Tag Archives: FCA

For workplace pensions value for money means……..

    One of the questions in the FCA’s consultation on value for money is whether its definition is ok or whether we can find a better one. This is our definition Pension value for money’s measured by the amount … Continue reading

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The FCA promote a secondary market in workplace pensions

It’s an obscure section of a paper that will probably be read by a relatively few people expert in pensions. If I hadn’t published it this morning it might have been overlooked as it is buried deep in the cost … Continue reading

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Transferring pots is a matter for the FCA and not MAPS

BREAKING: Stephen Timms, the work & pensions select committee chair, is to push for DB schemes to be able to pause transfers to reduce the risk of savers being hit by scams. Mr Timms plans to table an ammendment to … Continue reading

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The FCA’s new approach to Pension Value for Money

The Backstory Back in 2014, with the excoriating OFT report fresh to mind, the FCA made a deal with the insurers not to refer the insurers to the Competition and Markets Authority in return for those insurers operating workplace pensions … Continue reading

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How to Find Good Financial Advice

This article is by Paul Lewis and it is a very important reminder to us , not just of the need for financial advice, but to find good advice How do I find a good financial adviser? It’s a question … Continue reading

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From PS20-06 to the dashboard; – can the FCA pull it off?

  Amidst the noise of the ban on contingent charging, the FCA published a long and detailed Policy Statement PS20-06 For the most part, the FCA is concerned with people safeguarding their rights to promised benefits wherever they may come … Continue reading

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A dashboard of everything?

Is the Pandemic- a regulatory challenge or opportunity? More than 30 consumer protection measures in the UK have been put on hold since COVID outbreak. Regulators need to guard against lobbying to make these interim measures permanent. https://t.co/5lbFgbVXYF — Josephine … Continue reading

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Pension Plowman’s guide to 2020 IGC reports

This is a big year for IGCs. It is their fifth birthday, it’s the year when the FCA reviews their effectiveness and it’s the year of the pandemic, where providers and savers will be under maximum strain. Most of the … Continue reading

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Is Fidelity’s IGC papering over the cracks?

Kim Nash and Anna Bradley are the only female IGC Chairs.  Kim’s not only IGC chair at Fidelity, she’s chair of the master trust. She’s not only chair of the Fidelity master trust , but chair of the Scottish Widows … Continue reading

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Phoenix – an IGC that continues to set standards with another good report

Phoenix IGC has published its 2019-20 Chair Statement.  To me this is a most important statement as Phoenix is responsible for administering the savings of most of Britain’s “legacy savings”. Although most of these legacy books don’t have much in … Continue reading

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