Tag Archives: GAA

The SJP’s GAA report comes up short

Posted on July 30, 2021 by henry tapper

  This is how the SJP Governance Advisory Arrangement measures the value for money offered by SJP’s workplace pension schemes. Behind this analysis is a statement from the GAA Chair The GAA believes that value for money is subjective and … Continue reading →

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Can we get the IGCs and FCA back on the same track?

Posted on June 9, 2021 by henry tapper

  The FCA’s relationship with workplace pension providers for whom they have oversight (e.g. the providers of group personal pensions and group SIPPs) has clearly deteriorated over the past 15 months, as has its relationship with their Independent Governance Committees … Continue reading →

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Have IGC’s let savers down with impunity?

Posted on July 8, 2020 by henry tapper

When it all began Back in 2015 , when the IGC chairs first met, I wrote a blog critical of IGC Chairs and their advisers who seemed to be publicly questioning the purpose behind Independent Governance Committees. You can read … Continue reading →

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The FCA’s new approach to Pension Value for Money

Posted on June 25, 2020 by henry tapper

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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Who will patrol the investment pathways?

Posted on March 3, 2020 by henry tapper

  Investment pathways are the big idea to help those getting to 55 and with pension freedom in sight. From August, people will be presented with four paths for their money. One takes them to a point when they can … Continue reading →

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IGC reports 2019; what should we be looking for?

Posted on March 29, 2019 by henry tapper

    For those who don’t follow this blog, I’ve been reviewing IGC reports since 2015/16 and intend to do so again this year. There is very little accountability on the IGCs. Though IGCs were set up to put right … Continue reading →

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FCA to tame the drawdown bucking bronco!

Posted on January 29, 2019 by henry tapper

  Yesterday was a good news day for people concerned about retirement income. The FCA made two meaningful statements on what it intends to do to help ordinary people trying to manage their in retirement finances. The first was the … Continue reading →

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Did the 2018 IGC reports meet today’s challenges? Only in part.

Posted on May 2, 2018 by henry tapper

    The table above reports on the various ratings given to IGC reports in 2018, it includes the GAA report of St James Place that is good enough to be an IGC report. I said, when I set out … Continue reading →

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SJPEXIT and its implications.

Posted on April 29, 2018 by henry tapper

Reading Colin Richardson’s excellent Governance Advisory Arrangement (GAA) report on SJP, I realised just how tough it is for anyone who doesn’t work for St James Place to take any sort of decision on an SJP Pension. Here – for … Continue reading →

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SJP policyholders deserve an IGC. They have a great GAA – but that’s not enough!

Posted on April 28, 2018 by henry tapper

St James Place is one of Britain’s largest financial institutions, it is a FTSE 100 company with 2017 revenues of over £9bn. It is therefore surprising that its exposure to workplace pensions is so limited that it does not need … Continue reading →

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