Category Archives: IGC
IGCs – a final reckoning
Here is a summary of the IGC reports analysed on this blog. If you want to read my assessments in detail, please use the search engine. I have segmented the blogs as you can see. It may be unfair to … Continue reading
Posted in governance, IGC, investment, Pension Freedoms, pensions
Tagged Asst manager, auto enrolment, CAA, FCA, governance, IGC, SIPP, TPR
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How IGCs help employers (and their advisers)
If you read the terms of reference or Chair reports of the IGCs (and GAAs) , it’s the “member” on whom the work is focussed and for whom the reports are written. “Member” is short-hand for policy holder as in … Continue reading
Posted in IGC, pensions, Personality
Tagged Business, customers, employers, Employment, FCA, Financial services, GAA, governance, IGC, members, pension, pensions, Retirement, TCF
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The IGC and GAA Directory
Here (in no particular order) is a list of the 17 IGCs we know to have been published. Please feel free to cut and paste from this Directory, which includes another list of GAAs and a third list with links … Continue reading
Posted in IGC, pensions
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Not drinking the Kool-Aid – The Virgin Money Stakeholder IGC
Remember Stakeholder Pensions? Virgin Money do! In fact Virgin were one of the great enthusiasts for Stakeholder Pensions, sadly their ambitions were never quite realised commercially but it’s good to see that Virgin continue to treat their Stakeholders fairly and … Continue reading
Posted in IGC, pensions
Tagged governance, IGC, Northern Rock, Richard Branson, Scorecard, Sir David Chapman, Virgin, Virgin Money
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How can IGCs engage people with their pensions?
There are three measures by which I am judging the IGC Chair reports Do they speak with a proper tone of voice Do they show themselves effective in dealing with the provider they are governing Have they properly addressed whether … Continue reading
Posted in IGC, pensions
Tagged ABI, Business, Business and Economy, corporate governance, corporate risk, DWP, FCA, governance, IA, IGC, Insurers, National Employment Savings Trust, NEST, pension, Pension new, pension playpen, pensions, Ros Altmann, TPR, workplace Pensions
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Short but not that sweet – Fidelity’s IGC report
Fidelity has in Kim Nash, the only female Chair of an IGC, infact two out or three of the IGC’s independent members are woman (Rachel Brougham of BESTrustees being the other). If awards were given for brevity and … Continue reading
Posted in IGC, pensions
Tagged charges, costs, Fidelity, governance, IGC, investments, Kim Nash, pension, pensions, Retirement, workplace Pensions
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Aegon’s ICC – treating the customer seriously.
I like Aegon’s IGC Chair report, delivered by top trustee Ian Pittaway. It’s not easy to find and though the report makes numerous references to its readers being its policyholders, I have no idea how a policyholder would stumble across … Continue reading
Posted in IGC, pensions
Tagged Aegon, governance, Ian Pittaway, IGC, pensions, Retirement, Value for Money, workplace pension
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“Say hello- say goodbye” – the Friends Life IGC
Having spent 7 pages introducing itself and setting out its stall, the Friends Life IGC Chair Statement concludes, 7 pages later; It’s a case of say hello say, say goodbye and I’m afraid that the 7 pages which deal with … Continue reading