Tag Archives: Financial services
The Transparency Zeitgeist is upon us
I am a frugal man, the £3.50 I paid for this morning’s FT was grudgingly passed to my newsagent. But I wanted to capture the headline and read about Josephine’s reporting of a meeting with my friends Andy Agethangelou and … Continue reading
Restoring Andy, David and Tom’s Confidence in Pensions
“Pensions are impossible to understand and are harming Britons’ efforts to save the right amount of cash for later life” Andy Haldane the Bank of England’s chief economist admitted last night. Since I have made it my job, as Founder of … Continue reading
Pensions Bill – read all about it
This post is taken from the DWP’s briefing notes on what we can expect. Since publication, Ros Altmann, the Pensions Minister has confirmed to the FT (and by RT to Pension Plowman and Jo Cumbo) that the measures relating to … Continue reading
Posted in pensions
Tagged Business, Employment, Financial services, National Employment Savings Trust, pension, Pension Bill, pensions, Retirement
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Governance rides a horse called transparency!
My day today is dominated by meetings about governance. I’ll be meeting organisations who want to provide benchmarks for governance, an organisation charged with overseeing the pension pots of millions of us and a regulator who kicked off the shift … Continue reading
Posted in governance, pensions
Tagged Business, Employment, Financial services, governance, pension, pensions, Retirement, Transparency, trasnparency taskforce, TTF
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Secondary annuities- more questions than answers
I’ve been asked for my views on secondary annuities. I asked myself would I trade my annuity. Of course, I wouldn’t, I wouldn’t buy one. I wouldn’t sell my state pension, I wouldn’t sell my rights to my defined … Continue reading
Posted in annuity, dc pensions, de-risking, pensions
Tagged annuity, Buing, Business, Cash, Financial services, Paul Lewis, pension, pensions, Retirement, secondary annuity, selling
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Value for money from investment consultants
In this article I’m proposing that investment consultants are subject to the same degree of scrutiny as the other service suppliers to trustees. Investment consultants should be subject to a Value for Money assessment). This morning I will be hearing … Continue reading
Research and Development in Financial Advice
The Financial Conduct Authority has published the results of its survey of firms providing financial advice. The results make for depressing reading. Of the sample, 72% of firms said that customers’ preference for personal interaction with an adviser was a … Continue reading
Posted in pensions, robo-advice
Tagged auto enrolment, Business, Business and Economy, corporate risk, FAMR, FCA, Financial services, Innovation, pensions, Retirement, robo-advice, Technology
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How IGCs help employers (and their advisers)
If you read the terms of reference or Chair reports of the IGCs (and GAAs) , it’s the “member” on whom the work is focussed and for whom the reports are written. “Member” is short-hand for policy holder as in … Continue reading
Posted in IGC, pensions, Personality
Tagged Business, customers, employers, Employment, FCA, Financial services, GAA, governance, IGC, members, pension, pensions, Retirement, TCF
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Do we need so many pension schemes?
Ireland’s pension regulator wants to cut the number of corporate retirement plans in the country from 150,000 to 100 in a move that would put pressure on pension providers and asset managers to reduce fees. So it’s reported in the … Continue reading
The Pensions Regulator’s masterplan
This is what the Pension Regulator wants to do in the next twelve month three years. Successfully implement automatic enrolment Protect consumers from poorly governed master trusts Effectively regulate defined benefit schemes Effectively regulate public service pension schemes Maintain confidence … Continue reading
Posted in pensions
Tagged Corporate Plan, Financial services, Lesley Ticombe, pension, Pensions Regulator, Retirement, TPR
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