Tag Archives: FCA
The high price we are paying for pension fraud
This blog is about a discussion in parliament about cleaning up a legacy of pension scams and a discussion in the popular press about how legislation designed to stop those scams is leading to popular discontent. This morning, we continue … Continue reading
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Tagged FCA, Financial services, pension, pension playpen, Pensions, Retirement, TPR, workplace Pensions
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IFAs are right to be worried
The FCA has written to the top 20 “national” firms with a questionnaire that probes what percentage of their clients are actually getting an annual review (and how many of them are paying for a service they aren’t using). Membership … Continue reading
Is TPR really not fit for (consumer) duty?
It’s a question that’s been asked at several Pension PlayPen sessions and now I see an adviser calling for TPR to be wound up as not fit for duty Adviser argues for TPR/FCA merger after Consumer Duty ‘failure’ Karen … Continue reading
Who’s on the hook for “targeted support” of unspent pension pots?
On Friday, the FCA published the drily titled DP23/5: Advice Guidance Boundary Review – proposals for closing the advice gap Most of the attention will be on its proposal to introduce simple advice which can be charged for from a … Continue reading
“Not my Government” – discontent over pension policy meltdown
The consensus from people I have spoken to , following the King’s Speech is that the Government we have today has lost its legitimacy and is increasingly looking like a marketing tool for the Conservative party at the next general … Continue reading
The state of private equity and what it means for pensions
🇬🇧 Private Equity Offers Discount Fees As Dealmaking Drought Deters Investors ▫Sweeteners aimed at big backers ▫Cut-throat competition for cash ▫Industry fortunes face reversal ▫@william_louch @JosephineCumbo 🇬🇧#frontpagestoday #UK @FinancialTimes pic.twitter.com/sjXBfUpjIg — 𝙵𝚛𝚘𝚗𝚝 𝙿𝚊𝚐𝚎𝚜 𝚃𝚘𝚍𝚊𝚢 📰 (@ukpapers) August 8, 2023 I … Continue reading
The VFM Framework – not perfect but now fit for purpose.
At the back of DWP’s VFM outcome paper, is its new definition of value for money Our definition of ‘Value for Money’ is that savers’ contributions are being well invested and their savings are not being eroded by high costs … Continue reading
The trouble with trustees ( DWP and HMT get “constructively tough”)
The wildest of all the consultations and calls for evidence issued today (July 11) is undoubtedly the call for evidence on trustee skills, capability and culture. The following blog is written in a spirit of “constructive toughness” (see below). The … Continue reading
Scorched earth pricing could leave DC master trusts infertile
A new threat to Government plans to upgrade DC pension plans through investment in productive finance has emerged. Hymans Robertson has proposed a “10-10 and 10” strategy to get our pensions working as hard as we do. “If you are … Continue reading