Tag Archives: FCA

The DC Trust – a pension appendix

Posted on July 14, 2019 by

The appendix Nobody knows exactly why we have an appendix, but removing it isn’t harmful. Appendicitis typically starts with a pain in the middle of your tummy (abdomen) that may come and go. (NHS inform). I feel much the same about … Continue reading →

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

One life – one retirement – two regulators

Posted on June 26, 2019 by

Yesterday’s Pension and Benefits UK conference kicked off with consecutive speech’s from TPR CEO Charles Counsell and the FCA’s Edwyn Schooling Latter. Counsell delivered a staid and unambitious rehearsal of tPR’s agenda and frankly I was bored. Schooling Latter spoke … Continue reading →

Posted in advice gap, annuity, pensions | Tagged , , , | 1 Comment

How proactive do we want the FCA?

Posted on June 19, 2019 by

We get the regulators we deserve. It’s no use us whingeing that we have a reactive regulator if we demand a free market without interventions. But when there is evidence of malfeasance, we demand our regulators are quick off the … Continue reading →

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

Time for us to get a grip on later life!

Posted on June 10, 2019 by

The FCA’s financial lives survey is now over two years old and due an update. This great piece of work was marshalled by Jo Hill who is now a Trustee at the Pensions Regulator. It is worth me reminding myself … Continue reading →

Posted in advice gap, age wage, pensions | Tagged , , , , | 1 Comment

MPs call the conflicts of contingent charging

Posted on May 20, 2019 by

FCA under renewed pressure from MPs to ban contingent charging for #pensions advice https://t.co/ET5dOtTcKI — Josephine Cumbo (@JosephineCumbo) May 16, 2019 This is good news. The pressure on the FCA to ban contingent charging for pension advice must continue. Because … Continue reading →

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Transparency bites the fund industry

Posted on April 19, 2019 by

From top to bottom of  financial intermediation cost disclosure is causing problems. UBS and Goldman Sachs have been fined eye-watering sums for failure to provide the right information for others to disclose to their clients. They are not alone. Those … Continue reading →

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Phoenix IGC report – “we’re here solely for you”

Posted on March 30, 2019 by

The Phoenix IGC has had a good year and its 40 page report shows how a well chaired, well funded IGC can produce a document that is both authoritative and readable. Congratulations to its chair – David Hare – who … Continue reading →

Posted in age wage, IGC, pensions | Tagged , , , , , | 1 Comment

NHS pensions are damaging the NHS – a doctor writes

Posted on March 6, 2019 by

    This article is by Dr Nitin Arora I asked to publish it as I have followed his work on twitter to help pension professionals understand the current problems facing members of the NHS pension scheme. As I have … Continue reading →

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

Peoples;- for once the small print is good news!

Posted on February 22, 2019 by

  Yesterday I published the news that People’s Pension has dropped its prices for those with larger balances which they estimate will lead to a 10% drop in overall fee income. That is good news, especially if you are in … Continue reading →

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How do we use our IGCs?

Posted on February 13, 2019 by

My key words in the title are “we” and “our”. The Independent Governance Committee’s set up as a result of the failings in contact-based workplace pensions identified by the OFT, are for us – the consumer. They were not set … Continue reading →

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