The DWP consultation Better Workplace Pensions: A Consultation on Charging, argues that schemes set up prior to September 2013 when the ban was put in place should also be unravelled. Since September...
Opening its 2013 Asset Management Conference today, FCA chief executive Martin Wheatley will call for greater transparency in the asset management sector, and is demanding a frank and open discussion on how...
The other two options are a higher charge cap of 1 per cent of funds under management or a lower charge cap of 0.75 per cent. The government says charges will encompass...
In the same debate, which is currently ongoing, Labour pension shadow Gregg McClymont will call for an inquiry into hidden charges in pensions and the funds in which they invest, that will...
Labour pension shadow Gregg McClymont’s amendment would ensure that all auto-enrolment scheme members enjoy the benefit of a shopping around broking service to help them find the best deal. Other amendments to...
The two year short service refunds currently available to occupational schemes are to be banned from 2014. This latest concession will mean occupational schemes will have broadly the same flexibility around refunds...
Both Nest CIO, Mark Fawcett andChris Sier of Stonefish Consulting pledged to offer their investment fee knowledge with advisers during a panel debate on DC investment strategies. When asked by Neil Latham...
He said global custodians are charging pension funds an average of 0.9 basis points for their services, when the real cost in 20 bps, he said. “On a £1bn fund, the fee...
Steve Webb’s pot follows member plan to aggregate small pension pots has received a lukewarm response from the industry, with little consensus across the industry. Aziz said that without engaged consumers, the...
“We think there’s been a bit too much happening, which creates complexity for business. Sometimes it feels that legislation is being rushed and without evidence of the benefits,” Tochtermann said. She said...
