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Tag Archives: trustees
Eurovision for the IGCs -they could do worse!
Over the next few weeks the 25 or so Independent Governance Committees that jointly oversee the activities of the life insurers who manage our pensions will produce their reports. The success of their reporting will be judged , I suspect, … Continue reading
Posted in pensions
Tagged Better, Chairs, Eurovision, governance, Government, IGC, Mundanity, pensions, trustees, workplace Pensions
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“AMNT” or “APPT” – Why DB trustees don’t get DC!
Yesterday I gate-crashed two parties. Party one was held by the association of professional pension trustees at the Butchers livery Hall and party two was held by the association of member nominated trustees around the corner. Both parties were in … Continue reading
So what’s the point of the DC trustee?
It’s the first rule of trusteeship- if you can’t measure it – don’t trust it. It’s the right of anyone who has their own pension pot to know how much they are paying for the management of their money. … Continue reading
Posted in dc pensions, pensions, Treasury, workplace pensions
Tagged Business, corporate governance, corporate risk, dc, dc pensions, Defined Contribution, DWP, Employment, Financial services, Financial Services Authority, Government, Indpendent Trustees, professional pensions, Richard Butcher, trustees, workplace Pensions
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Governance not glumervance
I am for good DC governance but I am not for DC glumervance. Glumervance is “glum governance” as preached by the puritan new model trustee. This is how on trustee firm explained the new measures for savers in the DWP Command Paper “the … Continue reading
Posted in advice gap, happiness, pensions
Tagged Employment, Financial services, Glumervance, pension, Pension new, pension playpen, pensions, Professional Trustees, Retirement, Steve Webb, trust, trustees
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Insurers at war
You’d have thought that the “last men standing”, the insurers – Zurich, Friends,Scottish Widows and Standard Life and the asset managers Blackrock, HSBC and Fidelity (themselves trading as insurers) would now concentrate on the serious business of filling the gap left by the collapse in DB accrual. However they have bigger ideas.
The divine comedy (a pensions joke)
“What’s going on , Regulator?” asked God. “Haven’t we got any of this lot into paradise yet?” Continue reading
Posted in pensions, Retirement
Tagged God, hell, Longevity, paradise, Pension new, pensions, ppf, Retirement, The Pension Regulator, trustees
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I outsourced my pension fund to a Fiduciary Manager (but didn’t know it)
I discovered I’d outsourced my personal pension fund to a Fiduciary Manager. So had all my colleagues, so had 90% of the 14,000 personal pension holders who are my clients and so had the trustees and sponsors of all the Schemes I’d been involved in at Zurich and Eagle Star Continue reading
Posted in EU Solvency II, Fiduciary Management, Liability Driven Investment, redington, Retirement, Treasury
Tagged Adolf Hitler, car crash, cardano, corporate risk, DB pension, DC pension, Eagle Star, EU Solvency II, Fiduciary Management, God, implemented consulting, Kerrin Rosenburg, Le Bourgeois Gentilhomme, Liability Driven Investment, Lifestyle, Moliere, Monsieur Jordain, redington, Retirement, Robert Gardner, Treasury, trustees, world war 1, world war 2, Zurich
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