FCA chair resigns
The chair of the Financial Conduct Authority, Charles Randell, will leave his position in Spring 2022, a year before the end of his appointed term. Randell, who has held this post since...
Politics
Sam Brodbeck: Let’s make state pension flexible
Despite writing about personal finances and pensions for nearly a decade I’m not immune from the odd moment of realisation. My most recent Damascene conversion was around the state pension and when...
ABI calls for Govt to simplify plans to raise minimum pension age
The pensions industry has given a stark warning to politicians that current plans to increase the age at which people can access their retirement funds will “bake in complexity” to pension rules...
PLSA updates retirement living standards in response to pandemic
More money for eating out, a higher personal grooming budget, and the inclusion of a Netflix subscription have now been included within the Pensions and Lifetime Savings Association’s retirement living standards. These...
Seven out of 10 DB schemes failing to address climate change
Large DB pension schemes are lagging the DC pension sector when it comes to addressing climate change, with more than seven out of 10 schemes failing to set ‘robust’ net zero targets...
Corporate Adviser Summit 2021: DWP – focus on cost causing ‘market failure’ in master trust sector
The government has two over-riding priorities for the occupational DC market in the year ahead: encouraging more investment into ‘productive finance’, and accelerating consolidation, particularly among smaller pension schemes. Speaking at the...
Corporate Adviser Summit 2021: Regulators could pave way for simplified advice model
A new simplified advice option could be available within two to three years, with regulators and government looking at options to plug the advice gap for financial services. Speaking at the Corporate...
Corporate Adviser Summit 2021: Biggest fall in bond returns for 40 years
During 2021 there has been the largest drawdown in total returns on long-dated US treasury bonds in the last 40 years. Talking to the Corporate Adviser Summit, Aviva Investors head of investment...
Pensions minister recommits to 2017 automatic enrolment review proposals
The pensions minister, Guy Opperman MP, has emphasised the Department for Work and Pensions’ commitment to the 2017 automatic enrolment review proposals that are due to be implemented by the mid-2020s. The...
Taskforce recommendations to boost pension schemes’ voting policy
The Taskforce on Pension Scheme Voting Implementation (TPSVI) has made 24 recommendations to improve both the frequency and quality of company votes made by occupational pension schemes. This comprehensive report outlines the...
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