Tag Archives: Transparency

“The belly of the beast” – Con Keating and the Investment Association


Con Keating is not everybody’s cup of tea, but he’s mine – especially when he’s after  transparency. This shows him with a timely warning to those who think leaving transparency in the hands of the Investment Association is a good … Continue reading

Posted in actuaries, advice gap, pensions | Tagged , , , , | 2 Comments

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 , , , , , , , , , | Leave a comment

What I’ll ask the Pensions Minister today (if I can find him).


Calling Guy Opperman MP,  Minister for pensions and inclusion, “are you out there?” I’m on my way up to Manchester clutching an email from your office saying you want to meet me, I will be at (y)our conference for the … Continue reading

Posted in #WASPI, pensions | Tagged , , , , , , , | 6 Comments

A battle won – not yet the war; FCA demands cost disclosure.


    I get worried by premature announcements of victory. The battle to get proper cost disclosure is a long one , hostilities commenced properly with the OFT report on workplace pensions in 2014. This reminded Government that we know … Continue reading

Posted in auto-enrolment, pensions | Tagged , , , , , | 6 Comments

Resistance is futile! The FCA give the bully boys their marching orders


                                                 For you Tommy zee war is over! So the investment consultants are to be marched off to Stalug Luft CMA, for prolonged interrogation and indefinite detainment. Happily I have no pretentions to be an investment consultant and so can … Continue reading

Posted in pensions | Tagged , , , , , | Leave a comment

Transparency as disinfectant


Wherever possible – organisations should aspire to be transparent in their dealings, sharing information with all stakeholders. Bank wins by being straight with customers Making information difficult to access causes problems. My friends at Quietroom tell the story of how, … Continue reading

Posted in accountants, actuaries, advice gap, pensions | Tagged , , | 2 Comments

“Investment advisory fees up 14%” -why?


  Can someone explain what is meant by an investment advisory fee in this context? The report appears in Financial Planning Today which describes itself as the daily news website for Financial Planners, Paraplanners and Wealth Managers. The article doesn’t mention … Continue reading

Posted in advice gap, pensions | Tagged , , , , , , , , , , | 2 Comments

Britain leading the way (at last)


The balance of regulatory geo-politics has changed (did I really write that!) I guess most baby boomers like me grew up thinking that (at least in matters financial), Britain could look to America for progressive policy and practice. This is no … Continue reading

Posted in advice gap, Big Government, customer service, pensions | Tagged , , , , , , , , | 3 Comments

Lifetime pricing – a broken model?


    Of all the orthodoxies within pension insurance, the concept of “lifetime pricing” is the most sacred. What Lifetime pricing means for an insurance company is the promise of a stable stream of profit from an insurance policy over … Continue reading

Posted in economics, pensions | Tagged , , , , , | Leave a comment

Cost disclosure now! No more workplace pension NDAs!


Following Julius Pursaill’s excellent piece on value for money yesterday, I’m following up with some practical thoughts. The blog yesterday triggered a meeting with an IGC chair who probed me on the vfm scoring system that has been troubling me … Continue reading

Posted in pensions | Tagged , , , , , , , | Leave a comment