How this website started
This website started with the observation that dealing costs were not, and still are not included in the stakeholder cap on charges, nor were they included in the cap for CAT standards, although the Treasury said:
"Our CAT standards will get rid of the small print and hidden charges that worry people so much." x
But the government
was encouraging the trustees of occupational pension
schemes to pay attention to these costs.
x x
Therefore it was
discouraging retail investors from looking at dealing
costs, while simultaneously encouraging
occupational pension schemes to do so.
This paradoxical situation has reach a new level
with the unbundling of soft commissions.
x The FSA is
proposing "investor representatives" for the
entire industry which it regulates, to be
concerned especially or entirely
with dealing costs.
Most recently, this website is concerned with the proposal of the Pensions Commission for a National Pension Saving Scheme often referred to as "BritSaver".
1. A nation of pension punters
3. "The root cause of the problems"
4. "A massive strategic policy error"
6. "Building trust in the market"
7. Building trust in trustees and promoting large pension schemes