Tag Archives: Transaction costs
L&G; a smooth operator with an open IGC
For an Independent Governance Committee to work, there must be a means for it to interact with its membership in a meaningful way. L&G – uniquely to my knowledge – offer policyholders of their workplace pension the opportunity to come to … Continue reading
Posted in IGC, pensions
Tagged auto enrolment, dermot coutier, FCA, IGC, L&G, LGIM, pensions, Transaction costs, Transparency, workplace Pensions
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Slow and steady – the Zurich IGC
Laurie Edmans, Zurich’s IGC chair is a laid-back man. It shows in the IGC report that is considered and unhurried. It is a very good read as a deliberation on value for money though it is rather short on action … Continue reading
Posted in pensions
Tagged edmans, pensions, Transaction costs, workplace pension, Zurich, zurich igc
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We do not need another consultation on costs and charges.
A report in Professional Pensions that we are to get yet another consultation on costs and charges fill me with gloom. As the report points out, we have two consultations on the subject – in progress. They follow an exhaustive call … Continue reading
Posted in accountants, actuaries, advice gap, auto-enrolment, pensions
Tagged charges, costs, FCA, hidden charges, pension, pensions, TPR, Transaction costs
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Is pressure building on financial services?
One test of populism will be the extent to which “populist” Governments take on the cost of saving and investing. We are used to “bank bashing”, they were the justifiable targets of public wrath for the savings and loans crisis, … Continue reading
Posted in pensions
Tagged Asset management, charges, costs, Government, Taxation, Technology, the FCA, The Pensions Regulator, Transaction costs
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Transaction costs- what Pension PlayPen has to say to the FCA
The FCA’s consultation paper on Transaction Costs and Charges is important and timely. It enables those who are governing our workplace pensions to do their job and makes sure that those who invest our money- do their’s. Here’s the response … Continue reading
Posted in pensions
Tagged charges, FCA, pensions, Transaction costs, Value for Money, VFM
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Tactical transparency from the Investment Association
Professional Pensions reports that the Investment Association (IA) have appointed senior pension figures to advise the it on a new disclosure code for investment costs. Helen Morrisey, the paper’s editor is optimistic I’m sure the process will be challenging but … Continue reading
Posted in pensions
Tagged Business, Daniel Godfrey, DWP, FCA, IA, Investment Association, pension, TPR, Transaction costs, Transparency, Transparency Task Force, Treasury
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Knowing the “money” in “value for money”.
At last we may get to know what we really pay for the management of our funds so we can work out it it’s worth it. Continue reading
Posted in accountants, actuaries, annuity, investment, pensions, Pensions Regulator, risk
Tagged ABI, Business, call for evidence, calue, charges, costs, Defined benefit pension plan, DWP, Employment, FCA, Financial services, fund management, Government, IA, Insurance, Transaction costs, transfers, Value for Money
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As clear as a frosted window – the IA on charges (again)
The Investment Association (IA) have published another paper as their contribution to the ongoing debate on what the public and their fiduciaries should know about their funds. The paper fails on a number of levels 1. It ignores the fact that … Continue reading
Posted in accountants, advice gap, Fiduciary Management, Financial Conduct Authority, investment, ISA, pension playpen, pensions
Tagged The Investment Management Association, charges, costs, DGF, IMA, Investment Management Association, Transaction costs, transactional costs, Transactions, Value for Money
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How can this be?
A school friend of mine, came to see me yesterday with some paperwork. He had been reviewing his financial affairs. Like me , he is 53 and had been excited by talk of the new Pension Freedoms. The problem His … Continue reading
Cass calls on fund managers to be paid on results.
Dr Nick Motson of Cass Business School has issued another broadside at the funds industry who have been dilatory at best in responding to consumer pressure to better align its fees to the value it brings to consumers. … Continue reading
Posted in accountants, advice gap, David Pitt-Watson, dc pensions, pension playpen, pensions
Tagged advice, Business, charges, costs, dc pensions, de-risking, Employment, Fees, fund management, Funds, IMA, Insurance, Justin, Pension new, pensions, Retirement, Transaction costs
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