Tag Archives: FCA

Falling out of love with the market.


  The most startling thing about the conservative manifesto is that it advocates Government intervention as a way of improving those just about managing in Britain. This is a very different approach to that of previous Governments that relied on competition within markets. From labour markets, through energy, telecoms and pharma to financial services, the […]

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Falling out of love with the market.


  The most startling thing about the conservative manifesto is that it advocates Government intervention as a way of improving those just about managing in Britain. This is a very different approach to that of previous Governments that relied on … Continue reading

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“No more junkets if you cut our margins” – IFAs warned.


Delegates at PIMS 2017, a floating holiday for Financial Planners (and journalists), seem have  been threatened . “Platforms will struggle to cut charges without affecting existing services”, Seven Investment Management (7IM) head of platform Verona Smith told advisers (including New Model Adviser to … Continue reading

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Don’t blame us punters for “unadvised drawdown”- give us an alternative!


  Back in 2014, in the lead up to the launch of the pension freedoms, I wrote a blog on the perils of unadvised drawdown. I predicted then , what we see today, a large number of people trying to … Continue reading

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Cost disclosure now! No more workplace pension NDAs!


Following Julius Pursaill’s excellent piece on value for money yesterday, I’m following up with some practical thoughts. The blog yesterday triggered a meeting with an IGC chair who probed me on the vfm scoring system that has been troubling me … Continue reading

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Alan Miller on price clustering among asset managers.


We recently published new research, backing up the recent FCA Asset Management Study findings regarding price clustering (i.e. cartel like pricing) within the UK fund management industry. SCM Direct analysed the non-index or tracker clean share classes of 683 funds … Continue reading

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Less than faithful stewards


Robin Powell is one of pension’s best investigative journalists. Here he reviews the day’s FCA press releases which suggest that despite prompting, asset managers continue to let their investors down. Another day, another piece of evidence that the UK asset managers … Continue reading

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Trouble at till …Tesco’s pricing problems are a lesson to us all!


Something’s wrong at Tesco when the offers you see on the shelves don’t show up on your bill. The BBC went shopping and  in 33 of 50 stores visited, multi-buy promotions were marked on the shelf, but the time-limited discounts were not … Continue reading

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We do not need another consultation on costs and charges.


A report in Professional Pensions that we are to get yet another consultation on costs and charges fill me with gloom. As the report points out, we have two consultations on the subject – in progress. They follow an exhaustive call … Continue reading

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Where next for “value for money”?


  Value for Money is the holy grail for the fiduciaries of workplace pensions. In this article I outline how the providers of workplace pensions are going about establishing value for money and looking at ways to improve things in … Continue reading

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