Tag Archives: State Street
People’s put the boot into “tea and cake” ESG.
For those of us who thought People’s Pension (now Partnership) had no ambition with its £22bn of assets, there is this. The commentary I have read so far suggests that People’s Pension is gunning for State Street – which manages … Continue reading
Asset managers should invest to dine at the DC table
I often hear dissatisfaction from asset managers that they have no place at the DC table. The management of workplace DC assets has largely been given to BlackRock, LGIM, State Street and Vanguard. While they enjoy consumption of the … Continue reading
“Retire from work, not from a pay-cheque?” Will BlackRock offer a wage for life?
As DC retirement savings plans mature they present those who save, those who look after their savings and regulators with the same challenge- “how to turn pots to pensions”. The way in which different countries save for retirement is pretty … Continue reading
Power to the people (now we’re taking the risk).
If the People’s Pension , is really the people’s pension, why aren’t the people who are members being told what they are paying for membership? For some months, I have been saying privately to the management and Trustees of … Continue reading
Posted in advice gap, auto-enrolment, pensions
Tagged B&CE, corporate governance, Funds governance, IGC, Index tracker, People's Pension, SSGA, State Street, stock lending, Transparency
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Will the transparency Zeitgeist pervade the FCA?
The Financial Times is reporting that the Association of Member Nominated Trustees are ready to exercise muscle to get to the bottom of what we are paying for charges. This is really good news ; but before we get too … Continue reading
Posted in Blogging, pensions
Tagged AMNT, FCA, ft, fund managers, jo cumbo, novarca, pensions, State Street, Transparency, Transparency Task Force, Zeitgeist
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Theft is theft – however and whoever.
I have been reading about Messrs Grey and Kelly on the FCA’s website. These two advisers systematically pillaged client accounts; the FCA has found that Mr Kelly what is more Clearly these guys were up to no good … Continue reading
Posted in pensions
Tagged enforcement, FCA, Government, Grey and Kelly, Pension new, State Street, Theft
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Money corrupts, is State Street corrupted absolutely?
Is there no end to the greed within State Street’s global custody division? Two former executives at State Street have been charged by US officials for their part in a scheme involving secret commissions within its transition management business. Ross … Continue reading
Posted in pensions
Tagged Business and Economy, corporate governance, corporate risk, Global custody, NEST, pension, pension playpen, pensions, People's Pension, State Street
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State Street and People’s – a lack of “emissional” intelligence?
I am not very happy that People’s Pension has chosen State Street to manage the money under its master trust. In early 2014, State Street were found guilty of over-charging a variety of pension funds and were fined by the … Continue reading
Posted in NEST, pensions, Pensions Regulator, smelly, State Street
Tagged advice, annuity, auto enrolment, babloo ramamurthy, Business, DWP, Financial services, National Employment Savings Trust, NEST, pension, Pension new, pension playpen, Pension Regulator, pensions, People's Pension, Scottish Widows, State Street
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“There’s opportunity in complexity”
This, believe it or not, is the new strap-line for State Street Global Adviser’s push into the UK DC market with their target dated funds which are – it seems – reassuringly complex. To boot There are two ways of … Continue reading