Extending time horizons can ease short-term funding pressure, but it shifts risk toward younger members. Reform should make those intergenerational…
I've just come across this letter from Smithers, covering DB pensions in general and the USS in particular. https://smithers.co.uk/extending-the-liabilities-time-horizon-is-key-to-pensions-reform/
Great. A chance to nit-pick something from Steve Webb. The Married Woman’s Option finished in 1977, not 1978. SERPS was…
I was told by the Pensions Service, that if I divorced my husband before I retired, I would get a…
Tag Archives: SJP
Can SJP move from wealth manager to trusted advisor?
The value of SJP’s total assets under management increased to £179bn, up from £154bn a year ago, owing to strong investment performance. SJP takes revenue from assets under management, its partners and associates are paid from the annual management charges. … Continue reading
Can SJP move from wealth manager to trusted advisor?
The value of SJP’s total assets under management increased to £179bn, up from £154bn a year ago, owing to strong investment performance. SJP takes revenue from assets under management, its partners and associates are paid from the annual management charges. … Continue reading
IFAs fear contagion from SJP’s fall from grace
It’s hard to underestimate how frightened the financial advisory community is over the decline in St James’s Place’s fortunes. For years IFAs have moaned about the collateral damage SJP’s high charges are doing to their reputation. But when SJP’s fortunes … Continue reading
SJP’s share-price crash.
Yesterday was a bad day for SJP. At one stage its share price was down more than 30%. The company is in mourning for its co-founder who died this week. This is Kate Beioly’s report in her morning newsletter for … Continue reading
St James’s Place slashes fees
The FT reports this morning that SJP’s fee structure will , as the FT intimated last week, be radically different going forwards. Citywire report the SJP market update in more detail The new structure won’t come into effect … Continue reading
SJP sees share price plunge 22% on the day.
This is not a blog about SJP but a blog about the FT’s coverage of SJP’s travails as they seek to respond to the FCA’s consumer duty without their business model cracking. The reporting is relentless and consistent and it … Continue reading
Change or die – the FT puts the boot into SJP
In an article that will alarm SJP’s shareholders, the FT calls into question SJP’s business model. The concern will be especially felt among the older generations of shareholder who will remember how Allied Dunbar fell from darling to disaster in … Continue reading
SJP shows vulnerability from an undiversified revenue model
This is enormous news. An exceptional hit of £860m directly attributable to #consumerduty That’s a very large sacrificial offering to the regulatory gods. Every single large FS firm will be looking at this & understand very clearly how seriously this … Continue reading
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Tagged atrophy, Fees, Pensions, SJP, vulnerability, workplace Pensions
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Two coronations – 70 years – not much happened?
I decided to have a clear out of a few good posts I’ve spotted and put in my drafts folder. This has gone a little cold since Garry Mackay posted on my linked in feed a few weeks ago. … Continue reading
SMEs need advice on pensions – advisers need “VFM” to work.
Sarah Smart gave a pretty impressive presentation to a group of PLSA members this morning. Speaking from the PLSA, Smart – a former adviser and now Chair at the Pensions Regulator singled out advisers as key stakeholders in getting the … Continue reading
When taxation is retroactive it will change behaviour. Be careful with envy focused legislation promote real solutions to British poor…