Tag Archives: IGC

Bench marking will challenge IGCs and raise their game!

Posted on July 8, 2020 by

This blog is a follow up to my piece which asks whether the FCA has let the IGCs off with impunity. The FCA has chosen not to publicly humiliate failing IGCs but to give them clear guidance for  the future. … Continue reading →

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Have IGC’s let savers down with impunity?

Posted on July 8, 2020 by

When it all began Back in 2015 , when the IGC chairs first met, I wrote a blog critical of IGC Chairs and their advisers who seemed to be publicly questioning the purpose behind Independent Governance Committees. You can read … Continue reading →

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For workplace pensions value for money means……..

Posted on June 29, 2020 by

    One of the questions in the FCA’s consultation on value for money is whether its definition is ok or whether we can find a better one. This is our definition Pension value for money’s measured by the amount … Continue reading →

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The FCA’s new approach to Pension Value for Money

Posted on June 25, 2020 by

The Backstory Back in 2014, with the excoriating OFT report fresh to mind, the FCA made a deal with the insurers not to refer the insurers to the Competition and Markets Authority in return for those insurers operating workplace pensions … Continue reading →

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Judging your workplace pension (by saver outcomes)

Posted on April 29, 2020 by

Defaqto has produced an important piece of work for financial advisers wanting to help employers get to know their workplace pension. You can access it via this link (there is a little signing up to do to get there) As … Continue reading →

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Prudential IGC reports a notable victory for savers.

Posted on April 28, 2020 by

2019/20 – a battle won Prudential’s is the last IGC to publish its Chair report this year and I suspect the report we get is rather different than the report planned earlier in the year. Chair Lawrence Churchill tells us … Continue reading →

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Aviva’s IGC – more effective than its report suggests

Posted on April 25, 2020 by

Aviva’s IGC has turned up and you can preview it here (it launches properly Monday) It’s available as  a PDF  you can download here or you can read a digital version Having read both, I’d suggest that the PDF works … Continue reading →

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ReAssure’s IGC report

Posted on April 18, 2020 by

ReAssure, after a short delay, have published their 2019/20 IGC report which you can read here It’s a betwixt and between document as at the time of publication, ReAssure is in the process of being acquired by Phoenix and in … Continue reading →

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Pension Plowman’s guide to 2020 IGC reports

Posted on April 12, 2020 by

This is a big year for IGCs. It is their fifth birthday, it’s the year when the FCA reviews their effectiveness and it’s the year of the pandemic, where providers and savers will be under maximum strain. Most of the … Continue reading →

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From an empty chair; Hargreaves Lansdown’s excellent IGC statement.

Posted on April 12, 2020 by

  A cautionary tale It has been a difficult year for Hargreaves Lansdown’s IGC and they have launched their Chair’s statement without a Chair. This unusual state of affair followed the departure of David Grimes with clearly no succession plan … Continue reading →

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