Tag Archives: IGC
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
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
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
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
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
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
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
Vanguard’s IGC sets a sharp pace to the 2022 reporting season
Based on the data and analysis in this report, the IGC concludes that Vanguard is offering good VFM to its investment pathway investors. We have not discovered any other provider offering better value. So concludes the 2022 IGC report … Continue reading
Scottish Widows service meltdown
Jessica Beard at The Daily Mail’s “This is Money” website has uncovered a deplorable breakdown in claims management at Scottish Widows. Families waiting months for money they are entitled to after a loved one’s death Many have faced hour-long call … Continue reading
Receiving value for your money – the DWP gets it 95% right.
Insight one “money” is not – “costs and charges ” but “contributions” There came a moment , as I was reading the DWP’s Value for Money Consultation that you realised that something has changed. For me that moment wasn’t this … Continue reading
Posted in pensions
Tagged Consumer, Consumer duty, DWP, GPP, IGC, Laura Trott, trustee, value for members, Value for Money, VFM framework
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