Large employers are increasingly using third parties to review financial advice given on transfers from defined benefit pensions, according to a report in the Financial Times. It found that a number of...
The Financial Conduct Authority - better known for handing out fines for poor financial practices - has incurred a £2,000 penalty itself, for failings relating to its own pension scheme. This fine...
Guy Opperman has been re-appointed as the minister for pensions and financial inclusion, following last week’s general election. Opperman, who was re-elected as the MP for Hexham, Tynedale and Ponteland, in Northumberland,...
The Financial Conduct Authority has confirmed it has not started enforcement procedures against any firms for failings under the Mifid II regime, despite widespread errors being reported. Under a Freedom of Information...
The Pensions Regulator has published new guidance for trustees and corporate advisers, to help them meet new rules on the appointment of fiduciary managers. From December this year trustees will be legally...
Before freedom and choice, the workplace pensions landscape was considerably more predictable than it is today. Employers who offered a defined benefit arrangement would pay their employees a scheme pension on their retirement....
The former head of a charity for the disabled has admitted defrauding the charity’s pension scheme out of more than £250,000. Patrick McLarry, 71, has pleaded guilty to fraud at Salisbury Crown...
The two watchdogs work jointly on the ScamSmart campaign, and warn this latest research shows “overconfidence” can lead to savers missing signs of a scam. Its figures show that despite almost two...
Collective defined contributions schemes could be opened up as an option for master trusts, if the new Pension Schemes Bill becomes law. The Department of Work and Pensions has given further details...
A Pensions Schemes Bill has been included in the Queen’s Speech today, which lays out the legislative plans for the forthcoming parliamentary session. This bill includes legislation to enable the pensions dashboard...
