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Tag Archives: SJP
THE INHERITANCE CHALLENGE FACING WOMEN IN THE ‘SANDWICH GENERATION’
This piece has been written by my friend Una King who I first met when she was finance director of Cincom. In the early days of the Pension PlayPen, Una could be relied on to organise and orchestrate great days … Continue reading
Should the tax-payer subsidise the cost of vertically integrated advice?
The cost of pensions tax-relief is likely to be a burning issue in the months ahead. The tax-payer is supposed to incentivise good behavior. Pre-funding retirement income leads to self-sufficiency and independence on younger generations in later life. That’s … Continue reading
Posted in advice gap, age wage, dc pensions, pensions
Tagged advice, cross-subsidy, financial advice, SJP, Vertical integration
1 Comment
Pension Plowman’s guide to 2020 IGC reports
This is a big year for IGCs. It is their fifth birthday, it’s the year when the FCA reviews their effectiveness and it’s the year of the pandemic, where providers and savers will be under maximum strain. Most of the … Continue reading
Posted in FCA, IGC, pensions
Tagged Aegon, Aviva, BlackRock, FCA, Fidelity, Hargreaves Lansdown, IGC, IGC report, L&G, Pensions, Phoenix, Prudential, Reassure, Royal London, Scottish Widows, SJP, Standard Life, Virgin Monday, workplace Pensions, Zurich
2 Comments
5 good reasons we have SJP
As readers of the Times know, James Coney has been exposing St James’s Place as a high pressure sales outfit that rewards its “advisers” with diamond cufflinks, overseas conventions and a lot of money for bringing client’s money under SJP … Continue reading
Posted in advice gap, pensions
Tagged Commission, Fees, pensions, SJP, St James Place, wealth tax
8 Comments
How contingent fees underpin SJP’s shareholder value.
The last two days have not been kind to St James Place, on Tuesday it was presented with the FCA’s CP19/25 and PS19/21 and yesterday it had to face the wrath of the market which marked its shares down 5% … Continue reading
The good in gating.
The wonder of the gating of the Woodford Equity Income Fund is that it happened in peacetime. There is no financial storm, the crisis is as random of the fall of Icarus in Breughel’s famous painting. There’s no doubt … Continue reading
Posted in advice gap, age wage, pensions
Tagged Gating, Hargreaves Lansdown, illiquidity, pensions, platforms, SJP, Woodford
1 Comment
What does SJP “sacking” Woodford mean?
“HL removed Woodford from its Wealth 50 but did not force sell the funds as SJP has.” But this shows a fundamental misunderstanding of how SJP (costly restricted funds) and HL (costly self-select platform) work! https://t.co/6eQoSKNK0T — Alistair Cunningham (@Cunningham_UK) … Continue reading
Posted in FCA, governance, pensions
Tagged Funds, governance, Hargreaves Lansdown, pensions, pooled fund, segregated mandate, SJP, Woodford
10 Comments
Herding , Woodford and platforms
Adam Norris , the genius behind much of Hargreaves Lansdown’s success told me how he switched money in bulk from Equitable Life onto the HL platform. He read the society’s rules and discovered that as an Equitable policyholder, he was … Continue reading
Posted in advice gap, pensions
Tagged Hargreaves Lansdown, Liquidity, pensions, SJP, Woodford
1 Comment
Retail platforms – a boat worth missing?
I hadn’t realised until yesterday that the FCA has a SIPP and Platform team in the Retail Investment supervision department. For most of us , the idea that we are buying into a platform when we save into a pension … Continue reading
Posted in advice gap, pensions
Tagged Boat, choice, HL, miss the boat, Pension Bee, pensions, platforms, SJP
2 Comments
Trustees and transfers
Jo Cumbo’s article in Pensions Expert on contingent charging takes a dim view of trustee behaviour to date. Her idea that advice to stay in a DB scheme could be paid for by docking the original pension has got some … Continue reading
Posted in advice gap, pensions
Tagged Adrian Boulding, jo cumbo, pensions, Phil Yound, SJP, transfers, trustees
3 Comments
