Tag Archives: Banks
Negativity is no way to win workers’ hearts
This blog is about the parade of negativity that has been displayed by Reform and the Unions this week and why this is not what inspires workers (we used to call them the working class). Paul Nowak is head of … Continue reading
Are investment platforms “seal-clubbing” customers in cash?
The capacity of collectives to bulk individual accounts and get better returns is what drives “economies of scale”. But who benefits from such bulking is a matter for debate. The FCA are reported to be looking again at the testy … Continue reading
Cushon fusion. As part of NatWest will Cushon innovate or replicate?
Cushon has reached an agreement with NatWest Group for them to acquire a majority shareholding in Cushon. A minority shareholding (15%) will remain with Ben Pollard, CEO and Founder and other senior management. Cushon, a great British Fintech The story … Continue reading
When will they ever learn? (The CDO is back)
The FT reports (with its usual light touch ) that the collateralized debt obligation is back and being used by Global Pension Funds (and hedge funds) as an alternative to junk bonds. I question whether in its “authentic” (CLO) or … Continue reading
Posted in economics, investment, pensions
Tagged Banks, CDO, CLO, ft, Global Pension Funds, Junk, pension funds, Structured products
2 Comments
The pensions industry is far from ready for 2015.
There has been an assumption that through Guidance, Advice and revitalised Product, Britain’s lucky retirees drawing benefits from 2015 will take advantage of the new pension freedoms and things will be alright. The sharp of sight will have noticed a … Continue reading
Posted in advice gap, Bankers, pension playpen, pensions
Tagged Banks, guarantees, Guidance
1 Comment
Why the IMA are so wrong about fund research.
There had been signs that the Investment Management Association (IMA) was at last coming to terms with the needs of consumers and those who advise them to reveal the cost of owning their funds. In May , Daniel Godfrey- its … Continue reading
Posted in annuity, pensions
Tagged Banks, Business, Dealing, Employment, Financial services, Funds, Government, IMA, pension, Research, Retirement, Spreads, Steve Webb, Transactions
1 Comment
As for saving- our kids could be teaching us!
The punters just do not want what the pensions industry is trying to sell them These are the words of the financial editor of the Evening Standard, Anthony Hilton. Hilton expresses his frustration not at the public but … Continue reading
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