Tag Archives: governance

Not drinking the Kool-Aid – The Virgin Money Stakeholder IGC

Remember Stakeholder Pensions? Virgin Money do! In fact Virgin were one of the great enthusiasts for Stakeholder Pensions, sadly their ambitions were never quite realised commercially but it’s good to see that Virgin continue to treat their Stakeholders fairly and … Continue reading

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Reassured? The ReAssure IGC is working for you!

Many financial institutions harboured hopes of becoming workplace  pension providers only to fall by the wayside, close their doors and pull up the drawbridge on new business. The personal pension policyholders were not transferred to be looked after by progressive organisations … Continue reading

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How can IGCs engage people with their pensions?

There are three measures by which I am judging the IGC Chair reports Do they speak with a proper tone of voice Do they show themselves effective in dealing with the provider they are governing Have they properly addressed whether … Continue reading

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Short but not that sweet – Fidelity’s IGC report

    Fidelity has in Kim Nash, the only female Chair of an IGC, infact two out or three of the IGC’s independent members are woman (Rachel Brougham of BESTrustees being the other). If awards were given for brevity and … Continue reading

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Aegon’s ICC – treating the customer seriously.

I like Aegon’s IGC Chair report, delivered by top trustee Ian Pittaway. It’s not easy to find and though the report makes numerous references to its readers being its policyholders, I have no idea how a policyholder would stumble across … Continue reading

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“Say hello- say goodbye” – the Friends Life IGC

Having spent 7 pages introducing itself and setting out its stall, the Friends Life IGC Chair Statement concludes, 7 pages later; It’s a case of say hello say, say goodbye and I’m afraid that the 7 pages which deal with … Continue reading

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Phoenix and its heroic IGC

Not a job for the boys Of all the duff jobs out there, being Chair of the Phoenix IGC must rank high in the pantheon. Phoenix is a shell company that over the years has acquired a number of life … Continue reading

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Standard Life’s IGC’s annual report; deceptively good!

The Standard Life Independent Governance Committee’s Chair, Rene Poisson, published his first annual report yesterday, you can read it here either in summary or in its full 40 pages. Most will read the summary but for those interested in product … Continue reading

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Royal London’s IGC kicks off reporting

Royal London’s IGC yesterday became the first to report on its activities in the past 12 months. The report is 9 pages long , is readable and contains some substantive improvements which the IGC has negotiated with Royal London to … Continue reading

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Fanning the faint flame for better workplace pensions

Over the next few weeks, Britain’s various IGCs (and baby IGCs) will be reporting on the state of the insurers and the non-insured SIPP providers from an independent viewpoint. I have berated some of  the IGC Chairs for being confused … Continue reading

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