Tag Archives: charges

AgeWage and Pension Bee call for Dashboards to tell us what we’re paying for our pensions.

Posted on July 7, 2020 by

Yesterday the Money and Pensions Service  opened a consultation on Pensions Dashboards’ data standards, seeking industry-wide input on the definition and scope of the information dashboards will  display. The call for input seeks views on:       the personal data items … Continue reading →

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If you think you know your costs, you could be wrong

Posted on June 13, 2020 by

This is the third of Dr Chris Sier’s insights into cost transparency and it gets right to the heart of the issue: just how much of a pension schemes total costs were previously unknown?   ‘You can’t manage what you … Continue reading →

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Prudential IGC reports a notable victory for savers.

Posted on April 28, 2020 by

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 →

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Investment; Nobody’s sharing your pain but you.

Posted on March 7, 2020 by

“Everyone wants to know you when the market’s rising, but when it falls, you’re on your own”. That’s the comment of one of my friends who’s been trying to talk with his wealth manager over the past week. Right….that’s it … Continue reading →

Posted in age wage, pensions | Tagged , , , , , | 2 Comments

Workplace GPPs, incompetence not governance drives policy.

Posted on February 5, 2020 by

The argument in a nutshell The FCA has decided to relax rules that would have made the management of workplace group personal pensions very difficult. These GPPs are run by insurers and a few GSIPP operators (Hargreaves Lansdown most prominently). … Continue reading →

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“What do people want?” – a question for IGCs

Posted on January 23, 2020 by

  The saddest statement I heard last year was from an adviser who told a room “we have given up reporting on outcomes, outcomes always disappoint”. It is not just IFA’s who don’t like to report on the outcomes of … Continue reading →

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How contingent fees underpin SJP’s shareholder value.

Posted on August 1, 2019 by

The last two days have not been kind to St James Place, on Tuesday it was presented with the FCA’s CP19/25 and PS19/21 and yesterday it had to face the wrath of the market which marked its shares down 5% … Continue reading →

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The impact of NDAs on pension outcomes

Posted on July 23, 2019 by

NDAs (non disclosure agreements), have been much in the news in the past week. The government says it will crack down on the use of workplace “gagging clauses” to cover up allegations of harassment, discrimination and assault. Many businesses use … Continue reading →

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Peoples;- for once the small print is good news!

Posted on February 22, 2019 by

  Yesterday I published the news that People’s Pension has dropped its prices for those with larger balances which they estimate will lead to a 10% drop in overall fee income. That is good news, especially if you are in … Continue reading →

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FCA to tame the drawdown bucking bronco!

Posted on January 29, 2019 by

  Yesterday was a good news day for people concerned about retirement income. The FCA made two meaningful statements on what it intends to do to help ordinary people trying to manage their in retirement finances. The first was the … Continue reading →

Posted in advice gap, corporate governance, FCA, pensions | Tagged , , , , , , , , , | 5 Comments