Tag Archives: IGC

Over-consulting ; not a victimless crime!


I was “distressed” to read of a new way of extracting fees from the sponsors of DC pensions, the value for money review/assessment. http://tinyurl.com/ju4ppnp Ok – I wasn’t distressed – I was cross! Value for Money is not as complicated … Continue reading

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Half a million savers let down by those they trust!


I am (once again) grateful to Jo Cumbo of the FT for her excellent reporting. Here is her summary of the latest state of the nation report on the progress of IGCs and Trustee Chairs overseeing our workplace pensions. You … Continue reading

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Workplace pensions – what really matters.


For the past few years I have provided data and qualitative judgement to NMG, a company that researches insurance companies and the service they provide intermediaries. The information NMG has asked of me has been about my perception of those … Continue reading

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The IGCs must not slip into the pocket of their provider


I hear worrying reports of various IGCs meeting and pronouncing their tasks “too hard”. Phrases such as “I don’t know how this would play with my provider” have no place in an IGC’s lexicon but they are reported as littering these … Continue reading

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“Blindsided!”-investment consultants caught by FCA’s rabbit punch


Nobody saw it coming. I went to a conference of investment consultants earlier in the month, the FCA’s Market Review was not on the agenda of any of the day’s sessions. But the FCA’s proposal to make a MARKET INVESTIGATION REFERENCE … Continue reading

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Power to the people (now we’re taking the risk).


  If the People’s Pension , is really the people’s pension, why aren’t the people who are members being told what they are paying for membership? For some months, I have been saying privately to the management and Trustees of … Continue reading

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“Cash for kite marks?”- we should stick to “value for money”.


  At the end of the Pension Minister’s rambling confession at the PLSA’s conference yesterday , he was called to dish out awards to the three occupational scheme which had got the PLSA’s new “Retirement Quality Mark”. The three were … Continue reading

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Long live their IGC – well done L&G!


Yesterday I wrote about going to the L&G  IGC Forum. It was one of three great events I went to (the other was a meeting at the FCA to discuss outcomes of pension savings and the third an inspiring meeting … Continue reading

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It’s the L&G IGC forum – I’m not going for tea and biscuits.


L&G have championed the idea of the Independent Governance Committee. Before they were a twinkle in the FCA’s eye, L&G had got going and today is the third forum for members of their workplace pension plans. I haven’t been before … Continue reading

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Floundering in the dark – the PP DC Conference


De profundis It was a beautiful day and it was a great hotel. But I left the Professional Pensions Defined Contribution Conference profoundly depressed. Perhaps I needed  lux in tenebris (see the progress that is being made elsewhere). The problems created … Continue reading

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