The six tricks putting 5 million pension savers at risk
Incentives such as cold calls, exotic investments and early access to cash are putting 5 million pension savers at risk of fraud says the FCA and The Pensions Regulator. The regulators say...
Incentives such as cold calls, exotic investments and early access to cash are putting 5 million pension savers at risk of fraud says the FCA and The Pensions Regulator. The regulators say...
The Treasury is reviewing the impact of the tapered annual allowance for public sector workers, prompting calls for its abolition for all sectors. In a bid to address the crisis in waiting...
Few people would argue that the primary determinant of how much a saver will get out of their workplace pension is actually how much they put in. While much valuable work has...
Industry-Wide Defined Contribution Section, the DC master trust of the Railways Pension Scheme, is the latest scheme to receive authorisation, TPR has confirmed. The announcement brings the number of authorised schemes to...
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...
Retirement savings products should facilitate penalty-free saving for a house deposit as well as pension says the Association of Consulting Actuaries (ACA). Writing its response to the FCA Discussion paper on Intergenerational...
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...