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 FCA has published final rules, guidance and feedback on the Retirement Outcomes Review consultation CP19/5, requiring drawdown providers to offer non-advised customers investment pathways. The new rules and guidance come into...
Corporate Adviser’s Master Trust & GPP Defaults report has prompted a written parliamentary question, with Labour’s Angela Eagle MP asking the government whether it plans to water down the pension charge cap. The...
Aviva has seen a 50 per cent increase in enquiries from unbundled workplace pension schemes considering moving to a bundled provider. The provider says that unbundled to bundled enquiries are up by...
Three quarters of employers want to see the removal of the £10,000 earnings trigger, which excludes millions of low paid and part-time workers, a majority of which are women, from auto-enrolment, according...
The Pensions Regulator has launched a new online tool, designed to help employers re-enrol their staff into a workplace pension more quickly. This launch comes as thousands of small and micro employers...
Aegon is critical of FCA plans to extend the role of IGCs in relation to the new investment pathways. The pension provider says it does not think IGCs should have an “executive” role...
Almost half of UK employees expect to work beyond the age of 65, but it is fear of declining health, rather than a lack of funds that is keeping them in the...
Mercer is the latest master trust to receive authorisation from The Pensions Regulator. This brings the total number of authorised master trusts to 11, with up to 30 applications still pending. Other authorised...
The income gap between the wealthiest and poorest pension is growing, with those in the top pension income band now having an average weekly income of almost £1,000. The latest government figures...
