HAVE YOU LOST A FORTUNE TO ROMANCE SCAM, CRYPTOCURRENCY INVESTMENT FRAUDSTERS, PIG BUTCHERING HOAX, PHISHING LINKS & ET CETERA ?…
My personal situation is that case study, with one employer offering pension contributions themselves plus salary sacrifice for mine and…
It is revealing when the independent commentators take a strong side. And thenk you for this helpful perspective.
I cannot imagine there are many 75 year olds who see using an occupational or workplace pension as a way…
Tag Archives: VFM
Arsenal v Chelsea – what matters tonight is the result.
Tonight we have an FA Cup final. It may or may not be a great game but that’s not what Chelsea and Arsenal fans are worried about, they are worried about the score! The score will create an outcome, the … Continue reading
How can pensions be giving savers VFM but not be dashboard ready?
Outcomes for dough, portals for show! Over the weekend, I’ve been thinking about how I can judge the quality of service I receive from my pension provider. As a consumer there are a number of things I would like … Continue reading
Posted in customer service, Dashboard, dc pensions, pensions
Tagged AgeWage, Dashboards, Data, pension dashboards, Value for Money, VFM
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How can you test the “quality of service” you’re getting from your pensions?
“Value for money is more than just an analysis of cost” – we are told “Value for money is more than just an analysis of the money paid” – we are told “Value for money is also about ‘quality of … Continue reading
Posted in advice gap, age wage, pensions
Tagged FCA, pensions, Quality of service, Sandbox, Value for Money, VFM
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Bench marking will challenge IGCs and raise their game!
This blog is a follow up to my piece which asks whether the FCA has let the IGCs off with impunity. The FCA has chosen not to publicly humiliate failing IGCs but to give them clear guidance for the future. … Continue reading
Have IGC’s let savers down with impunity?
When it all began Back in 2015 , when the IGC chairs first met, I wrote a blog critical of IGC Chairs and their advisers who seemed to be publicly questioning the purpose behind Independent Governance Committees. You can read … Continue reading
AgeWage and Pension Bee call for Dashboards to tell us what we’re paying for our pensions.
Yesterday the Money and Pensions Service opened a consultation on Pensions Dashboards’ data standards, seeking industry-wide input on the definition and scope of the information dashboards will display. The call for input seeks views on: the personal data items … Continue reading
For workplace pensions value for money means……..
One of the questions in the FCA’s consultation on value for money is whether its definition is ok or whether we can find a better one. This is our definition Pension value for money’s measured by the amount … Continue reading
Posted in pensions, Value for Money
Tagged Costs and charges, FCA, IGC, Money, Service, value, Value for Money, VFM
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The FCA’s new approach to Pension Value for Money
The Backstory Back in 2014, with the excoriating OFT report fresh to mind, the FCA made a deal with the insurers not to refer the insurers to the Competition and Markets Authority in return for those insurers operating workplace pensions … Continue reading
Posted in advice gap, pensions
Tagged employer, FCA, GAA, GPP, IGC, Value for Money, VFM
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Are employers able to “know their workplace pension”?
Are employers the provider’s clients? In financial services, the client is the entity that takes the decisions on where the money goes. Whether we define “money” as “pension contributions” or “fees paid”, the employer is seen as the client. It … Continue reading
Posted in advice gap, age wage, pensions
Tagged AgeWage, FCA, GPP, master trust, pensions, Tesco, Value for Money, VFM
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“What do people want?” – a question for IGCs
The saddest statement I heard last year was from an adviser who told a room “we have given up reporting on outcomes, outcomes always disappoint”. It is not just IFA’s who don’t like to report on the outcomes of … Continue reading
The value of adviser in terms of outcomes is well documented and quantified The ignorance displayed in this blog hopefully…