There are “major risks” in encouraging schemes to invest in UK productive assets, and the new value for money regulation could create a “herd mentality” among schemes and hamper investment innovation. These...
For the first time more than half of UK pension schemes are under professional or sole trustee arrangements, according to new research. LCP’s fourth annual Professional Trustee survey shows that professional trustees...
The Pensions Regulator has finalised guidance on how trustees can meet their obligations under the new funding code, which effectively comes into force today. The regulator has responded to criticism from the...
Independent Governance Group (IGG) has appointed Louise Davey, currently a director at The Pensions Regulator, to the newly created role of head of policy and external affairs. Davey is currently interim director of...
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...
