial services, governance, Government
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The value of the triple-lock,
No doubt there will be many commentators who will sneer at this promise of Cameron’s. I will not be one of them. Continue reading
What’s this charge cap really going to cost? (1000th blog)
Ringing out the old and ringing in the new should be managed with a little more responsibility than the approach adopted by the DWP through their dodgy Impact Assessment Continue reading
John Kay has not left the room.
I had read Professor John Kay‘s Review of UK Equity markets and long-term decision making but it wasn’t till I heard him speak yesterday that I “got it”. Kay’s concern for the state of the UK financial services market goes much … Continue reading
Posted in Bankers, governance
Tagged Business, Employment, finance, Financial services, Investing, John Kay, John McKay, Scotland Tonight
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Why target date funds have been slow to catch on
with all the headwinds in the favour of TDFs and against Lifestyle it’s hard to see why insurers aren’t switching to TDFs Continue reading
Posted in actuaries, advice gap, annuity, auto-enrolment, governance, investment
Tagged BlackRock, Funds, Investing, Lifestyle, Mutual fund, SHPS, Target date fund, United States
2 Comments