Tag Archives: regulation
The “musts”, “should” and “need to” ; TPR’s CDC regs.
We make a clear distinction between legal duties and our expectations within the draft code by using the word ‘must’ when referencing legal duties, and ‘should’ and ‘expect’ for our expectations. We use ‘need’ where the process is necessary … Continue reading
Bim gets his feet out of the “wet cement of institutional rigidity”
Last week I reported on Bim Afolami’s bold bold new approach to regulating the regulators This week , I decided to pedal over to Old Queen Street, by the Treasury, to witness this wise-cracking lawyer, banker and now Minister in … Continue reading
Posted in pensions
Tagged Bim Afolami, regulation, safest graveyard, Treasury, wet cement
2 Comments
The price of taking “wanted” risk off the table; Mansion House’s sub-text
There are two ways for a Chancellor to promise £1,000 extra pension to us. The proper way is through the state pension, in 2022 the Government didn’t uplift the state pension by inflation meaning millions will be losing out … Continue reading
The consumer duty – another important step along the road.
There is already an instrument in place that determines value for money – it is called the free market. If a client feels they are not getting value for the product or service they are paying for, they go somewhere … Continue reading
2022’s the year for lawyers to stop moaning
I’ve just read Pension Expert’s lengthy article “2022-Lawyers-call-for-regulatory-pension-pause“. Rather than a pause in legislation, I’d like to see a pause in moaning – and a focus on simplifying the pension system by focusing on consolidation I have little sympathy … Continue reading
The prospect of fair, sufficient and sustainable pensions; miracle or mirage?
In a very short time , Pension PlayPen’s coffee mornings have achieved a regular following of 100 or so pension professionals, keen to hear and share views on critical pension issues. Steve Goddard has assembled a group of Pension All … Continue reading
The mess we’re in (pt.1) and how we got here.
Iain Clacher and Con Keating Since their heyday in the 1990s, UK occupational DB schemes have been winding up at a rate of about one every two days. Their replacement, DC schemes, are a poor substitute; they are tax-advantaged savings … Continue reading
Posted in accountants, actuaries, advice gap, pensions, trustee
Tagged Con Keating, DB, DB pensions, Iain Clacher, regulation, Roy Gopode, Sharon Bowles, TPR
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From PS20-06 to the dashboard; – can the FCA pull it off?
Amidst the noise of the ban on contingent charging, the FCA published a long and detailed Policy Statement PS20-06 For the most part, the FCA is concerned with people safeguarding their rights to promised benefits wherever they may come … Continue reading
Posted in advice gap, age wage, Dashboard, pensions
Tagged AgeWage, Dashboard, FCA, MAPS, Origo, Pension Bee, PS20-06, regulation
1 Comment
Regulator fines Regulator
Robin Ellison has too refined a mind and too fine a writing style, for his thoughts to be left languishing on Linked in. Not since the days of John Quarrell has there been such a dissenting voice, speaking against the … Continue reading
L&G ‘s IGC ratings fall with a sorry 2017 Chair’s report.
Legal and General has published its third IGC report, which you can read here.. Overall rating VFM – Red Engagement – Amber Effectiveness – Amber Value for Money It doesn’t get off to a very good start, giving us … Continue reading