30 firms exit DB transfer advice
More than 30 financial advice firms have stopped offering pension transfer advice in just three months because of the cost of professional indemnity cover, according to the Personal Finance Society. The Personal...
DB
FCA “scammers’ charter” puts trustees and consumers at risk says former minister
Former pension minister Baroness Altmann has described the FCA’s overhaul of the Financial Services Register as a “scammer’s charter”, accusing it of diminishing consumer protection and making it harder for trustees to...
Pension Schemes Bill reintroduced to Parliament
The new Pension Schemes Bill will be published today, after being introduced to the House of Lords yesterday. This bill — which was included in the recent Queen’s Speech — contains legislation...
Hymans Robertson negotiates innovative longevity swap
Hymans Robertson has advised on a £800m longevity swap for a FTSE100 pension scheme. Hymans Robertson said that it has negotiated the first “enhanced pass through structure” with Zurich, with the majority...
Growing number of schemes offer at-retirement advice options
More than a third (34 per cent) of trustees are taking steps to ensure members get professional financial advice at retirement, according to new research. Pensions consultancy Hymans Robertson says this is...
Mercer predicts sharp rise in DB bulk buy-outs
A fourfold increase in the number of defined benefit bulk buy outs is expected over the next decade, according to latest industry figures. Mercer points out that by the end of this...
Government plans to pay doctors’ pension tax criticised
Insurers have criticised government plans to address the problems with the taxation of NHS pensions, as a temporary ‘Elastoplast’, which fails to tackle underlying complexities within the pension system. There has been...
Govt found guilty of maladministration over GMP state pension impact
Pensioners barred from inflation protection worth more than £20,000 under the new state pension have won a victory over the Government after the Parliamentary Ombudsman found it guilty of maladministration. The Parliamentary...
Grant Stobart: On the acquisition trail Q&A
2019 has been a very busy year for Broadstone, with four acquisitions so far. Will we see as many deals next year? It is a bit like London buses. We didn’t expect...
PLSA calls for next government to increase AE contributions
The Pensions and Lifetime Savings Association (PLSA) has called for the next government to target increased contributions into workplace pension to improve retirement outcomes. It says it wants to see all parties...
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