"falls in contribution rates have begun to emerge" The LGPS Survey 2026 undertaken by Room 151 in association with Schroders…
Yes, follow-up on the many benefits of Auto-Enrollment with the benefits of Auto-Consolidation, with opt-outs again for the sophisticates who…
The great advantage of a DC pension controlled by the beneficiary is complete control over the cash flows during decumulation…
"Pensions that are linked to salaries and/or inflation pensions are largely extinct in the private sector because they are unaffordable."…
Tag Archives: IGC
Royal London’s IGC – dour, impenetrable but effective
Royal London’s IGC report for 2021 is a rather dour affair, in contrast to others. Its sombre colour scheme is complimented by a formal style of delivery with an emphasis on good governance rather than member engagement. Even the … Continue reading
Aviva’s IGC Statement’s fierce battle to stay relevant.
A report whose relevance is challenged Aviva published its 2022 IGC report in September. As the picture says, it deals with the performance of Aviva’s pension savings products to the end of 2021 but does not cover the impact of … Continue reading
IGC reports? Please send send them to me!
Each year I report on the activities of Independent Governance Committees and their little sisters the Governance Advisory Arrangements. IGCs and GAAs are in place to keep the providers of contract based pension saving schemes honest. They are well … Continue reading
The IGCs are now in a tight corner – is this fair?
Normally at this time of the year I would be reading IGC reports and commenting on them. In future reports will be published by the end of September and will be considerably more challenging for IGCs to produce. In this … Continue reading
IGCs duties to savers are clear, their duties to spenders aren’t.
The latest statement of intent by the FCA to improve value for money in workplace pensions arrived yesterday as Policy Statement 21/12. This is not a discussion paper but new rules which came into force yesterday and the not so … Continue reading
Posted in pensions
Tagged Employer pension arrangements, GAA, IGC, investment pathways, Pathways, scheme comparators, VFM
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Pension Administrators need better benchmarks than each other!
Strong words, Henry. Pensions administration is the toughest gig in the industry – bar none. Let’s ensure we criticise “the industry” not “the individuals”. They are faced with a Herculean task. Clients and consultancies should invest more in these #pensions … Continue reading
The 2021 IGC reports – links, reviews and ratings
I’ve completed my review of the 2020 IGCs and GAAs – 15 reviews of the reports I know of. It you run an IGC or GAA that I’ve missed, please send me your report. I doubt many IGCs have met … Continue reading
Posted in IGC, pensions
Tagged Aegon, Aviva, IGC, L&G, Scottish Widows, SJP, Standard Life, Vanguard, Vantage
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Reassured by its IGC?
The Reassure IGC report Life at ReAssure is complicated, so complicated that we have to learn there are two different ReAssures; ReAssure Ltd. manages legacy books (now branded “heritage books”), while ReAssure Life Ltd – which you probably know as … Continue reading
Phoenix Life’s IGC runs out of steam
Phoenix’s 2021 IGC report The Phoenix Group has not one, not two but three IGCs in operation. I have already reported on the IGC report for Standard Life and will also report on ReAssure’s IGC report. It’s easy to … Continue reading
Zurich’s IGC bows out
With only 60,000 policies to look after, Zurich has decided to disband its IGC and replace it with a less ambitious governance arrangement. Commercially this is sensible – an IGC doesn’t come cheap and a GAA comes a lot cheaper. … Continue reading
As an AMNT committee member we widened our constitution this week to spread the mentoring, networking and best practice dissemination…