More than 1,000 members of the British Steel Pension Scheme (BSPS) will receive compensation of £49m after being mis-advised to transfer out of the defined benefit scheme. The Financial Conduct Authority confirmed...
Legal & General Group Protection has put together a panel of cross-sector wellbeing experts to form a new advisory board, which will initially focus on post-Covid syndrome. This board includes experts across...
Consultants welcome providers’ and schemes’ pledges to target 50 per cent reductions in the carbon intensity of their investments by 2030, but are divided as to whether they will hit these targets,...
The Pensions Regulator is planning to impose £50,000 fines on firms who fail to fully comply with new dashboard regulations. These large fines were proposed in the regulator's latest consultation on the...
The UK should move from an employer chooses pension model to one where members select their own provider to boost engagement levels and help individuals take more responsibility for their own retirement....
Advisers need to change their business models if they are to attract the next generation of clients, according to a new research from consultants AKG. It found that nine out of 10...
The Financial Services Compensation Scheme will significantly reduce the levy it charges on the advisory sector, due to the falling number of claims against failed firms. The forecast for next year has...
Hymans Robertson has launched a new guide for DB sponsors, designed to stop them ‘sleep-walking’ into a scheme buy out. The interactive guide aims to help corporates understand more about the endgame...
Collective DC (CDC) may become default option at retirement according to a new report for Aon, which predicts these schemes will ‘transform’ the retirement landscape. The investment consultant says that CDC decumulation-only...
Standard Life has appointed DB pension administrator Equiniti to help its grow its bulk purchase annuity (BPA) business. Equiniti will provide full administration of both buy-in and buy-out BPA policies, designed to...
