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
Why we have no time for “Banker Immunity”.
We have not seen bankers marched in handcuffs from their desks but now it seems we might. The regulators have put-out a consultation paper that seeks to pin accountability on Directors (including non-executive Directors). A good friend of mine … Continue reading
Posted in Bankers, Fiduciary Management, Financial Conduct Authority
Tagged Bankers, Bonus, Business, Business and Economy, corporate risk, Crime, Employment, FCA, Financial services, Financial Services Authority, governance, London, Non-Executive, PRA, Prison, regulation, Treasury, United States
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It’s all down to the management –
I’m watching the rain-soaked start of the Japanese Grand-Prix in Suzuka and marvelling at the organisation of a formula one team. What will get your driver first past the chequered flag. Engine- tyre management -DRS- Driver – race … Continue reading
“Value for money” key to DC Governance say FCA.
The FCA published yesterday an important consultation (CPA14/16) proposing rules for independent governance committees (IGCs). The introduction of IGCs was agreed by the ABI as part of a deal with the Office of Fair Trading that fended off insurers being referred to a more serious investigation. The main … Continue reading
Posted in accountants, advice gap, dc pensions, FCA
Tagged dc, DC Governance, FCA, governance
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The new Mastertrust Assurance Framework (MAF)
Amidst the deluge of new consultations, the joint consultation on the Mastertrust Governance has been pretty well lost to sight. Published last week it can be found here. It’s the work of a group of accountants (organised by the ICAEW) … Continue reading
Posted in accountants, advice gap, pensions
Tagged Auditor, Business, Employment, Financial services, Good governance, governance, Government, MAF, Mastertrust, MAstertrust Assurance Framework, National Employment Savings Trust, NEST, pension, pensions, Practitioner, Public Sector Pensions, Retirement
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Will some employers need their own IGCs?
This blog’s for any employer or adviser with an existing workplace pension scheme (GPP or Stakeholder Pension), where you chose the funds offered to your staff. I asked a question of the Pensions Regulator this week. He’d put … Continue reading
I want my, I want my, I want my IGC…
We need our IGCs and we need them soon! Continue reading
Posted in annuity, governance, investment, pension playpen, pensions, redington, Retirement
Tagged annuity, Business, corporate governance, Financial services, governance, Government
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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
Wacky races, corporate governance and Mr Hayward’s boat.
“Brand”,opined my former CEO, “is what we aspire to be, or at least to be seen as being”. I guess this is the actuarial equivalent of “corporate identity” which is the accounting version and refers to what you actually are. Continue reading
This is clearly a serious story about institutional accountability, bankruptcy and the treatment of former employees. But, although the immediate…