Tag Archives: VFM

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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Transaction costs- what Pension PlayPen has to say to the FCA


The FCA’s consultation paper on Transaction Costs and Charges is important and timely. It enables those who are governing our workplace pensions to do their job and makes sure that those who invest our money- do their’s. Here’s the response … Continue reading

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The IGCs must not slip into the pocket of their provider


I hear worrying reports of various IGCs meeting and pronouncing their tasks “too hard”. Phrases such as “I don’t know how this would play with my provider” have no place in an IGC’s lexicon but they are reported as littering these … Continue reading

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Is you trustee/IGC getting you value for money? (guest blog from Ralph Frank)


  The concept of ‘value’ has been exercising Trustee Boards (“TBs”) and Independent Governance Committees (“IGCs”) for some time.  TBs are required to evaluate “the extent to which the charges and transaction costs represent good value for members”.  Similarly, IGCs … Continue reading

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Don’t be passive; just because your tracking


  Most of us have our pensions invested in passive funds. I use a passive grammatical structure because we do not choose , our funds are chosen by others, hopefully with our best interests in mind. So the best we … Continue reading

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No value without trust- PPI on “value for money”


Yesterday , the Pensions Policy Institute  delivered its “Value for money in DC workplace pensions” paper. The report can be read or downloaded from this link The central thrust of which was that “value ” was undervalued and too much … Continue reading

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Value for money from investment consultants


In this article I’m proposing that investment consultants are subject to the same degree of scrutiny as the other service suppliers to trustees. Investment consultants should be subject to a Value for Money assessment). This morning I will be hearing … Continue reading

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Leicester City – a parable


champione***champione*** champione***champione***champione   The whole nation knows the value of winning the Premier League to Leicester City. The value of Leicester winning it is greatest just before it’s won. This blog was published the morning of the day when Leicester became Premier … Continue reading

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