Pension freedoms could lead to another major financial scandal, thanks to a dearth of advice on retirement options, coupled with a lack of innovation from the pensions industry. This was the conclusion...
The Government has launched a new ‘breathing space’ initiative, designed to help those struggling with problem debts and mental health issues. This initiative will see individuals given a 60-day breathing space, where...
The Financial Conduct Authority has announced it will take further action after finding a “concerning” number of advisers recommending transfers out of defined benefit pension schemes. In some cases it said firms...
The Chartered Insurance Institute is calling for insurers to tackle gender bias within their artificial intelligence (AI) algorithms. Many insurers now use this AI technology within their claims, underwriting and marketing processes. However...
The Pension Scams Industry Group has published a revised code of good practice for trustees, providers and administrators in a bid to combat this growing problem. This new set of voluntary guidelines...
Ascot Lloyd is the latest master trust provider to confirm that it is exiting the sector. The provider confirmed that it will be winding down the scheme. It said trustees are at...
The new Cost Transparency Initiative - designed to make it easier for pension schemes to compare fund charges - has launched its first set of machine-readable standardised cost templates. These new templates...
The Pension Regulator has announced a new crackdown on employers who are flouting their auto enrolment pension duties. Those suspected of breaking the law will be targeted with short notice inspections. TPR...
Fiduciary managers have failed to deliver returns for pension schemes over the past year, in what has proved to be difficult market conditions, according to a new report. In a new report...
The Pension Advice Taskforce has launched a new voluntary code of practice for financial advisers looking to transfer DB pensions. This Gold Standard code is based around a set of nine principles,...
