Tag Archives: Consumer duty

“No more dithering” – Ros gets her bill!

    A private members bill from Baroness Ros Altmann to remove investment companies from the EU’s AIFMD legislation will have its first reading on 22 November. A bill to rectify issues with cost disclosure rules for investment trusts has … Continue reading

Posted in pensions | Tagged , , , | 1 Comment

Misleading cost disclosures are reducing investments in alternative energy and harming UK growth- Altmann

This blog is written by Ros Altmann and republished with her permission. She considers the plight of investment companies (investment trusts) , “an emergency situation”. It is published on Ros’ blog UK investment Companies are ready-made for kick-starting pension investment … Continue reading

Posted in pensions | Tagged , , , | Leave a comment

Change or die – the FT puts the boot into SJP

In an article that will alarm SJP’s shareholders, the FT calls into question SJP’s business model. The concern will be especially felt among the older generations of shareholder who will remember how Allied Dunbar fell from darling to disaster in … Continue reading

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

Keith Richards – how the Consumer Duty applies to pensions.

Keith Richards who has established the Consumer Duty Alliance spoke and answered questions about how the Consumer Duty applied to an audience, primarily interested in workplace pensions. You can watch the session here or from http://www.pensionplaypen.com . Margaret Snowden led … Continue reading

Posted in pensions | Tagged , , , | Leave a comment

Keith Richards and the Consumer Duty Alliance – Pension PlayPen – Today

Nope, it’s not the ageing rocker . it’s the smiley former CEO of the PFS who will no doubt not want to take questions about how the Personal Finance Society is doing right now. PROFESSIONAL BODIES06 APR, 2023 PFS launches … Continue reading

Posted in pensions | Tagged , , | Leave a comment

Doesn’t our duty to older consumers extend to online banking?

I listened last night to the Up all Night radio phone  which – despite other topics being available – was dominated by elderly people complaining their local bank branch had been closed. People were taking about 3 hour train and … Continue reading

Posted in pensions | Tagged , , , | 10 Comments

Learning to love my consumer duty

I admit to putting off reading the first five chapters of the consumer duty as instructed by my compliance officer. I have now done so and a few selected chapters more, diligently noting salient paragraphs and rehearsing over-riding principles, cross-cutting … Continue reading

Posted in pensions | Tagged , , , | 1 Comment

Keith Richards and the Consumer Duty Alliance – Pension PlayPen – next Tuesday

Click here to join the meeting Nope, it’s not the ageing rocker . it’s the smiley former CEO of the PFS who will no doubt not want to take questions about how the Personal Finance Society is doing right now. … Continue reading

Posted in pensions | Tagged , , | 1 Comment

Note to pension schemes; “Non-Compliance = Non-Existence”.

By emailing vfmpensions@gmail.com, you can tell Darren and Nico how long their podcasts should be, you can see that their latest opus (13) weighs in a full 12 minutes shorter that last week’s epic with Mike Berners-Lee (12). I think … Continue reading

Posted in pensions | Tagged , , , | Leave a comment

How do we know if our client’s drawdown strategy stacks up?

There’s a natural tendency for all asset managers to report performance as if they were talking to the trustees of a defined benefit pension scheme. Fact sheets, league tables and projections for pensions have been created out of what actuaries … Continue reading

Posted in pensions | Tagged , , | Leave a comment