Tag Archives: Terry Smith

Where Terry Smith leads, others should follow.

Posted on September 14, 2022 by henry tapper

Here is a notice posted on the London Stock Exchange. It should be read by all fund managers regardless of whether their fund is currently assessed as adding value – or not. I’d draw their attention to Terry Smith’s comment … Continue reading →

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“Is the fund industry morally bankrupt?”

Posted on January 9, 2020 by henry tapper

It is 80 years since the United States set down the Investment Act that established four principles on which fund governance sits. Fund governance refers to a system of checks and balances and work performed by the governing body (board) of … Continue reading →

Posted in advice gap, age wage, pensions | Tagged , , , , , | 3 Comments

Fund managers -Norma Cohen is still watching!

Posted on September 1, 2017 by henry tapper

  The great British financial journalist Norma Cohen rarely publishes in the FT these days, when she does, it is to great effect. This week she published a quiet and thoughtful piece on the impact MIFID II is having on … Continue reading →

Posted in Blogging, David Pitt-Watson, economics, journalism, pensions | Tagged , , , , , , , , | 3 Comments

Ignore “bad “; let’s big-up good asset management!

Posted on December 5, 2016 by henry tapper

The asset management industry will get nowhere trying to defend bad practices. It should be celebrating its success stories. We have good active managers in this country and we have good passive managers, protecting bad practice among bad asset managers … Continue reading →

Posted in consultant, corporate governance, customer service, pensions | Tagged , , , , , | 3 Comments

Activism over activity – we want effective asset management.

Posted on November 22, 2016 by henry tapper

Reading the FCA’s Asset Management Market Study, you’d be tempted to give up on active asset management (to be frank you might to give up on investment funds altogether). Daniel Godfrey has a piece in the FT claiming that the … Continue reading →

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A man on a mission – a man with a vision

Posted on February 24, 2016 by henry tapper

Nigel Wilson is becoming a hero of mine. The CEO of Legal &General was on Wake up to Money this morning (24th Feb) and I’m about to  download the podcast to listen to him again. I like the man’s common sense … Continue reading →

Posted in Force for Good, pensions | Tagged , , , , , , , , , | Leave a comment

Insurrection and resurrection! A sideways glance at pension titillation.

Posted on January 19, 2016 by henry tapper

Thanks to Martin Baker – fellow Yeovil Town enthusiast for this nice juxtaposition. The Lord Giveth-and the Lord Taketh Away -these articles appeared within four days of each other. Perhaps Express newspapers worked out that putting “Pension ” on the front … Continue reading →

Posted in pensions | Tagged , , , , , , , , , , , , | 3 Comments

The true and fair way to “cost” your investments

Posted on May 23, 2013 by henry tapper

This machine will increase competition, drive out inefficiencies and increase respect for managers (with an eye to costs ) Continue reading →

Posted in auto-enrolment, brand, Change, dc pensions, Financial Education, First Actuarial, hargreaves lansdowne, hedge funds, pensions | Tagged , , , , , , , | Leave a comment

Should we measure pension fees as “risk”?

Posted on March 7, 2013 by henry tapper

This is simple measure which makes such fundamental sense that any fool can grasp it. Continue reading →

Posted in David Pitt-Watson, dc pensions, de-risking, pension playpen, pensions | Tagged , , , , , , , | 3 Comments

DC Trustees – asleep at the wheel?

Posted on February 3, 2013 by henry tapper

I was spending insomniac hours reading posts about savings on http://www.moneysavingexpert.com when I came upon a thread about the ABI 14 agreeing to disclose transactional costs from next summer. There wasn’t much on the comments board – one post stood out. … Continue reading →

Posted in actuaries, corporate governance, David Pitt-Watson, dc pensions, First Actuarial, Management, NEST, pension playpen, pensions, Personal Accounts | Tagged , , , , , , , | 4 Comments