Tag Archives: SJP

The good in gating.

Posted on June 17, 2019 by

  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 , , , , , , | 1 Comment

What does SJP “sacking” Woodford mean?

Posted on June 7, 2019 by

“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 , , , , , , , | 10 Comments

Herding , Woodford and platforms

Posted on June 6, 2019 by

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 →

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Retail platforms – a boat worth missing?

Posted on May 26, 2019 by

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 →

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Trustees and transfers

Posted on February 9, 2019 by

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 →

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The “wonder” of wealth

Posted on August 15, 2018 by

As Dr Chris Sier entered the Corinthia Hotel on Wednesday, en route to a cup of tea with the AgeWage management team, he noticed a gentleman handing over his Bentley keys  to the doorman, with a fifty pound note as a tip . … Continue reading →

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Do pension customers get value for money from financial advisers?

Posted on August 9, 2018 by

This is the last of eight blogs I’ve written in response to the Work and Pensions Select Committee’s inquiry into Pension Transparency. Today’s exam question is “Do pension customers get value for money from financial advisers?” and the quick answer … Continue reading →

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SJP’s human shield

Posted on June 7, 2018 by

Will Robbins has followed up Elliot Smith’s brilliant expose of SJP’s fund profiteering by publishing the highlights of an interview with SJP’s front man – Chris Ralfe. I strongly recommend you read both pieces. What they reveal is the “ours by right” … Continue reading →

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SJPEXIT and its implications.

Posted on April 29, 2018 by

Reading Colin Richardson’s excellent Governance Advisory Arrangement (GAA) report on SJP, I realised just how tough it is for anyone who doesn’t work for St James Place to take any sort of decision on an SJP Pension. Here – for … Continue reading →

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

Posted on April 28, 2018 by

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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