Tag Archives: chris sier

A battle won – not yet the war; FCA demands cost disclosure.


    I get worried by premature announcements of victory. The battle to get proper cost disclosure is a long one , hostilities commenced properly with the OFT report on workplace pensions in 2014. This reminded Government that we know … Continue reading

Posted in auto-enrolment, pensions | Tagged , , , , , | 6 Comments

What do we tell our members?


    Yesterday’s keynote speech from David Farrar at the Professional Pension DC Conference contained some important messages. I wasn’t the only person in the room picking up a new tone on disclosure. The quote is a close approximation to … Continue reading

Posted in pensions | Tagged , , , , , , , | 1 Comment

Fund managers -Norma Cohen is still watching!


  The great British financial journalist Norma Cohen rarely publishes in the FT these days, when she does, it is to great effect. This week she published a quiet and thoughtful piece on the impact MIFID II is having on … Continue reading

Posted in Blogging, David Pitt-Watson, economics, journalism, pensions | Tagged , , , , , , , , | 3 Comments

Britain leading the way (at last)


The balance of regulatory geo-politics has changed (did I really write that!) I guess most baby boomers like me grew up thinking that (at least in matters financial), Britain could look to America for progressive policy and practice. This is no … Continue reading

Posted in advice gap, Big Government, customer service, pensions | Tagged , , , , , , , , | 3 Comments

Why employers must understand the value for money of their workplace pension


  Among the remedies leading from the FCA’s Asset Management Market Study was a clear recommendation …that both industry and investor representatives agree a standardised template of costs and charges and we propose to ask an independent person to convene … Continue reading

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

From Denham to Sier – a 1% world!


  You know how sometimes a little fact gets stuck in your head for no apparent reason? Back in 1998, I was reading an article by the then Pensions Minister John Denham. He stated that if we could reduce the … Continue reading

Posted in accountants, advice gap, pensions | Tagged , , , , , , | 3 Comments

“Bill it to the fund”- why the TTF calls for full disclosure.


(Brief)case study I didn’t quite know what the smart gentleman meant when he offered me a drink in a first class carriage coming down from Manchester. “It’s ok – we’re billing to the fund”. Then it dawned on me, the … Continue reading

Posted in pensions | Tagged , , , , , | 6 Comments

PENSIONS TRANSPARENCY REACHES PARLIAMENT


Lux in tenebris   The roof leaks, the walls are crumbling but the House of Commons is still the seat of British Government. Andy Agethangelou has used the momentum he and his team have built up to set up a Transparency … Continue reading

Posted in Bankers, Candy Crunch, pensions | Tagged , , , , , , , , , , | Leave a comment

The true cost of pensions; UK vs Netherlands – guest blog from Emma Craig of KAS Bank


  Yesterday the Financial Services Consumer Panel released a paper outlining key issues for long term savers created by opacity in the true cost of investing in pensions. As auto-enrolment of workers into (predominantly) Defined Contribution pensions continues apace the … Continue reading

Posted in CDC, drawdown, DWP, Financial Conduct Authority, Financial Education, First Actuarial, pension playpen | Tagged , , , , , , , , | Leave a comment