Tag Archives: Scottish Widows
“Cakeism” – the problem with eating your cake-and leaving it to the kids
The concept of having your cake and eating it to , sometimes defined as “win-win” and criticised as “if it looks too good to be true – it probably is”, is prevalent in pensions. It is very to the fore … Continue reading
Widows’ provocative report on our retirement needs
Pension Age (and others) report that its research found a disconnect between what people want from their retirement income and what products they are actually choosing. In particular, the survey found that while 80 per cent of people wanted a … Continue reading
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Tagged after work, Emma Watkins, FCA, Peter Glancy, Scottish Widows, TPR
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Lloyds Bank’s bold step into 21st century pensions
Time for a viewing of the brilliant film “Margin Call”, which starts with the “letting go” of a bank’s risk officer. Lloyds Bank axes risk staff after executives complain they are a ‘blocker’ https://t.co/HKvI7cMbKt via @ft — Bryn Davies (@DaviesofBrixton) … Continue reading
Scottish Widows IGC writes a report that policyholders might want to read
Anna Bradley is back as Scottish Widows IGC chair and she couldn’t have chosen a worse time to get the job. She’s reporting on 2022, a year when not only was the performance of Scottish Widow’s workplace pension funds … Continue reading
Scottish Widows – Nature and Biodiversity: why should pension funds act now?
Type – Online (+1Hr CPD) When Tuesday July 18th, 2023 at 10:30 am You are cordially invited to attend our next event on July 18th. In just 50 years, humanity has pushed itself out of a period of stability that … Continue reading
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Tagged Biodiversity, Lee Backhouse, nature, Pensions, Scottish Widows
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Who really wins from DB’s “risk transfer” to insurers?
In a long and well -informed “big read”, the FT has published its thoughts on the structural shift in DB pension provision known as bulk buy-out. The article begins with the memories of 71 year old John Shaw and the … Continue reading
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Tagged Aviva, buy-out, Canada Life, Insurers, Just, L&G, Phoenix, PIC, Rothesay Life, Scottish Widows
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Scottish Widows service meltdown
Jessica Beard at The Daily Mail’s “This is Money” website has uncovered a deplorable breakdown in claims management at Scottish Widows. Families waiting months for money they are entitled to after a loved one’s death Many have faced hour-long call … Continue reading
Can these insurers become useful to pension savers again?
Time was when people regarded a pension as an insurance against getting old, right now insurers compete with master trusts and SIPPs for the nation’s retirement saving and the staple features that made them indispensable seem increasingly irrelevant. … Continue reading
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Tagged annuities, assured retirement, Aviva, Canada Life, Hodge, Just, L&G, LV, Pensions, Scottish Widows, Standard Life
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The Mail exploits pension saver’s ignorance – who’s fault is that?
There is a lot wrong with this article, but one thing that is right is that performance matters and matters to the people who are using workplace pensions. If it didn’t matter, the Mail would not publish articles like this, … Continue reading
Assessment of 2021 IGC reports – a boring read but an important one!
Despite the efforts of the FCA to make IGC reporting more relevant to ordinary savers, I found this crop of IGC reports were bland and unambitious in their reporting of VFM. No IGC suggested that value for money was not … Continue reading
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Tagged Aegon, Aviva, Fidelity, GAA, IGC, l7g, Prudential, Royal London, Scottish Widows, Standard Life, Vanguard, Virgin
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