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Tag Archives: regulation
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
“What’s the purpose of a pension scheme?” – Con Keating
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
Posted in actuaries, pensions
Tagged Con Keating, pension, pension scheme, regulation, solvency, TPR
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Falling out of love with the market.
The most startling thing about the conservative manifesto is that it advocates Government intervention as a way of improving those just about managing in Britain. This is a very different approach to that of previous Governments that relied on competition within markets. From labour markets, through energy, telecoms and pharma to financial services, the […]
Posted in pensions
Tagged Conservative, FCA, free market, Government, market economy, regulation, TPR
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Falling out of love with the market.
The most startling thing about the conservative manifesto is that it advocates Government intervention as a way of improving those just about managing in Britain. This is a very different approach to that of previous Governments that relied on … Continue reading
Posted in pensions
Tagged Conservative, FCA, free market, Government, market economy, regulation, TPR
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“Famine or feast pensions”- demand advice is better spread.
Where you work not how you work determines your pension prospects. If you choose to work for a blue chip company or for the Government you can expect at worst a high contribution to a workplace pension and at best a … Continue reading
Posted in accountants, actuaries, advice gap, auto-enrolment, pensions
Tagged advice, auto enrolment, consultancy, DB, dc, DWP, famine, feast, Pension Schemes Bill, pensions, regulation, workplace pensins
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“The pension transfer lottery” – thoughts from a PlayPen lunch.
At a consumer level, the absurdity of pension deficit volatility, seemed to me abstract and notional. But yesterday’s Pension Play Pen lunch changed that. One of our party reported that the value of his cash equivalent transfer value (CETV) changed … Continue reading
Posted in pensions
Tagged Actuary, CETV, pension, Pension Transfer, regulation, TPR, Transfer
3 Comments
Innovate , collaborate, compete!
Last Wednesday I chaired a cracking debate over and around lunchtime of the LGIM DC Conference in London’s swanky Sheraton Hotel. There were three questions on the table Is regulation a spur or a hindrance to innovation? Do … Continue reading
Posted in pensions
Tagged Collaborate, compete, competion, Conference, dc, Innovate, regulation
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Financial advice, master or menace?
Which came first, the need or the greed? Old Mutual Wealth (a company that owns one of Britain’s largest financial advice networks and is build a tied network) has commissioned a survey that tells us 90% of those between 30 … Continue reading
Posted in pensions
Tagged Collaboration, competition, dc, FCA, financial advice, Master Menace, Menace, Old Mutual, Paul Feeney, pensions, regulation, Retirement, workplace
7 Comments
Is contract-based versus trust-based really the question? Guest Blog from Ralph Frank
Automatic Enrolment (“AE”) has resulted in an increase in Defined Contribution (“DC”) pension saving through Master Trusts (“MTs”). This trust-based approach has overtaken contract-based arrangements, such as Group Personal Pensions, as the most popular form of DC saving. A key … Continue reading
Posted in pensions
Tagged Contract, GPP, master trust, MT, Ralph Frank, regulation, trust, trust-based
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What kind of transparency would that be- Sir?
This from the BBC MPs on the Energy Committee have written to the new business secretary to demand no change to the current rules on price comparison websites. As part of its recent report on the energy market, the Competition … Continue reading
Posted in pensions
Tagged Comparison sites, Investment Association, regulation, Transparency, Transparency Task Force
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