Latest articles from Angus Peters

FCA market study: All-in fee might not be all-in cure

The consultation stage of the Financial Conduct Authority’s market review of the asset management industry closed last week, with experts welcoming the boost to transparency but remaining reticent over proposals for an all-in fee structure.

LPFA feels divestment pressure

The London Pensions Fund Authority is under pressure from London Mayor Sadiq Khan to divest entirely from fossil fuel holdings, but says it prefers working with companies and fund managers over divesting.

Pru exit doesn't signal death of annuities... yet

Angus Peters

From the blog: Insurance giant Prudential is leaving the UK annuity market, but analysis of ‘at retirement’ product offerings show that guaranteed income still has a significant role in the post-freedom and choice savings world.

 

As the UK’s largest insurer by market capitalisation, it is tempting to read the company’s exit as a sign of the death of annuities, brought about by a trifecta of low interest rates, poor value for money and consumers flocking to take advantage of new freedoms.

 

Indeed investment consultants will often recommend retaining equity exposure in default funds for older savers, in recognition of the fact that many leave some money invested after first drawing a pension.

 

Click here to read the full blog post

Industry accuses Treasury of lack of data to justify £4k MPAA

Getty Images

HM Treasury’s consultation on reducing the money purchase annual allowance will close on Wednesday, drawing fierce criticism that the policy lacks data to back up its introduction and could unfairly hurt savers.

LGPS unmarried couples discrimination unlawful, Supreme Court rules

Bloomberg

The Supreme Court has ruled that regulations requiring unmarried Local Government Pension Scheme members to nominate a cohabiting partner in order for them to receive a survivor’s pension contravenes the European Convention on Human Rights.

Managers improving stewardship disclosure, but ESG has a way to go

source: Getty Images

Quality of stewardship reports among asset management firms is steadily improving, according to the Financial Reporting Council, but some managers continue to dismiss environmental, social and governance issues.

Thames Ambulance dispute puts comms in the spotlight

A bitter dispute has broken out between Thames Ambulance Service and the GMB union over contributions to two pension schemes, with members feeling confused as to the security of their benefits.

Hollis: Bring invisible women into AE system

The UK’s pension system is failing “invisible women” who do not meet the auto-enrolment earnings threshold and are punished for leaving work to care for children, Labour peer Patricia Hollis has warned.

Isle of Wight's outperformance vindicates active management

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The Isle of Wight Pension Fund’s funding level jumped from 78 per cent to 92 per cent over three years, posting returns that reignite the debate over active and passive fund management.

Calls for greater trustee powers as advisers fail to consider scam risks

Government and regulators have been urged to strengthen the powers of trustee boards in opposing suspicious transfer requests, as an alert from the Financial Conduct Authority warned that some advisers are not carrying out proper due diligence on receiving scheme investments.

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