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Tag Archives: VFM
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
Posted in auto-enrolment, pension playpen, pensions, Sage
Tagged DWP, OFT, pension playpen, pensions, VFM, workplace Pensions
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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
Posted in pensions, Value for Money
Tagged Chir Sier, IFA, IGC, JLT, measure, past performance, trustee, Value for Money, VFM, wealth management, words
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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
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
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
Posted in auto-enrolment, pensions
Tagged Dr Chris Sier, FCA, Holy Grail, Value for Money, VFM
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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
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
Posted in pensions
Tagged charges, FCA, pensions, Transaction costs, Value for Money, VFM
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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
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
