The Government will look to introduce new legalisation, to put a wider definition of trustees' fiduciary duty onto a statutory footing. This announcement was made by the pensions minister Torsten Bell in...
ESG ratings agencies will be regulated by the FCA, as it seeks to increase transparency and reduce conflicts of interest in this area. The regulator said it had come across a number...
The future of ESG within the pension industry is “genuinely in doubt” due to a political backlash in the US, according to former pensions minister and consultant Guy Opperman. This stark warning...
The finances of the UK’s largest insurers should remain resilient in the event of severe market shocks, according to the Bank of England’s latest stress test. This life insurance stress test (LIST...
A redesigned CDC model, which offers collective drawdown, could deliver 75 per cent more in retirement outcomes, when compared to an annuity, according to PPI research. These figures were in a new...
Opinion is split among the public as to whether people should be able to use pension funds to help them get onto the housing ladder, with scepticism this would create further problems...
HMRC has now repaid more than £1.5bn to people who have been overtaxed on pension withdrawals since Pension Freedom rules were introduced. In total pension savers reclaimed £48.5m in the third quarter...
The Department of Work & Pensions has published its consultation document on retirement-only CDC, setting out how these proposed new pension arrangements might work in practice. It is seeking views from trustees,...
The Government has finalised regulations for multi-employer collective defined contribution schemes (CDC) and will consult on retirement-only CDC. This new regulations will be laid before Parliament tomorrow, with the consultation being launched...
One in six UK businesses could face insolvency if the government raises employer auto-enrolment pension contributions, according to research from Barnett Waddingham. Such a move could also lead to further disruption in...
