Here's another way for a pension fund to get in the soup. https://bayourenaissanceman.blogspot.com/2026/09/the-catholic-clergy-sex-abuse-scandal.html
I had earlier today read a medical research article reporting on a Japanese study that found that “supercentenarians” — those…
The simple truth is that the pension system is very good at taking your money, and may or may not…
That is a good point about the ordinary person/voter due to being too poor to get interested in political donations.…
Tag Archives: governance
Bad practice or malpractice?
Johnson hath spoken! Michael is one of the few people who owes the financial services industry nothing. His voice is independent and trustworthy and his latest contribution to the debate on how we fund our retirement is welcome Pensions are … Continue reading
Posted in pensions
Tagged Bad practice, Business and Economy, CDC, corporate governance, corporate risk, dc pensions, DWP, Employment, Financial services, financial services industry, governance, malpractice, National Employment Savings Trust, pension, Pension new, pension playpen, Retirement, workplace Pensions
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If it’s not in the price- I’m not paying it.
All week I have been beset by those nasty little extras that add up. On Norwegian Airlines everything is extra, water, food , headsets , blankets – the duty free is more expensive than Tescos. It costs $50 to put … Continue reading
Posted in pensions
Tagged corporate governance, Cost, disclosure, governance, Transparency, Value for Money, VAT
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Advisers advise, fiduciaries govern.
I am going to New York next month to talk about risk sharing in the UK. I will be sharing my session with Simon Nelson of Eckler, a Canadian actuary and we’re comparing notes at the moment. I’d like to … Continue reading
Posted in pensions
Tagged advice, Consultant, empoloyer, Fiduciary, governance, pension, trustee
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How challenging? We are IGC
I love it when you get “Pension News” from a lawyer. The latest gem comes from Pinsent Masons, who reveal that the FCA expects Independent Governance Committees to challenge insurance companies. This is what I call a “not news” story … Continue reading
Posted in governance, pensions
Tagged Business, Business and Economy, Charlie, corporate governance, corporate risk, dc pensions, Defined benefit pension plan, Financial services, governance, I am Charlie, IGC, Insurance, National Employment Savings Trust, pensions, Retirement, Steve Webb
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Preparing the pocket to pick; a great guest blog from Ralph Frank
Multiple changes to the regulations governing the UK pensions landscape were announced in 2014. The most positive of these changes, in my opinion, related to the issues of transparency and governance. The ‘charges cap’ enjoyed the greatest prominence of … Continue reading
Posted in pensions
Tagged auto enrolment, Business, charges, DWP, Employment, governance, Human Resources, Insurance, National Employment Savings Trust, NEST, Pension new, pensions, Ralph Frank, Retirement
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It’s not pensions that are rubbish- it’s the way we picture them
I spent some time last week expressing my dis-satisfaction with the DC Governance and the irrelevance of most DC trustees. It is easy to throw stones…. What is also needed is someone to mend the greenhouse to make … Continue reading
Posted in advice gap, pensions
Tagged Adminisration, Bus, Car, Chassis, Dashboard, dc, Defined Contribution, Engine, governance, Investment, pension, Steering
7 Comments
Straight talking from the IMA on charges?
In one of the least incisive video interviews I’ve seen this year, here’s Ian Smith of Pensions Week quizzing Jonathan Lipkin- IMA Director of Public Policy Decision- on how the IMA and its members are facing up to the … Continue reading
Posted in FCA, Financial Conduct Authority, Financial Education, governance, pensions
Tagged Business, charges, costs, DC Governance, DWP, Fat-cat, FCA, Financial services, governance, Government, hidden costs, IMA, Retirement, Steve Webb
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The Pension Industry cannot serve two masters
Pensions are at a crossroads. For 30 years they have been travelling in the direction of the financial services and we could continue that direction of travel. We could turn left and go Dutch or turn right and adopt the American … Continue reading
Posted in auto-enrolment, dc pensions, NEST, pensions, Retirement
Tagged Auden, CDC, Denmark, Dutch, Founder, governance, IGC, pensions, regulation, Regulator, trustee, US, Watershed
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Tiny steps towards better DC outcomes- #CASummit14
Having spent 36 hours in the company of Life Co “strategists” and their counterparts in the IFA and EBC communities, I can now try and make sense of where “heads are at”. The mood has changed. Two years ago, the … Continue reading
Posted in advice gap, annuity, auto-enrolment, dc pensions, pensions, Retirement
Tagged Actuarial science, Business, CDC, corporate governance, dc pensions, Employment, FCA, governance, IGC, Insurance, Insurer, National Employment Savings Trust, Pension new, pension playpen, Provider, Retirement, Tiny steps, workplace pension
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This is clearly a serious story about institutional accountability, bankruptcy and the treatment of former employees. But, although the immediate…