Tag Archives: Value for Money

“Muddled , vague and confusing” – Brian Henderson’s take on the VFM framework

Posted on May 20, 2023 by henry tapper

This episode was brought forward so that Nico could watch motor racing in Italy. It’s a bummer for Nico that he’d chosen Emilia Romagna as his grand prix, thoughts and sympathy are with him as the grand prix has been … Continue reading →

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VFM – Tuesday 10.30am – The DWP will be answering our questions – pensionplaypen.com a

Posted on February 3, 2023 by henry tapper

  TO REGISTER  CLICK “ATTENDING” HERE   In their podcast on the VFM consultation, Darren and Nico joke that VFM is the most eagerly awaited consultation since the last eagerly awaited consultation. The lads were tongue in cheek but I’d … Continue reading →

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Receiving value for your money – the DWP gets it 95% right.

Posted on January 31, 2023 by henry tapper

Insight one “money” is not – “costs and charges ” but “contributions” There came a  moment , as I was reading the DWP’s Value for Money Consultation that you realised that something has changed. For me that moment wasn’t this … Continue reading →

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Prudential’s IGC reports an omni shambles.

Posted on October 9, 2022 by henry tapper

Prudential, once Britain’s premier insurer has produced its 7th IGC report, the second from former Mercer CEO Bruce Rigby. I suspect that Bruce had his fingers crossed that he would get away with his VFM assessment.   Overall, the IGC … Continue reading →

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The Scottish Widows IGC looks beyond the swirling cape

Posted on October 9, 2022 by henry tapper

    Style, tone and content. Scottish Widows has great if somewhat laddish marketing , thankfully it has an IGC that is interested in what it is delivering to its policyholders/members.  This IGC report continues an improvement evident over recent … Continue reading →

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His Majesty’s Treasury’s big idea for pensions needs help

Posted on September 25, 2022 by henry tapper

HMT has one explicit pensions policy mentioned in the mini-budget. The government is proposing that “well designed” performance fees, typically levied by private equity and venture capital managers, should be excluded from the 0.75% charge cap on DC workplace pension … Continue reading →

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All pensions have the same Duty to their Consumers – to provide Value for Money.

Posted on May 19, 2022 by henry tapper

  The Government struggles to find an overarching measure that defines “consumer protection”. Trust law says that trustees have a duty of care towards beneficiaries of a trust, historically consumers with policies regulated by the FCA were told that the … Continue reading →

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The PPI , governance and value for money

Posted on November 19, 2021 by henry tapper

  In my earlier post, I wanted to get to grips with the PPI’s new research paper on international experience measuring value for money but ended up focusing on a confusion about VFM and member contributions. Follow the link to … Continue reading →

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Why we shouldn’t choose pension providers just on price!

Posted on November 10, 2021 by henry tapper

The decision from the DWP to defer prescribing on how a commercial pension provider charges member’s for their services is welcome. It would have been better if we didn’t have to consult further and that the Government made the message … Continue reading →

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Do we value the money in our pensions?

Posted on March 23, 2021 by henry tapper

  It seems odd that something as universal as money, can be valued in such different ways. I am always surprised that my partner considers achieving discounts on her shopping a personal triumph while she is happy to squander fortunes … Continue reading →

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