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Tag Archives: Government
Buying pensions with certainty need not cost the house
it’s time that the Government progressed its role as a partner in private provision, further than the tentative steps it has taken this parliamentary term. Continue reading
The shape of things to come? US class action on DC fees
Thanks to my favourite Swedish lawyer, Per Andelius for this extraordinary story. Fidelity are being taken to court by members of their DC plan for charging $355 record keeping fees per member against an underlying cost of $10. Why this matters because … Continue reading
Posted in actuaries, advice gap, Bankers, governance
Tagged Business, Class-Action, dc, dc pensions, Employment, Fidelity, Financial services, Government, pension, Pension new, pensions, Retirement, United States
2 Comments
Too big to worry about – what’s should we do about State Street?
I wrote yesterday about State Street’s £22.9m fine from the FCA for stealing $20.2m from 6 large clients. Whether this was all the money stolen or whether these were the clients who they found out about is not mentioned. We’ll … Continue reading
Posted in NEST
Tagged Business, dc pensions, Employment, Government, Insurance, NEST, pension, Scottish Widows, SSgam, State Street
1 Comment
What do you do when the lights go out?
Professional Pensions run the story of the £22.9m fine dished out to State Street who had been double charging clients for years. I had thought of custodians till recently as their name suggests as guardians of assets, not as asset strippers. … Continue reading
Posted in Bankers, governance, pensions
Tagged Banks, Business, Custodian, custody, Employment, finance, Financial services, Fraud, Government, National Employment Savings Trust, pension, pensions, Retirement, State Street, Theft
3 Comments
Employers can help staff with their money – if only we’d let them
It’s time companies got their mojo back and got real with staff. Www.pensionplaypen.com helps to do just that. Continue reading
The ABI’s 10 problems with CDC – with 10 answers!
The ABI have 10 problems with Steve Webb’s collective DC plan, articulated as follows by Huw Davies , their Director of Policy. As usual his is a constructive outcome focussed argument as you’d expect from an organisation devoted to making the lot of Britain’s … Continue reading
Posted in CDC, Change, pensions, Retirement
Tagged Business, dc pensions, DWP, Government, Insurance, pension, pensions, Steve Webb
4 Comments
Polly Toynbee’s Pension Rocket
A brilliant article quoted in full Continue reading
Let’s fix broken pensions, not start again.
The answer lies in doing things better, not doing things new Continue reading
A full frontal retreat on charges
If we are to restore public confidence in pensions, we need action not more procrastination. Continue reading
Make or break day for the pensions charge cap
“cap or no cap”, don’t expect what Steve Webb says today to be the end of the story! Continue reading
Posted in advice gap, auto-enrolment, customer service, David Pitt-Watson, dc pensions, Payroll, pension playpen, pensions
Tagged Business, Business and Economy, corporate governance, corporate risk, Defined benefit pension plan, DWP, Financial services, Government, National Employment Savings Trust, pension, Pension Poverty, Pension Regulator, pensions, Politics, Retirement, Steve Webb
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