Tag Archives: Royal London

Are some schemes over-paying on Transfer Values?


Royal London have requested and got the notorious letter sent earlier this year to certain schemes perceived to be vulnerable to pension transfers. It includes the following sections. There is nothing new about this guidance; Steve Webb is spot on … Continue reading

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Do IGC’s improve our value for money?


This is the 7th and penultimate blog , addressing the Work & Pensions Select Committee’s questions on pension transparency. This time the exam question is Are Independent Governance Committees effective in driving value for money? My short answer is that … Continue reading

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Royal London’s IGC comes of age


  I’ve been tough on the first two reports from Phil Green, Chair of Royal London IGC. I guess I am a convert third time around, as this report reads well, is stacked with useful information on Royal London’s value for … Continue reading

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“Cry havoc and let slip the dogs of war”


One of the features of a close-knit community is that people talk to each other. For Steelworkers this has been at works and  in clubs. Now the works and clubs of Port Talbot, Llanwern, Scunthorpe and Redcar  have digital counterparts in the Facebook pages … Continue reading

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“Going halves on DB” – the argument for (and against) partial transfers.


(Rival) consultancy LCP and insurer Royal London have joined up to produce a paper calling for it to be mandatory for trustees to provide members with the option to take part of their DB pension as pension and part as … Continue reading

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Steve Webb and the triple lock – muddy waters!


  Here’s that Royal London press release, calling for State Pensions to be reduced and contributions to private pensions to increase. Royal London has set out a three point plan for the key pension priorities of an incoming government, including … Continue reading

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Confusion reigns at the Royal London IGC


In general IGC reports and press releases don’t mix. We’ve had two reports which have been advertised to the press and both fail to impress me. We are not asking IGCs to sell their workplace pensions, or even themselves, we’re … Continue reading

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Wanted for listing – IGC/GAA Chair reports


Pension Plowman’s Directory At this week’s Stewardship meeting of the transparency task force, someone asked if there was a Directory of the IGC’s that have been published so far. There wasn’t until then, but I sent round the links of … Continue reading

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Royal London’s IGC kicks off reporting


Royal London’s IGC yesterday became the first to report on its activities in the past 12 months. The report is 9 pages long , is readable and contains some substantive improvements which the IGC has negotiated with Royal London to … Continue reading

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The Oxleas pension scandal


The offer made by the Oxleas NHS Foundation Trust is a scandal. There is no other word for it. Staff are being misinformed about pensions and being offered “sexy-cash” to help Oxleas balance its books. Our nurses are worth more … Continue reading

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