Industry row over FCA ban on contingent charging
The Financial Conduct Authority will ban contingent charging on DB pension transfers in the vast majority of cases. This is the main plank of a part of a package of measures announced...
The Financial Conduct Authority will ban contingent charging on DB pension transfers in the vast majority of cases. This is the main plank of a part of a package of measures announced...
Over the last few weeks, calls have been made for us to rethink or abandon the first consultation on our draft DB funding code. The arguments are that it was written in...
The Pensions Regulator has warned trustees they must prioritise transfers between DC schemes during the Covid-19 pandemic. In an update to its Covid-19 guidance, the regulator also emphasised the role trustees have...
Support is declining among pension schemes for The Pension Regulators new Code of Practice, according to research Aon. The professional services firm says that support has notably waned during the consultation period...
The consumer group Which? has launched a new scam alert service, aimed at preventing criminals cashing in on the coronavirus crisis. Those signing up to the service will receive warning about the...
The Covid crash was the test that pension funds didn’t want – at least not yet. It has proved an examination of the pensions sector on so many levels. Most fundamentally it has...
The FCA has confirmed it is reconsidering implementing set investment pathways for investors going into drawdown, in the wake of the Covid crisis and subsequent market turmoil. In a letter to chief...
Litigation may well represent one of the more dramatic and unwelcome challenges for a pension fund, its trustees and or its sponsoring employer, but being sued by members for failing to deliver on...
The three main regulatory bodies have joined forces to issue a statement urging investors to remain calm, and avoid making ‘rushed’ financial decision in response to the Covid crisis. The Pensions Regulator...
Corporate advisers and trustees could face legal challenges from members in the months ahead as a result of more flexible guidance from the regulator in response to the Covid-19 crisis. New guidance...