Tag Archives: IGC

Time for workplace pensions to raise their game! Invest responsibly or lose our trust!


Here are some sad truths about the way that auto-enrolment workplace pension providers manage your money. Recent research by Ignite UK suggests that we expect fund managers to manage responsibly. If this is the case, people are not having their … Continue reading

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

Who owns “value for money”?


  News from the stalwart Bob Ward that the FCA has dropped the term “value for money” came as a bombshell to participants in yesterday’s Pension Play Pen lunch. Since it’s about the only term left in the financial services … Continue reading

Posted in auto-enrolment, pensions | Tagged , , , , , , | 1 Comment

How we get our pension pots invested responsibly.


Victoria Derbyshire’s father taught her when she made contributed to a pension, she wasn’t saving but “spending on her retirement”. The distinction is helpful in differentiating a risk-driven action- “saving” from one that promises deferred gratification- “spending”. For most people … Continue reading

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

True Potential’s “lost” 2017 IGC report


  The True Potential 2018 IGC report is late; just as the True Potential (TP) 2017 IC report was late. The 2017 report never got reviewed by me, I had assumed that TP had packed it in. Bob Ward’s sent me … Continue reading

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

Did the 2018 IGC reports meet today’s challenges? Only in part.


    The table above reports on the various ratings given to IGC reports in 2018, it includes the GAA report of St James Place that is good enough to be an IGC report. I said, when I set out … Continue reading

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

Hargreaves Lansdown’s IGC as pretty and effective as a chocolate teapot!


    In 2015, David Grimes and the Hargreaves Lansdown IGC, delivered what remains the worst IGC report I have ever reviewed. Things improved considerably in 2016 but the IGC has not kicked on and I find the 2017 report … Continue reading

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

SJP policyholders deserve an IGC. They have a great GAA – but that’s not enough!


St James Place is one of Britain’s largest financial institutions, it is a FTSE 100 company with 2017 revenues of over £9bn. It is therefore surprising that its exposure to workplace pensions is so limited that it does not need … Continue reading

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

“Financial Home for the over 50s”


Well that’s what Oliver Wyman is telling insurers with workplace pension books to aspire to be. I haven’t seen this phrase in any IGC report but it does it for me. I well remember meetings when I was at Zurich … Continue reading

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

IGC Class of 2018 – the results are in – this is how your Chair Report stacks up.


    So  here are my ratings for the principal IGC reports that I can find. There may be more reports skulking out there and I’ll be adding them if they get reported to me! As you can see, they … Continue reading

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

The Virgin Money IGC has had enough.


For the first time in three years of reviewing IGC Chair Reports, I sensed an IGC that has had enough. Sir David Chapman’s third report concludes that the Virgin Stakeholder Pension is providing “Fair” value for money. But in the … Continue reading

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