Tag Archives: regulation

Bim gets his feet out of the “wet cement of institutional rigidity”

Posted on December 6, 2023 by henry tapper

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 , , , , | 2 Comments

The price of taking “wanted” risk off the table; Mansion House’s sub-text

Posted on July 11, 2023 by henry tapper

  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 →

Posted in pensions | Tagged , , | 6 Comments

The consumer duty – another important step along the road.

Posted on July 28, 2022 by henry tapper

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 →

Posted in pensions | Tagged , , , | 1 Comment

2022’s the year for lawyers to stop moaning

Posted on January 9, 2022 by henry tapper

  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 →

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The prospect of fair, sufficient and sustainable pensions; miracle or mirage?

Posted on August 25, 2021 by henry tapper

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 →

Posted in CDC | Tagged , , , , , | 1 Comment

The mess we’re in (pt.1) and how we got here.

Posted on July 26, 2020 by henry tapper

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 , , , , , , , | 1 Comment

From PS20-06 to the dashboard; – can the FCA pull it off?

Posted on June 9, 2020 by henry tapper

  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 , , , , , , , | 1 Comment

Regulator fines Regulator

Posted on January 27, 2020 by henry tapper

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 →

Posted in age wage, FCA, pensions | Tagged , , , , | 2 Comments

L&G ‘s IGC ratings fall with a sorry 2017 Chair’s report.

Posted on April 6, 2018 by henry tapper

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 →

Posted in pensions | Tagged , , , , | 1 Comment

“What’s the purpose of a pension scheme?” – Con Keating

Posted on August 16, 2017 by henry tapper

  Con Keating argues in this piece that pension schemes aspire to “self-sufficiency”, giving them the status of  insurance companies. His thinking centres on what claims we have on schemes if the covenant to fund these schemes is lost. His conclusions … Continue reading →

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