Tag Archives: State Street

Less complex DC please – SSga

This from State Street’s Barry F.X. Smith, head of State Street Global Asset (SSga) Manager’s  Americas Institutional Client Group. “The defined contribution market continues to expand, both in size and complexity. Plan sponsors and the participants they serve face many challenges as … Continue reading

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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

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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

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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

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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

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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 , , , , , , , , , , , , , , , , | 1 Comment

“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

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How pensions are impacted by the bank bonus culture

State Street need something better than the “need and greed” culture that fostered these frauds and Mastertrusts and IGCs need something better than the toothless response to these excesses Continue reading

Posted in Bankers, State Street, target date funds | Tagged , , , , , , , , , , , , , , , , , | 1 Comment

Better hid.

The trustees of NEST have been faced with a dilemma and it’s clear they have considered it and taken decisive inaction. This blog sets out to explain  and justify why the Trustees of our National Employers Savings Trust have chosen … Continue reading

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Quis custodiet ipsos custodes?

  I am glad to see that Sam Broadbeck of Pensions Insight has not allowed the State Street scandal to fall off the radar just yet. Writing in Pensions Insight, Sam points out that while Transition Management is not the … Continue reading

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