Category Archives: IGC

Bench marking will challenge IGCs and raise their game!

This blog is a follow up to my piece which asks whether the FCA has let the IGCs off with impunity. The FCA has chosen not to publicly humiliate failing IGCs but to give them clear guidance for  the future. … Continue reading

Posted in advice gap, IGC, pensions | Tagged , , , | Leave a comment

Have IGC’s let savers down with impunity?

When it all began Back in 2015 , when the IGC chairs first met, I wrote a blog critical of IGC Chairs and their advisers who seemed to be publicly questioning the purpose behind Independent Governance Committees. You can read … Continue reading

Posted in IGC, pensions | Tagged , , , , | Leave a comment

Prudential IGC reports a notable victory for savers.

2019/20 – a battle won Prudential’s is the last IGC to publish its Chair report this year and I suspect the report we get is rather different than the report planned earlier in the year. Chair Lawrence Churchill tells us … Continue reading

Posted in IGC, pensions | Tagged , , , , , | Leave a comment

Aviva’s IGC – more effective than its report suggests

Aviva’s IGC has turned up and you can preview it here (it launches properly Monday) It’s available as  a PDF  you can download here or you can read a digital version Having read both, I’d suggest that the PDF works … Continue reading

Posted in advice gap, age wage, auto-enrolment, IGC, pensions | Tagged , , , , , , , | Leave a comment

ReAssure’s IGC report

ReAssure, after a short delay, have published their 2019/20 IGC report which you can read here It’s a betwixt and between document as at the time of publication, ReAssure is in the process of being acquired by Phoenix and in … Continue reading

Posted in actuaries, advice gap, IGC, pensions | Tagged , , , | Leave a comment

Pension Plowman’s guide to 2020 IGC reports

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

From an empty chair; Hargreaves Lansdown’s excellent IGC statement.

  A cautionary tale It has been a difficult year for Hargreaves Lansdown’s IGC and they have launched their Chair’s statement without a Chair. This unusual state of affair followed the departure of David Grimes with clearly no succession plan … Continue reading

Posted in IGC, pensions | Tagged , , , , , | Leave a 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

Old Mutual’s IGC – much improved!

Last year I gave Old Mutual’s IGC Chair Statement the thumbs down . This year’s statement is a great improvement. It will be the last from Old Mutual as the book of business looked after by Richard Butcher, Ian Costain, … Continue reading

Posted in advice gap, age wage, IGC, pensions | Tagged , , , | Leave a comment

Virgin Money’s IGC sees red

  Sir David Chapman is one IGC Chair who does not promote his provider. For five years he’s been demanding an upgrade to the default fund the 80,000 or so savers in the Virgin Money stakeholder pension have been stuck … Continue reading

Posted in IGC, pensions | Tagged , , , , | Leave a comment