Tag Archives: IGC

Time for the FCA to review its DC lifestyle guidance ?

Thanks to James Farr of Aviva for helping me out with the FCA’s most recent pronouncements on pension lifestyling. James and I worked together at Zurich some 20 years ago and it’s great to know compliance experts at a time … Continue reading

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

“How do we tell the children?” Our awkward problem over lifestyle.

  For the purpose of this article – I will refer to some savers as our “children“, those under our care who have suffered loss while sleeping. They are the unwitting victims in the collapse in bond markets , including … Continue reading

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

Assessment of 2021 IGC reports – a boring read but an important one!

Despite the efforts of the FCA to make IGC reporting more relevant to ordinary savers, I found this crop of IGC reports were bland and unambitious in their reporting of VFM. No IGC suggested that  value for money was not … Continue reading

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

ReAssure’s IGC report – proves there can be value at the bottom of the barrel.

This article focusses on the IGC Chair’s report for ReAssure, published in September for the year to the end of 2021. As its Chair, David Hare makes clear, it doesn’t include the member experience for 2022, that will follow – … Continue reading

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

Phoenix IGC – making sense of legacy pensions.

Phoenix has published its 2022 IGC statement for the period up to 31st December 2021, along with reports for Standard Life and ReAssure , it is one of three statements from the Chair of all three – David Hare. As … Continue reading

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

Fidelity’s IGC – focussing on what matters to pension savers

  Tone and style I’ve waited a long time to say it , but Fidelity’s 2021/2 IGC report is a corker. I thought it would be even before I read it when I saw what the IGCs priorities were for … Continue reading

Posted in pensions | Tagged , , | Leave a comment

Standard Life’s IGC report – too long , too angry and wrong!

Standard Life has produced a bumper 162 age IGC report – a kind of shock and awe statement from David Hare – which is issues together with IGC reports for other Phoenix insurers – Phoenix  and ReAssure. They get 100 … Continue reading

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

Royal London’s IGC – dour, impenetrable but effective

  Royal London’s IGC report for 2021 is a rather dour affair, in contrast to others. Its sombre colour scheme is complimented by a formal style of delivery with an emphasis on good governance rather than member engagement. Even the … Continue reading

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

Aviva’s IGC Statement’s fierce battle to stay relevant.

A report whose relevance is challenged Aviva published its 2022 IGC report in September. As the picture says, it deals with the performance of Aviva’s pension savings products to the end of 2021 but does not cover the impact of … Continue reading

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

IGC reports? Please send send them to me!

  Each year I report on the activities of Independent Governance Committees and their little sisters the Governance Advisory Arrangements. IGCs and GAAs are in place to keep  the providers of contract based pension saving schemes honest. They are well … Continue reading

Posted in pensions | Tagged , , | Leave a comment