Regulation

The economic fallout of Covid-19 could cause serious problems for unbundled DC schemes, thanks to a lack of regulation.  Salvus Master trust has warned of a “ticking time bomb” in the sector,...

 The Covid crisis has led to an increase the number pension savers concerned about the security of DB workplace pension schemes.  Wealth manager Killik & Co has reported a significant jump in...

Vanguard’s head of pensions, Andrew Marker, will replace Tom McPhail as chair of the Star Steering Group, which aims to improve standards on pension transfers.  The steering group is made up of...

The Financial Conduct Authority has launched a consultation on improving value for money on contract-based workplace pensions.  These proposals aim to make it easier for Independent Governance Committees (IGCs) and Governance Advisory...

The head of the London Stock Exchange has been appointed as the new chief executive of the Financial Conduct Authority.  Nikhil Rathi has been appointed for a five year term and will...

Babylon Health, the virtual GP service used by a number of health insurance providers, has admitted it has suffered a data breach.  The breach was identified after a user, who was a...

The number of Covid-19 scams is rising, with losses arising from these frauds now topping £5m. The latest figures from Action Fraud show that there have been over 2,000 cases reported since...

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...