Tag Archives: FCA

L&G; a smooth operator with an open IGC


For an Independent Governance Committee to work, there must be a means for it to interact with its membership in a meaningful way. L&G – uniquely to my knowledge – offer policyholders of their workplace pension the opportunity to come to … Continue reading

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Does financial incapacity matter?


We are a nation of financial incompetents.- or so FCA research tells us. A quarter of the people who have accessed a defined contribution pension in the past two years do not know how they did so.  The Financial Lives survey, … Continue reading

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Over 55 and still paying commission on your pension?!*!


It may surprise you, but I am still paying commission to Allied Dunbar on a pension I took out in 1986 and stopped paying into in 1989. That commission works out as a 3.5% pa charge on the units I … Continue reading

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


    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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FCA -If you’re looking for innovation….get real!


The FCA says it has found precious little evidence of innovation from its Retirement Outcome Review. I am not surprised, judging by the people who it invites to its “workshops”, it is looking in the wrong places. It is necessary to … Continue reading

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Advising the 5,000; so where are the loaves and fishes?


The mass market of people retiring over the next few years  no default means to spend their money and no access to suitably priced advice. That is the conclusion of the FCA consultation on Retirement Outcomes that has just closed. … Continue reading

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New torment for investment consultants – Mike Foster.


  Mike is a senior consultant at Montfort Communications. Until recently he was assistant editor at Financial News and that journalistic pedigree shines through in this remarkable piece of writing. Though the mills of God grind slowly, yet they grind … Continue reading

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Resistance is futile! The FCA give the bully boys their marching orders


                                                 For you Tommy zee war is over! So the investment consultants are to be marched off to Stalug Luft CMA, for prolonged interrogation and indefinite detainment. Happily I have no pretentions to be an investment consultant and so can … Continue reading

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What do we tell our members?


    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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LCP and Royal London; helping us make better retirement decisions


LCP and Royal London have produced a joint report on HELPING DB MEMBERS MAKE BETTER RETIREMENT DECISIONS: THE ROLE OF SCHEMES, ADVISERS, REGULATORS AND GOVERNMENT You can read it here The Main findings are The LCP Breakfast Briefing I had … Continue reading

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