Tag Archives: VFM

IGCs duties to savers are clear, their duties to spenders aren’t.

The latest statement of intent by the FCA to improve value for money in workplace pensions arrived yesterday as Policy Statement  21/12.  This is not a discussion paper but new rules which came into force yesterday and the not so … Continue reading

Posted in pensions | Tagged , , , , , , | Leave a comment

Are you getting pension consultation fatigue?

It looks like plenty of us are As well as being year 2 of the pandemic, 2021 continues to be the year of the pensions consultation #ConsultationFatigue https://t.co/ZKN0luwqLo — Tess Page (@Tess_invests) September 16, 2021 While #ConsultationFatigue isn’t trending, conversations … Continue reading

Posted in advice gap | Tagged , , , , , | Leave a comment

A Standard for pension VFM is the practical way forward

The FCA and The Pensions Regulator (TPR) have published a joint discussion paper on developing a common framework for measuring value for money (VFM) in defined contribution (DC) pension schemes. The aim of the two regulators is to drive a … Continue reading

Posted in Big Government | Tagged , , , , , | Leave a comment

Making sense of value and money with personal “investment rates”

  Today we expect a discussion paper from tPR/FCA on the measurement of value for money. This is not so much a blog but an essay about measuring value. I’m trying to write about what I hear people saying and … Continue reading

Posted in pensions | Tagged , , , | 2 Comments

Breaking news on the value for money debate

Two dates for my diary from the FCA yesterday On September 16th , the FCA and TPR will be publishing a joint discussion paper on the measurement of value for money. On October 4th, the FCA will be publishing a … Continue reading

Posted in pensions | Tagged , , , | Leave a comment

Can we get the IGCs and FCA back on the same track?

  The FCA’s relationship with workplace pension providers for whom they have oversight (e.g. the providers of group personal pensions and group SIPPs) has clearly deteriorated over the past 15 months, as has its relationship with their Independent Governance Committees … Continue reading

Posted in pensions | Tagged , , , , , | Leave a comment

FCA delivers tardy providers and their IGCs a sucker punch

In a surprise statement, the FCA has accepted it my not given providers of workplace Group Personal Pensions (GPPs), sufficient clarity on what the FCA is looking for them to disclose. Some stakeholders think that costs and charges data should … Continue reading

Posted in pensions | Tagged , , , , , | Leave a comment

TPR/FCA and Government – shining light on value for money

TPR’s Corporate Plan  for the next three years is for the most part solid and uncontroversial. Where it extends beyond the 2020 plan is in a long section on value for money which I have quoted in full below. The … Continue reading

Posted in pensions | Tagged , , , , , , | 2 Comments

An afternoon asking about “value” and “money”

Joni Mitchell’s famous line tells a truth. When it comes to pensions, most people have no idea of the value of their pension rights, which is why DB was taken away from us. DB has gone, they paved paradise and … Continue reading

Posted in pensions | Tagged , , , , | 1 Comment

ClearGlass’ offer to small DB schemes… use it now!

I am really pleased to see Clear Glass offering help to small DB schemes at a cost any scheme can afford! For a time , I worked with small DB schemes and recognize that every penny counts in meeting their … Continue reading

Posted in pensions | Tagged , , , | 1 Comment