Tag Archives: corporate governance

Phoenix Life’s IGC runs out of steam

  Phoenix’s 2021 IGC report The Phoenix Group has not one, not two but three IGCs in operation. I have already reported on the IGC report for Standard Life and will also report on ReAssure’s IGC report. It’s easy to … Continue reading

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Where are these 1200 schemes to be consolidated?

When it comes to poor practice  “sunlight is the best disinfectant”. But the sun never shines on the whereabouts of occupational DC schemes, which are supposed to run their own websites for the benefit of all, but whose whereabouts on … Continue reading

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The devil is in these pension increases

Yesterday I was writing about the need to be pragmatic about the indexation of our pensions. Today I read in the FT that the calculation rules for the triple lock mean that pensioners could be in for an 8% rise … Continue reading

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Will technology save lifestyle?

No sooner have I published a blog announcing that AgeWage is embarking on research on how lifestyle has actually done, than I read a post in Professional Pensions from Julius Pursaill explaining how a master trust he advises is going … Continue reading

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Can Government put social freedom back in the bottle?

LATEST: All social gatherings of more than 6 people will be banned in England under new Covid-19 limits to be announced tomorrow by PM Boris Johnson. The police will have new powers to disperse and fine any group larger than … Continue reading

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Power to the people (now we’re taking the risk).

  If the People’s Pension , is really the people’s pension, why aren’t the people who are members being told what they are paying for membership? For some months, I have been saying privately to the management and Trustees of … Continue reading

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Wake up to the PPF!

  It was good to oversleep and wake up not to the lark (metaphorical here in EC4), but to Alan Rubenstein purring about his Pension Protection Fund. Pension Protection Fund figures published yesterday show the lifeboat scheme has £4.1bn surplus and … Continue reading

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Playing the personality card

Of all the financial myths that remain unchallenged, the myth of personality is least challenged and most lethal. For it allows the congregation of expert panels/committees/boards – stuffed with perceived “personality” to validate all manner of iniquities. For those personalities … Continue reading

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How can IGCs engage people with their pensions?

There are three measures by which I am judging the IGC Chair reports Do they speak with a proper tone of voice Do they show themselves effective in dealing with the provider they are governing Have they properly addressed whether … Continue reading

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Money corrupts, is State Street corrupted absolutely?

Is there no end to the  greed within State Street’s global custody division? Two former executives at State Street have been charged by US officials for their part in a scheme involving secret commissions within its transition management business. Ross … Continue reading

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