The Prudential Regulatory Authority (PRA) is proposing to use post Brexit freedoms to further reform solvency regulations, in order to help life insurers invest more in the UK economy. This is part...
Confusion over the lifetime allowance (LTA) is generating more questions from advisers than any other topic at present. Royal London’s technical team reviewed the queries it received following training sessions and webinars...
The Financial Conduct Authority wants financial firms to set diversity and inclusion goals and report annually against these targets. These proposals are contained in a new regulatory framework on diversity and inclusion...
The number of cybersecurity breaches for UK financial services firms have tripled in the last two years, with the highest number of breaches being reported within the pensions sector. A report from...
Trustees of DB schemes will now have free access to range of communication tools regarding GMP equalisations. This communication toolkit has been put together by a consortium of some of the UK’s...
The Pensions Extension of Automatic Enrolment Bill received Royal Assent this morning, a day after passing through the House of Lords following its third reading. The bill will amend the Pensions Act...
Advisers want certainty on pensions taxation, and this is seen as more of a political priority than recent consultants on range of retirement issues: from eradicating small pots, improving support for retirement...
The number of pension scams has declined significantly, following government action to ban cold calls and boost the powers of trustees to stop suspicious transactions. Research by Broadstone has found only 7...
The Pensions Regulator and Department for Work and Pensions need to “resolve inconsistencies” between the new DB code and the regulation underpinning it to avoid “negative consequences” for schemes and their members....
Pension companies are calling for a cross-party ‘grand implementation plan' to ensure wide-reaching reforms, currently being proposed, are introduced in managed stages over the next decade. A host of DWP consultations close...
