Tag Archives: FCA

All messed up and nowhere to go – DB transfer compensation

The FCA announced yesterday that it was writing to a further 950 DB pension advice customers potentially entitled to compensation. The FCA has now written to a total of 3,591 defined benefit (DB) pension transfer advice customers this year to tell them they may be entitled to compensation. And it … Continue reading

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Whatever happened to the portable personal pension?

  This is how the National Audit Office introduced their last report on regulating to protect consumers. That was in March 2019. UK households spend a total of around £140 billion a year in bills on water, energy and telecommunications, … Continue reading

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A Standard for pension VFM is the practical way forward

The FCA and The Pensions Regulator (TPR) have published a joint discussion paper on developing a common framework for measuring value for money (VFM) in defined contribution (DC) pension schemes. The aim of the two regulators is to drive a … Continue reading

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Making sense of value and money with personal “investment rates”

  Today we expect a discussion paper from tPR/FCA on the measurement of value for money. This is not so much a blog but an essay about measuring value. I’m trying to write about what I hear people saying and … Continue reading

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Breaking news on the value for money debate

Two dates for my diary from the FCA yesterday On September 16th , the FCA and TPR will be publishing a joint discussion paper on the measurement of value for money. On October 4th, the FCA will be publishing a … Continue reading

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Why Aussies love pensions (and we don’t).

The Australian Regulator has produced a simple way for Australians saving into DC workplace pensions to look at their savings product and make a reasonable assessment of whether they are getting value for money. They are not using the complex … Continue reading

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Productive Capital – producing value for members, tax-payers or both?

  This blog reports a discussion by  the Steering Committee (SC) of the Productive Finance Working Group’. The original document (minutes of a meeting on July 28th) can be accessed here. This meeting occurred before the letter from the Prime … Continue reading

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Standard Life’s IGC’s filibuster

Who do IGC chairs write their chair statements for? It was a question I discussed yesterday with an IGC chair. Every IGC report states that it is written solely for members but any member who opens the link to the … Continue reading

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Are asset managers finally getting real about DC?

At a recent DC investment forum run by Professional Pensions, Andrew Brown of Columbia Threadneedle asserted that DC fiduciaries need to use the market shock of the pandemic to test the resilience of their DC default strategies. I’ve got good … Continue reading

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SJP talk to their happy customers – should they talk to us all?

The value assessment process was introduced to make it easier for investors to understand what they’re getting in exchange for the fees they pay. So, we’ve taken care to outline the full range of services that you receive from us: … Continue reading

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