IGC
Engage now on investment pathways to avoid February stand-off, IGCs warned
Providers are failing to engage early with their independent governance committees (IGCs) over the rollout of investment pathways despite the looming 1 February deadline, they have been warned.
Vanguard appoints IGC to oversee personal pension investment pathways
Vanguard has appointed an independent governance committee (IGC) to oversee the implementation of investment pathways for non-advised self-investment personal pension (SIPP) drawdown users.
Hargreaves Lansdown appoints three IGC members
Hargreaves Lansdown has appointed three new members to its independent governance committee (IGC).
EValue launches investment pathway solutions
EValue has launched a range of investment pathway solutions ahead of the implementation deadline next February.
FCA launches workplace pensions value for money consultation
The Financial Conduct Authority (FCA) will bring forward proposals designed to promote value for money for workplace pension schemes members, a consultation paper says.
Aegon unveils latest IGC report
Aegon’s independent governance committee (IGC) has unveiled its latest annual report – highlighting general good value for money but some concerns over investment and communications.
Scottish Widows publishes IGC report
Scottish Widows’ independent governance committee (IGC) has published its annual chairman’s report – giving the provider a good value for money rating for its modern products but suggesting improvements, particularly for the firm’s legacy offerings.
Standard Life and Zurich unveil IGC reports
Standard Life and Zurich have published their latest independent governance committee (IGC) reports – posting overall green and amber value-for-money assessments respectively.
Royal London IGC investment rating smashes 2019 targets
Royal London’s independent governance committee (IGC) report revealed investment performance for all workplace pension customers in 2019 was above its target.
TPR master trust head quits to join LGIM
The Pensions Regulator’s head of master trust authorisation Kim Brown has left the watchdog to join Legal & General Investment Management and run the L&G Mastertrust and its IGC.
Should there be a single definition of value for money?
An agreed definition of value for money would make it easier for members to compare pensions, but it could be difficult as schemes are so different, writes Kim Kaveh.
FCA Pension Plan slashes deficit by 28%
The deficit in the Financial Conduct Authority's (FCA) defined benefit (DB) scheme fell by £32.3m over the course of the year to 31 March this year, the watchdog has revealed.
So what's your value for money?
Henry Tapper shares his thoughts on how IGCs could provide value for money statements that people wanted to read
Have IGCs improved value for money in contract-based pensions?
A fourth round of IGC reports has emerged and they are looking quite different to last year following regulatory change. Kim Kaveh looks at the key findings.
Aegon IGC reports 'no specific cause for concern' over cost reporting using FCA slippage method
Aegon's independent governance committee (IGC) has said that overall, it has had "no specific cause for concern" over transaction cost reporting.
Underperformance causes drop in Royal London IGC's investment rating
Royal London's independent governance committee (IGC) has downgraded its rating for appropriate investment returns after all default funds caused a fall in pot values.
Five stories you may have missed this week
This week's top stories included an accountant admitting fraud and making employer-related investments in the latest criminal prosecution pursued by The Pensions Regulator.
Segars becomes member of L&G's IGC
Legal and General (L&G) has appointed Joanne Segars as a member of its independent governance committee (IGC).
Steve Goddard: Why the 'dartboard drawdown' option must be removed
Savers face a huge number of options at-retirement. Steve Goddard believes this 'dartboard of choice' should be take away and an additional layer of trustee governance is needed to protect members in the deculmulation phase
Transparency failings blamed on 'operationally inefficient' industry
The WPC's cost and transparency inquiry reveals it is impossible to know exactly how much consumers and trustees are paying in charges. Victoria Ticha takes a closer look
Five stories you may have missed this week
This week's top stories included an article on how the government will have to justify proposed changes to the state pension age after a Prospect petition secured over 12,000 signatures.
Aviva shifts to fully independent IGC; Colin Richardson takes over as chair
Aviva has announced a raft of changes to its independent governance committee (IGC) in a bid to make the body fully independent and also include member representation for the first time.
Two-thirds of AE providers 'have no policy to prevent chemical weapon investments', says research
Six out of nine automatic enrolment (AE) providers have no policy to prevent investments in companies that profit from chemical and biological weapons, according to analysis by ShareAction.
Ex-FCA advice director Linda Woodall joins Aegon
Former Financial Conduct Authority (FCA) life insurance and financial advice director Linda Woodall has been appointed to Aegon's independent governance committee (IGC).
