Tag Archives: Transparency

Transparency bites the fund industry

From top to bottom of  financial intermediation cost disclosure is causing problems. UBS and Goldman Sachs have been fined eye-watering sums for failure to provide the right information for others to disclose to their clients. They are not alone. Those … Continue reading

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The sordid side of nudge.

Go, go, go, said the bird: human kind Cannot bear very much reality.   (TS Eliot – four quartets) There is a thin dividing line between nudge and dishonesty. Nudge  flirts with transparency but never consummates. We are nudging millions of … Continue reading

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Pensions “Shock and Awe”

Next week looks like being a big one for Pensions with the Pensions Minister summoning the dasboardistas to Westminster on Monday morning for the big reveal. This meeting is scheduled to last an hour and will mean I will be … Continue reading

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The Gravy train is still at the station!

This is a post from an asset manager. You cannot comment on the post as Muzinich has turned off the comments facility on Linked in. I am wondering what the “appropriate” response to the post is. Should it be Muzinich … Continue reading

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Sier and Agethangelou kick off Government pension transparency inquiry

Chris Sier (left) and Andy Agethangelou (right) are due to kick off the Work and Pensions Select Committee costs  transparency inquiry – giving oral evidence on 5th September. It’s fitting that the two will appear together, Chris Sier did a great … Continue reading

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Why every hidden cost matters.

Value recognised A lot has been made about the hidden charges of running a fund over the past ten years. Over this time there have been two high profile campaigns to bring them into the open. In the retail space, … Continue reading

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“Smiling at delinquents”; how we prevail over fund ignorance and indolence

I had one of those moments just now, when a whole load of things came together and I saw the wood for the trees. My Eureka moment? I was reading an FCA document , the Packaged Retail and Insurance-based Investment Products … Continue reading

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Let’s make “Legacy” a thing of the past.

It’s hard not to feel a twinge of sympathy for Richard Smith. Concur with that. Those working with the 6% don’t. Comments on my document haven’t gone down that well – then again, I wasn’t really expecting it to be … Continue reading

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How important is investment transparency to savers?

  This is the 5th of a series of eight blogs addressing the eight questions posed by the WPC. Today’s exam question is How important is investment transparency to savers? A short answer is ” a lot more important than most … Continue reading

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Opacity pays! Shock revelation from Pension PlayPen lunch

In a top-secret pension playpen lunch – details of which have been leaked to the Pension Plowman –  key industry figures agreed that opacity pays! Despite the WPC call for responses to its transparency paper, the secretive group are understood to … Continue reading

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