Tag Archives: IGC

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

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The IGCs are now in a tight corner – is this fair?

Normally at this time of the year I would be reading IGC reports and commenting on them. In future reports will be published by the end of September and will be considerably more challenging for IGCs to produce. In this … Continue reading

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IGCs duties to savers are clear, their duties to spenders aren’t.

The latest statement of intent by the FCA to improve value for money in workplace pensions arrived yesterday as Policy Statement  21/12.  This is not a discussion paper but new rules which came into force yesterday and the not so … Continue reading

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Pension Administrators need better benchmarks than each other!

Strong words, Henry. Pensions administration is the toughest gig in the industry – bar none. Let’s ensure we criticise “the industry” not “the individuals”. They are faced with a Herculean task. Clients and consultancies should invest more in these #pensions … Continue reading

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The 2021 IGC reports – links, reviews and ratings

I’ve completed my review of the 2020 IGCs and GAAs – 15 reviews of the reports I know of. It you run an IGC or GAA that I’ve missed, please send me your report. I doubt many IGCs have met … Continue reading

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Reassured by its IGC?

The Reassure IGC report Life at ReAssure is complicated, so complicated that we have to learn there are two different ReAssures; ReAssure Ltd. manages legacy books (now branded “heritage books”), while ReAssure Life Ltd – which you probably know as … Continue reading

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Phoenix Life’s IGC runs out of steam

  Phoenix’s 2021 IGC report The Phoenix Group has not one, not two but three IGCs in operation. I have already reported on the IGC report for Standard Life and will also report on ReAssure’s IGC report. It’s easy to … Continue reading

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Zurich’s IGC bows out

With only 60,000 policies to look after, Zurich has decided to disband its IGC and replace it with a less ambitious governance arrangement. Commercially this is sensible – an IGC doesn’t come cheap and a GAA comes a lot cheaper. … Continue reading

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The Prudential’s IGC – put to the test.

I have enjoyed Laurence Churchill’s five reports for the Prudential IGC and I’ve enjoyed Bruce Rigby’s first one. My respect for the reports has been based on the IGC’s focus on what matters. The IGC’s current approach to VfM takes … Continue reading

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Aviva’s IGC report with a smile

The Aviva 2021 IGC report is an accomplished document that sets standards in certain areas. It is the first IGC document I have read that excited me about ESG and its analysis of the provider’s investment pathway proposition is also … Continue reading

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