As I have mentioned in past posts, median tenure of American workers has been less than 5 years for the…
Couldn't agree with you more, Henry. The unthinking suggestion that the need to improve the adequacy of retirement income results…
At the EPFIF Trustee Circle last week, a speaker from a leading investment manager talked about the "gamblification" of the…
I've got six old workplace pots scattered around and honestly the admin of merging them has put me off for…
Tag Archives: VFM
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
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
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
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
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
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
What will lifestyle buy me?
“What will Lifestyle buy me?” is a great question. It’s one posed by a lady in a discussion group I’m a part of – looking at how we measure and use value for money as a measure – in workplace … Continue reading
Pension comparisons need not be invidious.
In two recent posts I took a helicopter view of the new pension legislation that received Royal Assent earlier this month. I look first at how the Pension Schemes Act 2021 will be remembered by pension historians and what it … Continue reading
Workplace pensions – what we pay and why we pay it!
David Hutchins , who is the presiding genius at Alliance Bernstein, a firm whose investment services power many workplace pensions has written a strongly worded piece in the FT that calls on product providers to ensure savers know what they … Continue reading
Posted in accountants, advice gap, age wage
Tagged Alliance Bernstein, david hutchins, Funds, Value for Money, VFM
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Spot on Steven Cameron – VFM needs radical innovation!
I find myself in agreement with Aegon’s Steven Cameron in his position on the FCA’s value for money proposals as reported in Pension Age Steven Cameron, has highlighted concerns with proposed responsibilities for Independent Governance Committees (IGCs) in the Financial … Continue reading
Posted in pensions
Tagged Aegon, Diagnostics, DWP, FCA, Guy Opperman, steven cameron, VFM
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When a youngster in our extended family emigrated he consolidated his DC pensions into just two - easy enough to…