Tag Archives: VFM

“Reductio ad absurdum” or a financial “must have”?


Today is a big day for funds disclosure in the UK. It is the day hands to the FCA, the template created by the Institutional Disclosure Working Group. This template  will facilitate the collection of data on the costs and charges … Continue reading

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Who owns “value for money”?


  News from the stalwart Bob Ward that the FCA has dropped the term “value for money” came as a bombshell to participants in yesterday’s Pension Play Pen lunch. Since it’s about the only term left in the financial services … Continue reading

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Is there a “true and fair” way to value advice?


  Yesterday , I wrote a blog about “ownership” and how we cede ownership of our retirement savings – often to ill-effect. You can read that blog here. This follows up on that thinking and looks at a specific issue … Continue reading

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How do I rate my various pensions?


Following the publication of yesterday’s Guidance from the DWP on “DC pension” disclosures, this article asks “have we any framework for answering the question in the title?”. The conclusion is “not yet”, thought the disclosure guidance takes us another step … Continue reading

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With value for money – figures speak louder than words.


The pen may be mightier than the sword but the spreadsheet trumps both. Last week, JLT published some projections which showed that if the performance differential between lousy and top pension providers continued – you’d be able to buy a … Continue reading

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The time is right for pension price disclosure.


Last week I went to the FCA to discuss price disclosure with the Regulator. The time is right for people to understand what they pay to have their pension managed. I am one of the few people who gets information on … Continue reading

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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

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The Prudential’s 2017 IGC Chair report


  The Prudential’s Lawrence Churchill has published the Prudential IGC’s Chair Statement (the first of the crop). You can read it here https://www.pru.co.uk/pdf/PRUAG5076_A.pdf. Last year, I reviewed this Statement and gave it the thumbs up, I’m going to give it … Continue reading

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Where next for “value for money”?


  Value for Money is the holy grail for the fiduciaries of workplace pensions. In this article I outline how the providers of workplace pensions are going about establishing value for money and looking at ways to improve things in … Continue reading

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Over-consulting ; not a victimless crime!


I was “distressed” to read of a new way of extracting fees from the sponsors of DC pensions, the value for money review/assessment. http://tinyurl.com/ju4ppnp Ok – I wasn’t distressed – I was cross! Value for Money is not as complicated … Continue reading

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