Tag Archives: IGC

L&G; a smooth operator with an open IGC


For an Independent Governance Committee to work, there must be a means for it to interact with its membership in a meaningful way. L&G – uniquely to my knowledge – offer policyholders of their workplace pension the opportunity to come to … Continue reading

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With value for money – figures speak louder than words.


The pen may be mightier than the sword but the spreadsheet trumps both. Last week, JLT published some projections which showed that if the performance differential between lousy and top pension providers continued – you’d be able to buy a … Continue reading

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The world of the inactive investor


  Of all my amateur enthusiasms, my interest in how to invest my money is perhaps the silliest. The economist’s hat sits ill upon my head, my capacity to second guess market trends is zero. So I’m always pleased to … Continue reading

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Why employers must understand the value for money of their workplace pension


  Among the remedies leading from the FCA’s Asset Management Market Study was a clear recommendation …that both industry and investor representatives agree a standardised template of costs and charges and we propose to ask an independent person to convene … Continue reading

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The time is right for pension price disclosure.


Last week I went to the FCA to discuss price disclosure with the Regulator. The time is right for people to understand what they pay to have their pension managed. I am one of the few people who gets information on … Continue reading

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Equal rights to govern pensions


Here’s Theresa May talking at PMQ of the triple lock in the past tense. It wasn’t just a female prime minister in that photo, four out of five ministers on the front bench were female. Parliament is making the transition … Continue reading

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Winning and losing IGCs – class of 2017!


With (almost) all the known IGC reports in, it’s time to see how the reports of 2017 stacked up against 2016. Apologies that the links in the table don’t work, my formatting skills are poor and I’ve included the links … Continue reading

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Telford’s finest – the ReAssure 2017 IGC report


What UK Life insurer is based in Telford Shropshire? Answer – ReAssure And if you were in a workplace pension with Guardian, HSBC, Barclays Life, Alico and National Mutual, you are now one of their customers. They are the kind of pensions … Continue reading

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The BlackRock IGC outsources to KPMG


I’ve been waiting to review BlackRock’s IGC chair statements for a couple of weeks but all I could see was a link to a report marked “April 2016”. I carelessly pressed the link this morning to find a report marked April 2017.  … Continue reading

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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

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