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Tag Archives: SIPP
Are SIPPs to be trusted?
We don’t need no education I am no fan of the phrase “financial education” even less “thought control”. When financial experts turn teachers and start treat their customers as children, alarm bells should be ringing. They are clearly ringing at … Continue reading
It’s time to stop sneering at St. James’s Place
St. James’s Place released their half yearly results yesterday and the market responded by marking up their shares 5%. The results told us that SJP had added nearly £10bn to funds under management and that operating profit had shot up. … Continue reading
Posted in pensions
Tagged AJ BEll, Hargreaves Lansdown, Pensions, Rob Gardner, SIPP, SJP, St James Place
6 Comments
The rise and fall of SIPPs
It’s easy enough for me to throw stones at SIPPs, I don’t invest in them, I don’t advise on them and I don’t run one. In the early days of SIPPs , two good friends, John Moret and John … Continue reading
FCA to tame the drawdown bucking bronco!
Yesterday was a good news day for people concerned about retirement income. The FCA made two meaningful statements on what it intends to do to help ordinary people trying to manage their in retirement finances. The first was the … Continue reading
Posted in advice gap, corporate governance, FCA, pensions
Tagged AgeWage, charges, Drawdown, FCA, GAA, governance, IGC, investment pathways, pensions, SIPP
5 Comments
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
Posted in pensions
Tagged Financial Ombudsman, FOS, pension, pensions, Port Talbot, self-invest, SIPP
7 Comments
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
Posted in pensions
Tagged Boring Money, Drawdown, FCA, Hargreaves Lansdown, LaingCat, pensions, platforms, SIPP, St James Place, Vanguard
3 Comments
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 ABI, Compare the Market, Dashboard, Go Compare, Mneysupermarket, Pension Dashboard, SIPP
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
Posted in IGC, pensions
Tagged Harvreaves Lansdown, IGC, pensions, Research, SIPP, Tom McPhail
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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
Posted in IGC, pensions
Tagged GAA, Hargreaves Lansdown, IGC, pensions, SIPP, SJP, wealth management
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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
