Tag Archives: SIPP

Are SIPPs just too complicated?


  News yesterday  that complaints about SIPPs (Self Invested Personal Pensions) are now upheld by the pension ombudsman more than any other financial product. The number of new complaints to the Financial Ombudsman Service concerning Sipps has nearly doubled in … Continue reading

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The problem with platforms (is that everyone loves them).


Platforms are a relatively new but significant and growing distribution channel. The platform service provider market has doubled since 2013 from £250bn to £500bnassets under administration (AUA). This growth in AUA has been driven by rising markets and increasing levels … Continue reading

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Can “for profit” prosper? Yes – but we need dashboards that profit us all.


There is a strong tradition in this country of delivering services through “not for profit” organisations. Such organisations have been self-sustainable because of the endowments or trust funds that support their management. The most obvious manifestation of the not for … Continue reading

Posted in Dashboard, pensions | Tagged , , , , , , | 2 Comments

Hargreaves Lansdown’s IGC as pretty and effective as a chocolate teapot!


    In 2015, David Grimes and the Hargreaves Lansdown IGC, delivered what remains the worst IGC report I have ever reviewed. Things improved considerably in 2016 but the IGC has not kicked on and I find the 2017 report … Continue reading

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SJP policyholders deserve an IGC. They have a great GAA – but that’s not enough!


St James Place is one of Britain’s largest financial institutions, it is a FTSE 100 company with 2017 revenues of over £9bn. It is therefore surprising that its exposure to workplace pensions is so limited that it does not need … Continue reading

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There is only so much pension risk, an ordinary person can take.


This diagram shows us the points where we can do well in our “journey” as DC investors. It’s a useful starting point in working out how we create value for money for ourselves. This article shows that how much we … Continue reading

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Time for a DC upgrade?


I was wading through yet another long and technical explanation of CDC  when I got my Eureka moment! I don’t want a CDC plan, I want a DC upgrade! I’m not dissing legal eagle Sandeep Maudgil (who’s soon to appear … Continue reading

Posted in annuity, CDC, pensions | Tagged , , , , , , | 3 Comments

Self-employment; opt-out or cop-out?


https://platform.twitter.com/widgets.js These are numbers produced by our Office of National Statistics. Detailed notes are at the bottom of this article. We can safely assume that (without Government intervention) the trends have continued and that the 2017 and 2018 numbers will … Continue reading

Posted in auto-enrolment, pensions | Tagged , , , | 2 Comments

“Probing” IFAs is not enough; we need simpler more transparent transfers.


  Allegations of “mis-selling” against IFAs are premature and unsubstantiated. My eye was caught last night by a linked in post by Andrew Warwick-Thompson, formerly of the Pensions Regulator. Here we go again. The personal pensions miss-selling scandal all over … Continue reading

Posted in Blogging, BSPS, Change, FCA, pensions | Tagged , , , , , , , , , | 3 Comments

It’s not just IFAs that should be livid!


Here is the note I wrote when I read New Model Advisers report On why FSCS cannot determine its current levy (uncertainty over Strand Capital) On why FSCS has to unravel its past compensation (uncertainty over Arch Cru) Today (Jan … Continue reading

Posted in accountants, advice gap, FCA, governance, pensions | Tagged , , , , , , | 1 Comment