Tag Archives: IA

Britain leading the way (at last)


The balance of regulatory geo-politics has changed (did I really write that!) I guess most baby boomers like me grew up thinking that (at least in matters financial), Britain could look to America for progressive policy and practice. This is no … Continue reading

Posted in advice gap, Big Government, customer service, pensions | Tagged , , , , , , , , | 3 Comments

A make or break week for UK investors


Are fund managers the new bankers? If you’ve read the excellent  (draft) FCA Asset Management Market Study, you’d be forgiven to think they were – (and that investment consultants were their knowing flunkies). The question now is how far the FCA … Continue reading

Posted in advice gap, consultant, corporate governance, pensions | Tagged , , , , , , , | Leave a comment

Cost disclosure now! No more workplace pension NDAs!


Following Julius Pursaill’s excellent piece on value for money yesterday, I’m following up with some practical thoughts. The blog yesterday triggered a meeting with an IGC chair who probed me on the vfm scoring system that has been troubling me … Continue reading

Posted in pensions | Tagged , , , , , , , | Leave a comment

Fund cost disclosure, arrived on Friday – and it’s here to stay. L&G IGC report- 2017


We are now well in to the IGC reporting season, where Independent Governance Committees tell us how well the insurers they oversee are behaving. I had had low expectations going into this round, 11 of the key insurers had spent … Continue reading

Posted in pensions | Tagged , , , , , | 2 Comments

Alan Miller on price clustering among asset managers.


We recently published new research, backing up the recent FCA Asset Management Study findings regarding price clustering (i.e. cartel like pricing) within the UK fund management industry. SCM Direct analysed the non-index or tracker clean share classes of 683 funds … Continue reading

Posted in pensions | Tagged , , , , , , | Leave a comment

Miller time! A crunching analysis of the FCA’s Asset Management Study.


  Asset managers and investment advisers stand accused of complicity in lining their pockets at the expense of unwary and helpless investors. One asset manager (now an adviser) who has never stood by and has always shouted for truth and … Continue reading

Posted in advice gap, pensions | Tagged , , , , , , | Leave a comment

“Transaction cost disclosure in Workplace Pensions” – #FCA


  Most people now have a DC workplace pension and if you haven’t got one you’re either very lucky (as you’re accruing a defined benefit) or one of the 6m marginal employees who are reckoned to be “entitled”, “non-eligible” or … Continue reading

Posted in pensions | Tagged , , , , , , | Leave a comment

Where next for pensions transparency?


As illegal drugs to your health so hidden charges to your finances Imagine that you were tasked to prevent drugs coming into this country. Would you ask the driver if he had drugs in his vehicle and wave him through … Continue reading

Posted in pensions | Tagged , , , , , , , , , | 1 Comment

Midsummer Madness as £3.5bn’s lost to real assets!


The Investment Association reported yesterday that jerks kneed £3,500,000,000 out of funds in June – “clearly Brexit has been unsettling, with property and equity funds particularly affected” – the report opined. Well £2.8bn was lost from equity funds and £1.4bn … Continue reading

Posted in pensions | Tagged , , , , , , , , | 4 Comments

Playing the personality card


Of all the financial myths that remain unchallenged, the myth of personality is least challenged and most lethal. For it allows the congregation of expert panels/committees/boards – stuffed with perceived “personality” to validate all manner of iniquities. For those personalities … Continue reading

Posted in pensions | Tagged , , , , , , , , , , , , , | 3 Comments