Tag Archives: Financial Services Authority
Exploring the cost of ownership – Guest blog from Dr Chris Sier
Introduction The pension fund value chain is overly complex, costly and completely opaque to the end consumer. The Kay Review of UK Equity Markets and Long-term Decision-making (2013) highlighted this. In fact, the total cost of owning (TCO) a pension … Continue reading
From old to new – minimising disruption from pension reform
This post puts forward a new paradigm for 2014 , based on adjustments to the 2013 mindset. My assumptions are;- We are about to enter a new world where trail commission, active member discounts and higher cost investment defaults play no … Continue reading
King Canute got governance about right!
If we are to become as effective in the management of our pension funds as our German and Dutch cousins, we are going to have learn the lessons of Canute and concentrate our governance though centralised channels focussing on things we can do something about. Continue reading
Posted in advice gap, annuity, auto-enrolment, David Pitt-Watson, dc pensions, defined aspiration, FSA
Tagged canute, corporate governance, corporate risk, dc pensions, de-risking, Defined benefit pension plan, DWP, Employment, Financial services, Financial Services Authority, Government, Human Resources, Pension new
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Would you take your chance on a mastertrust?
It’s called proper choice and I’m all for GPPs and mastertrusts squaring up to each other and having the argument Continue reading
Posted in actuaries, auto-enrolment, brand, governance, pensions, Retirement
Tagged Aviva, Bus, Financial Services Authority, Grand National, Leyton, linkedin, Liverpool Street station, Paul Bannister
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Because it’s an ISA doesn’t make it a bargain.
Consumers are savvy, they understand supply chains and will chose the short ones as the route to sustainable value. Continue reading
No win no fee – one way to clean up asset management
I met yesterday with a Swiss firm whose business is to reduce the investment costs for large investors (typically with €500m +). The model is simple, no retainer – they receive 50% of the savings from their work. They are a … Continue reading
Posted in Bankers, Change, corporate governance, David Pitt-Watson, dc pensions, de-risking, Fred Goodwin, FSA, Management, napf, pension playpen, pensions, RBS, redington, Retirement, twitter
Tagged Asset management, Business, Financial Services Authority, Funds, Investing, Investment management, Securities lending, Switzerland
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Is this what your savings are paying for?
We have another Twickenham home international coming up, look out for your favourite analyst , he’ll be in one of the glass-fronted boxes . Continue reading
Posted in Bankers, FSA, Twickenham
Tagged Asset, Chief executive officer, Extel, Financial Services Authority, Financial Times, FSA, Investment management, Thomson Reuters
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It’s a wrap trap – but who’s been caught?
If you thought you were sick of pensions, imagine the nausea of the life company CEO. If you are such a beast and reading this, you are probably are American or European and your company brought into the UK a few years back … Continue reading
DC Trustees – asleep at the wheel?
I was spending insomniac hours reading posts about savings on http://www.moneysavingexpert.com when I came upon a thread about the ABI 14 agreeing to disclose transactional costs from next summer. There wasn’t much on the comments board – one post stood out. … Continue reading
Posted in actuaries, corporate governance, David Pitt-Watson, dc pensions, First Actuarial, Management, NEST, pension playpen, pensions, Personal Accounts
Tagged Active management, Financial Services Authority, FSA, National Employment Savings Trust, NEST, pension, Pension fund, Terry Smith
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The dam is full – manage the sluices
It can’t be much fun at the ABI these days. The FSA are investigating mis-pricing of annuities, the OFT are studying the distribution insurers use for pensions and just about every consumerist from Gregg McClymont to the NAPF are calling … Continue reading