Tag Archives: IGC

Virgin Money’s replacement pension still not ready – reports IGC.

The Virgin IGC  published  its Independent Governance Committees’  report on 28th September. I was under the mistaken belief that Virgin had downgraded its IGC to a GAA. I was wrong and apologies to Virgin Money , its IGC and in … Continue reading

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Important amends to my Aviva IGC report.

This report has two important amends from that originally published. In their 2022 report, the Aviva  IGC did indeed conclude that members not protected by the AE charge cap, and paying in excess of 0.75% a year in charges, were … Continue reading

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Long on governance, weak on innovation; 2022/3 IGC reports.

IGC’s class of 2023 This year that I only gave one  red score to an GC report. This is because the  IGCs are  operating to a proper standard and trying to do its best for their consumers. The red that … Continue reading

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Phoenix Life’s exemplary IGC report.

Phoenix is no longer just an insurer of flaked out life insurance companies. It is a powerful financial service brand that includes Standard Life among the companies within its group. It spends money on good governance and I’m pleased to … Continue reading

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Scottish Widows IGC writes a report that policyholders might want to read

  Anna Bradley is back as Scottish Widows IGC chair and she couldn’t have chosen a worse time to get the job. She’s reporting on 2022, a year when not only was the performance of Scottish Widow’s workplace pension funds … Continue reading

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ReAssure’s IGC toughs it out – but the cracks are plain to see.

The Reassure IGC report for 2022 tells a different story from the headline. Not only did Reassure provide value for money in 2022 but it provided it in 2021 as well. Digging down into the complaints about ReAssure’s “appalling service”, … Continue reading

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A good IGC report from Standard Life – but spare us the “calls to action”!

As you might expect, Standard Life’s IGC report paints a very rosy picture of the value Standard Life savers are getting for their money (the pointer heads right not left). What you mightn’t expect are the calls to action to … Continue reading

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Important amends to my Aviva IGC report.

This report has two important amends from that originally published. In their 2022 report, the Aviva  IGC did indeed conclude that members not protected by the AE charge cap, and paying in excess of 0.75% a year in charges, were … Continue reading

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L&G IGC – inaction is not an option.

L&G has a new IGC Chair and Joanne Segars has the unenviable task of reporting on 2022, which by any standard  – was not a vintage year for DC savers. Unfortunately , L& G did not have a vintage 2022 … Continue reading

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Why IGC reports are more relevant than ever this year.

History Since Independent Governance Committees (IGCs) started in 2016, I have been reading their Annual Reports and commenting on thiem. I look at how effective they have been , the credibility of their assessment of value for money and I … Continue reading

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