Tag Archives: chris sier

Why every hidden cost matters.

Posted on August 28, 2018 by henry tapper

Value recognised A lot has been made about the hidden charges of running a fund over the past ten years. Over this time there have been two high profile campaigns to bring them into the open. In the retail space, … Continue reading →

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How important is investment transparency to savers?

Posted on August 8, 2018 by henry tapper

  This is the 5th of a series of eight blogs addressing the eight questions posed by the WPC. Today’s exam question is How important is investment transparency to savers? A short answer is ” a lot more important than most … Continue reading →

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We don’t just need a dashboard – we need a steering wheel!

Posted on July 13, 2018 by henry tapper

Like everyone else, I think a dashboard to see my pension pots in a single place is a great idea. But building a dashboard is only a part of it. You can’t steer your car with a dashboard. 21st century … Continue reading →

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Roll out Transparency today!

Posted on May 24, 2018 by henry tapper

  Today is a Transparency Task Force day and Andy Agethangelou and the transparent will be assembling at Pension Insurance Corporation from 9am. You can catch me on a CDC power panel at 4pm. I urge you to go- it … Continue reading →

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The CMA and IDWG are looking for the right grubs under the wrong stones.

Posted on March 4, 2018 by henry tapper

The Competition and Markets Authority has produced the first of a series of working papers (only 90 pages) looking at the buy-side of institutional intermediation (e.g. what happens between buying an asset and the return the customer gets). “The evidence reviewed … Continue reading →

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Tell us what value is and we’ll measure it!

Posted on December 27, 2017 by henry tapper

  Donny Hay , a client Director at Pitman’s Trustees, argues cogently in this week’s Pension Expert- about recent work by Chris Sier and colleagues the cost assessment template focuses on the numbers, but says nothing about whether those costs represent … Continue reading →

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

Posted on September 21, 2017 by henry tapper

    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 →

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What do we tell our members?

Posted on September 6, 2017 by henry tapper

    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 →

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Fund managers -Norma Cohen is still watching!

Posted on September 1, 2017 by henry tapper

  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)

Posted on August 14, 2017 by henry tapper

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