by cffadmin | Jan 9, 2018 | Uncategorized
The Pension’s industry should hold its head in shame over the way part of the industry behaved with the British Steel pensioners at Port Talbot. The industry needs to change – it was not just a few advisers. The whole industry owes a duty of care to the...
by cffadmin | Dec 9, 2017 | Uncategorized
How true is it of companies and more crucially management? A great case study may be Provident Financial (PF) from 2005 to 2017. 2005 YesCarCredit shut down at a cost of £141M due to heavy credit losses. 2012 BBC Panorama alleges that PF were breaching OFT guidelines...
by cffadmin | Dec 9, 2017 | Uncategorized
Provident Financial – Another Payment Protection Insurance Scandal? After the great PPI scandal, the last thing one would expect is for a UK bank to be subject to an FCA investigation on providing payment protection “insurance”. But, this appears to be...
by cffadmin | Dec 9, 2017 | Uncategorized
The DWP and FCA have issued a report on progress in reducing costs to below 1% in legacy workplace pensions. This has been an effective but slow process. These excess charges reduce the value of people’s final pension. There is still 16% of AuM in contract-based...
by cffadmin | Nov 25, 2017 | Uncategorized
Reading this weekend’s papers, they are full of speculation of possible changes to the pension saving regime encouraging people to think about taking appropriate action before the statement. This is good advice for some – but needs to be coupled with the...
by cffadmin | Nov 9, 2017 | Uncategorized
Well respected names in the pension industry routinely live off their reputations and charge rip off fees for Index trackers. A quick survey of 50 funds on Trust Net revealed that while most funds did not charge rip off fees, there are exceptions. In the worst cases...
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