Tag Archives: Standard Life

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

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Standard Life IGC – will engagement drive innovation?

Standard Life has published its 2019-20 Chair Statement.   Standard Life are now part of the Phoenix Group who have rationalised their two  IGC committees removing the Standard Life IGC personnel and replacing them with Phoenix’s established team, under the Chairmanship … Continue reading

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Phoenix – an IGC that continues to set standards with another good report

Phoenix IGC has published its 2019-20 Chair Statement.  To me this is a most important statement as Phoenix is responsible for administering the savings of most of Britain’s “legacy savings”. Although most of these legacy books don’t have much in … Continue reading

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How do Customers benchmark what’s good about their DC pension?

For employer’s it’s all been about inter-operability I’m returning to a question that has bothered me since the inception of auto-enrolment over six years ago. To begin with, it was a question for employers and could largely be answered in … Continue reading

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“Phoenix and the Island of misfit pensions” – how one IGC is making a difference.

Phoenix – the island of misfit pensions. It’s not much fun if your pension finds its way to Phoenix Life. It’s the pension equivalent of the Island of Misfit Mascots – the place where Peetie the Sexual Harassment Panda gets … Continue reading

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The Standard Life IGC – could things possibly have gone worse?

 It has not been a good year for Standard Life or its IGC. This hasn’t stopped the IGC from producing a report that weighs in at an incredible 91 pages, only the first 15 of which are directed at the … Continue reading

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Standard Phoenixed.

There are few examples, since the demise of Equitable Life, quite so ignominious, as the end to Standard Life. Standard Life Assurance Limited is being sold to Phoenix Life for just £3.2bn , part of which will be paid to … Continue reading

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Standard Life- welcome to Sage’s digital “Data Exchange”!

I’m very pleased to see Standard Life’s announcement that its “Good to go” proposition is now part of Sage’s Data Exchange initiative. The news grabs headlines in the Scotsman and it should be headline news down south as well! Employer’s … Continue reading

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Radical thoughts about “value for money” – from Julius Pursaill (aka mystery blogger)

  Establishing a consensus on what “value for money” is, is proving too hard for the IGCs and Trustees, we need intervention from a “deus ex machina” (aka the FCA). Once we know the means to measure, I believe the … Continue reading

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Ombudsman 1 – Freedom 0

It would seem that Mr T (neither of the A-team or of this blog) has been sent packing by the Pensions Ombudsman. Mr T sued Standard Life’s staff pension trustees to max-up his CETV. He did so using an online … Continue reading

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