The Financial Conduct Authority (FCA) has imposed a £590,544 fine and banned two financial advisers and two partners from St Martin’s Partners LLP (SMP). It was found that between October 2015 and July...
The Pensions Regulator has updated it compliance and enforcement policy in relation the pensions dashboard. It is urging trustees to “act now” to ensure schemes remain fully compliant with these new rules,...
The FCA is launching a review into the operation of the pure protection market over concerns at unnecessary switching and loaded commissions. It will also examine whether products provide fair value for...
Pension schemes driving global warming and nature loss don’t offer ‘Value for Money’ argues Huw Davies senior finance adviser of campaign group, Make My Money Matter. ‘Value’ is a subjective term which...
Savers reclaimed £57 million in overtaxation on pension withdrawals in the second quarter of this year. Many people accessing their pension for the first time continue to charged too much tax on...
The Financial Conduct Authority has launched a ‘call for input’ on its own rules, with the aim of simplifying the current raft of regulations, reducing costs and paperwork for firms, and helping support...
James Shattock, Managing Director, Legal & General Retail looks at the benefits of pooled risk and offering employee benefits that include people with a pre-existing condition or medical history. Employers are tasked...
Smart Pension is calling for ministers to prioritise expanding auto enrolment and to speed up the implementation of the pensions dashboard as they look to reform the UK pensions system. These demands...
The industry has welcomed the speed at which the government’s pensions review is being implemented, saying its two-stage approach should lead to faster industry reforms. The pensions minister Emma Reynolds is expected...
A new pension schemes bill has unexpectedly been included in today’s King’s Speech, which opens the new session of Parliament. This speech sets out the legislative agenda of the new Labour government....
