Tag Archives: IGC

Confusion reigns at the Royal London IGC

Posted on April 8, 2017 by henry tapper

In general IGC reports and press releases don’t mix. We’ve had two reports which have been advertised to the press and both fail to impress me. We are not asking IGCs to sell their workplace pensions, or even themselves, we’re … Continue reading →

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Aviva’s IGC report – a great leap forward

Posted on April 6, 2017 by henry tapper

Aviva has quietly become the most important insurance company operating in the workplace pension market. While others have pulled in their horns, Aviva has remained committed to auto-enrolment and now features in every search we conduct for new pension providers. … Continue reading →

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Fund cost disclosure, arrived on Friday – and it’s here to stay. L&G IGC report- 2017

Posted on April 2, 2017 by henry tapper

We are now well in to the IGC reporting season, where Independent Governance Committees tell us how well the insurers they oversee are behaving. I had had low expectations going into this round, 11 of the key insurers had spent … Continue reading →

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Phoenix and the Hare bear bunch!

Posted on April 1, 2017 by henry tapper

Last year I gave the Phoenix IGC chair report three greens out of three- the only report to get a “clear round”. It doesn’t quite make the double this year, but this is another excellent report which should be required … Continue reading →

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Should Scottish Widows IGC do its PR?

Posted on April 1, 2017 by henry tapper

  Reading the Scottish Widows IGC report, I felt a little uncomfortable; it wasn’t until I read Professional Pensions that I understood why. Professional Pensions is properly reporting the party line , the IGC… “is encouraged by the provider’s “progress” … Continue reading →

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L&G’s IGC goes public on hidden costs

Posted on April 1, 2017 by henry tapper

It’s unfair on a very good IGC report that I focus on its breakthrough feature, but the decision of the IGC to publish the full cost of the funds used within L&G’s defaults needs to be given the headline news. … Continue reading →

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How payroll can get pension-smart (without really trying!)

Posted on March 30, 2017 by henry tapper

Pensions are important. They occupy our press, parliament and they occupy payroll! For better or worse we have wedded payroll to work and unless you are on a payroll, it is increasingly unlikely that you are earning much more than credits … Continue reading →

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Who’s kidding whom – on DC pension governance?

Posted on March 24, 2017 by henry tapper

I was “privileged” to spend a whole day with one of the many employer groups we have in Britain.  This meeting brought together Directors (especially FDs and Heads of HR) of  Research and Technology organisations. When I say privileged – … Continue reading →

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Standard Life’s IGC Statement – two greens and a red!

Posted on March 22, 2017 by henry tapper

The Standard Life IGC’s chair report was published on Friday. You can find it here https://www.standardlife.co.uk/c1/independent-governance-committee.page. As a note to Standard Life, it would be good if this report could be given more prominence on your home page, you can … Continue reading →

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The Prudential’s 2017 IGC Chair report

Posted on March 19, 2017 by henry tapper

  The Prudential’s Lawrence Churchill has published the Prudential IGC’s Chair Statement (the first of the crop). You can read it here https://www.pru.co.uk/pdf/PRUAG5076_A.pdf. Last year, I reviewed this Statement and gave it the thumbs up, I’m going to give it … Continue reading →

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