Tag Archives: IGC

Can pension ratings be “too simple”?

  To my mind , the only meaningful way that someone using a workplace or personal pension can test for value for money is by comparing the money they put in with the value they get out. This is known … Continue reading

Posted in advice gap, age wage, pensions | Tagged , , , , , , | 3 Comments

From zero to hero – the Hargreaves Lansdown IGC report

Hargreaves Lansdown’s (HL) 2015 -16 IGC report was embarrassingly bad. I got cross that a successful funds platform didn’t put its back into independent governance. Hargreaves’ Vantage product (now HL Workplace Pension)  was at the time being widely promoted as … Continue reading

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

ReAssuring us through its IGC?

A word on padding The first thing you notice about the ReAssure IGC report is stock images. Page one and two are entirely devoted to them, page three and four have one, page five has five and page six is … Continue reading

Posted in governance, IGC, pensions | Tagged , , , , , | 2 Comments

Virgin Money’s stakeholder is in special measures – put the IGC in charge.

Sid Vicious didn’t last long at Virgin when the Sex Pistols flirted with the record label. His relationship was as stormy as the Virgin Money’s IGC is with Virgin Money. Things are vicious once again , even if the Pistols … Continue reading

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

Zurich’s IGC – keeping Zurich honest.

Zurich ‘s IGC Chair’s statement is out ; it’s punchy. It’s chair, Anna Bradley has a much wider sphere of influence than just pensions and it shows. This is from her opening remarks …you have told us that service standards … Continue reading

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

Royal London IGC – the regal treatment!

  The 2019 IGC report – a good read I haven’t given much thought to IGC production values, but they’re the first thing you notice when you scroll through the Royal London IGC report. Someone has spent some time and money … Continue reading

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

Scottish Widows IGC report – a most interesting read.

The Scottish Widows 2019 IGC report has been published and is available here In the past few years, Scottish Widows has moved from a quiet backwater in the tidal flow of Lloyds Banking Group to very much centre stream. I … Continue reading

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

Phoenix IGC report – “we’re here solely for you”

The Phoenix IGC has had a good year and its 40 page report shows how a well chaired, well funded IGC can produce a document that is both authoritative and readable. Congratulations to its chair – David Hare – who … Continue reading

Posted in age wage, IGC, pensions | Tagged , , , , , | 1 Comment

IGC reports 2019; what should we be looking for?

    For those who don’t follow this blog, I’ve been reviewing IGC reports since 2015/16 and intend to do so again this year. There is very little accountability on the IGCs. Though IGCs were set up to put right … Continue reading

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

How do we use our IGCs?

My key words in the title are “we” and “our”. The Independent Governance Committee’s set up as a result of the failings in contact-based workplace pensions identified by the OFT, are for us – the consumer. They were not set … Continue reading

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