The Financial Conduct Authority’s proposed ‘polluter pays’ regulations could lead to far fewer firms offering advice on on defined benefit transfers. Actuarial consultants OAC, part of the Broadstone Group, pointed out that...
Trustees looking for a future DB buyout need to prioritise data quality and administration with insurers now in a stronger financial position and looking to cherry pick the schemes that are most...
The government has issued the new Finance Bill which contains provisions to formally abolish the lifetime allowance (LTA) on pensions. The abolition of this LTA was initially included in last year’s Spring...
More than one in three (37 per cent) of advisory firms have changed their fee structure as a result of completing the new Consumer Duty ‘fair value’ exercise. Research by Royal London...
Clara-Pensions has taken on its first scheme, with the transfer of the £600m Sears Retail Pension Scheme. This is the first time a DB scheme has transferred into a so-called superfund. Clara-Pensions...
With echoes of St Augustine of Hippo, current government and regulatory thinking on giving the FCA full oversight of pension and investment consultants, appears to be a case of ‘let them be...
The Financial Services Compensation Scheme (FSCS) has appointed Martyn Beauchamp to be its interim CEO. Beauchamp, who will also join the board as an executive director, will start immediately in this new...
The insurance industry has made “good progress” on improving board diversity and setting targets on neurodiversity, but progress on increasing the number of apprenticeships has “stalled”. These were the conclusion of a...
Group Risk Development updated its statement of best practice for supplier agreements in response to an increasing number of employers devising their own contracts. Grid says it has seen more employers proposing...
Concerned have been raised about insurers' capacity to manage defined benefit assets in future, with Mick McAteer, co-director of the Financial Inclusion Centre calling for a “full investigation” into this issue. Speaking...
