Tag Archives: IGC

“What do people want?” – a question for IGCs

  The saddest statement I heard last year was from an adviser who told a room “we have given up reporting on outcomes, outcomes always disappoint”. It is not just IFA’s who don’t like to report on the outcomes of … Continue reading

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Why the FCA cares about IGCs

New powers for IGCs Slipped into the wash-up of consultation responses and Calls for Input published in the last full business week of 2019 was the FCA’s PS19/30 which substantially extends the role of IGCs IGCs currently provide independent oversight … Continue reading

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The FCA move on insurance company funds.

  The FCA have produced some important findings on Unit Linked Fund Governance as a follow up to their Asset Management Market Study (PS18/8) – AKA – AMMS This paper is important as it goes to the heart of the … Continue reading

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The DC Trust – a pension appendix

The appendix Nobody knows exactly why we have an appendix, but removing it isn’t harmful. Appendicitis typically starts with a pain in the middle of your tummy (abdomen) that may come and go. (NHS inform). I feel much the same about … Continue reading

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The value you get for your pension money

Independent help for all pension savers I started yesterday in the swanky new film studio under the FT’s Bracken House. It had to be built on stilts and sound and vibration sealed as the district line runs right below it. … Continue reading

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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

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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

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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

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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

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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

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