Tag Archives: SJP

People have better things to worry about than pension charges

People’s Pensions report that more people are worried about the costs of their mortgages and bank accounts than their pensions. There are good reasons for this. People pay bank and mortgage charges today, pension charges are paid out of the … Continue reading

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Why is Aviva buying Succession – an IFA consolidator?

Just as Scottish Widows moved on Embark, so Aviva has moved on Succession, announcing its £385m acquisition of the IFA consolidator as part of its annual results this morning. Aviva says the deal would “significantly” enhance its presence in the … Continue reading

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The 2021 IGC reports – links, reviews and ratings

I’ve completed my review of the 2020 IGCs and GAAs – 15 reviews of the reports I know of. It you run an IGC or GAA that I’ve missed, please send me your report. I doubt many IGCs have met … Continue reading

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The SJP’s GAA report comes up short

  This is how the SJP Governance Advisory Arrangement measures the value for money offered by SJP’s workplace pension schemes. Behind this analysis is a statement from the GAA Chair The GAA believes that value for money is subjective and … Continue reading

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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

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The proof of SJP’s self-confidence is in customer outcomes.

My friend Robin Powell who speaks for the evidence based investor has republished my comments on SJP’s Value Assessment (it’s nice to see my words properly set). I agree with Robin’s title, WHY SJP’S LATEST VALUE ASSESSMENT STILL DOESN’T CUT … Continue reading

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SJP talk to their happy customers – should they talk to us all?

The value assessment process was introduced to make it easier for investors to understand what they’re getting in exchange for the fees they pay. So, we’ve taken care to outline the full range of services that you receive from us: … Continue reading

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FCA unveil a horror-show from 17 fund managers

  It is hard to read the FCA’s verdict on the first round of Value Assessments from fund managers without getting very angry. The list of crimes against the consumer is long and unremitting. While clearly there were some Assessments … Continue reading

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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

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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

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