LEBC Group has agreed with the FCA to stop advising on transfers out of defined benefit schemes, raising questions over adviser capacity to implement transfer exercises. A statement from LEBC says it...
Defined benefit transfer values reached a record high in August, and are now 10 per cent higher than a year ago, according to the latest figures from XPS Transfer Watch. With the...
Financial firms typically invest twice as much money into employees’ pension, when compared to other industries according to new research. The study - by Profile Pensions - looked at average employer contribution...
Defined benefit (DB) liability management has grown considerably in the last decade. Enhanced transfer values have stolen most of the headlines – mainly regarding whether DB transfers are in the interest of...
The Government is “complacent” about cost transparency failings in pensions industry and funds should be obliged to disclose costs in a uniform template, according to a report from the Work and Pensions...
The Personal Finance Society (PFS) has warned that the FCA’s pension transfer advice cost template, set out in Annex 1 of its consultation, could mislead consumers. As part of its consultation paper...
The Financial Conduct Authority (FCA) has set out plans to ban advisers charging based on a positive recommendation to transfer out of a defined benefit scheme. The decision to prohibit ‘contingent charging’ comes in...
The Government has confirmed it will review all public sector pension schemes after a Supreme Court ruling that changes made to the firefighter’s pension in 2015 were discriminatory to younger workers. Government...
Consultancy and administration firm Buck has launched a new digital assessment app for DB schemes trustees and company sponsors. This application will give access to a range of information on how a...
Aon has published an interactive guide for pension schemes and trustees, examining the various defined benefit consolidation options. The paper Defined Benefit Consolidation: what are your opportunities? looks at the various commercial...
