Category Archives: State Street
State Street and People’s – a lack of “emissional” intelligence?
I am not very happy that People’s Pension has chosen State Street to manage the money under its master trust. In early 2014, State Street were found guilty of over-charging a variety of pension funds and were fined by the … Continue reading
Posted in NEST, pensions, Pensions Regulator, smelly, State Street
Tagged advice, annuity, auto enrolment, babloo ramamurthy, Business, DWP, Financial services, National Employment Savings Trust, NEST, pension, Pension new, pension playpen, Pension Regulator, pensions, People's Pension, Scottish Widows, State Street
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How pensions are impacted by the bank bonus culture
State Street need something better than the “need and greed” culture that fostered these frauds and Mastertrusts and IGCs need something better than the toothless response to these excesses Continue reading
Posted in Bankers, State Street, target date funds
Tagged Bank, Bankers, Business, corporate governance, corporate risk, dc pensions, Defined benefit pension plan, DWP, Financial services, Government, National Employment Savings Trust, NEST, pension, Pension new, pensions, Politics, Public Sector Pensions, State Street
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Better hid.
The trustees of NEST have been faced with a dilemma and it’s clear they have considered it and taken decisive inaction. This blog sets out to explain and justify why the Trustees of our National Employers Savings Trust have chosen … Continue reading
Quis custodiet ipsos custodes?
I am glad to see that Sam Broadbeck of Pensions Insight has not allowed the State Street scandal to fall off the radar just yet. Writing in Pensions Insight, Sam points out that while Transition Management is not the … Continue reading
Reputational damage?
If you ain’t got nothing , you ain’t got nothing to lose! So sang Bob Dylan and this appears to be the tactical approach of some financial services companies who continue in their endeavours in the face of massive reputational … Continue reading