The FCA’s proposals on a new consumer duty come after several years of debate and deliberation. It stops short of imposing a fiduciary duty on financial services firms, but certainly raises expectations...
The industry should be confident that productive finance proposals designed to get DC schemes investing in less liquid assets will happen, unlike some other planned reforms of the pension industry. Alan Mankikar,...
Each year pension savers are losing an estimated £700m by taking tax free cash too early, according to the latest research from LGIM. This is 300 times more a year than the...
The Pensions Regulator urged consultants and providers to respond to its current discussion paper on how the DC sector can deliver and measure value for money for members. Speaking at Corporate Adviser’s...
I think my employment record, and therefore my pension saving, is fairly typical for someone my age. I’m in my mid forties and was at my first job for three years. Pay...
At-retirement functionality is extremely varied and decumulation product innovation and support is in its infancy, a report from Corporate Adviser Intelligence into workplace pension providers reveals. (DOWNLOAD THE REPORT HERE). The report...
The Chancellor’s announcement of an increase in the charge cap for auto-enrolment pension schemes, above the current 0.75 per cent level, has been well-trailed. The intention to encourage more pension money to...
The Chancellor has announced plans to address the ‘net pay anomaly’ which has seen many low-paid workers miss out on tax relief on their workplace pension contributions. However, pension experts have criticised...
Chancellor Rishi Sunak has announced a consultation on reforming the charge cap on DC workplace pensions in today’s Budget. This charge cap is currently set at 0.75 per cent. In his budget...
Pensions dashboards are on target to launch in 2023, according to the latest progress report. The Pension Dashboard Programme (PDP) confirmed that the main focus of its work over the past six...
