PLSA appoints new policy board
These new members have been appointed from a range of organisations within the PLSA’s membership. They will have a remit stretching across all PLSA policy work on pensions and lifetime savings. The...
Regulation
One million more people sought financial advice last year: FCA
New FCA research shows a significant upswing in the number of people seeking financial advice on retirement planning. According to the 2018 Financial Advice Market Review, 4.5m sought financial advice on pensions...
Mercer claims CMA report used “flawed data”
Mercer has accused the Competition and Markets Authority of using incorrect data and unrepresentative samples in its recent Investment Consultants Market Investigation. This probe look at consultants offering investment and fiduciary management...
TPR fines triple over past year
Fines issued by The Pensions Regulator have tripled in value over the past 12 months. In total the value of fixed penalty notices was £11.5m during the 2017/18 tax year. This compares...
New focus from insurers on ESG factors
BlackRock’s Global Insurance Report found that 83 per cent of insurers said ESG factors were becoming increasingly important to their firm, with a particular focus on this issue from European firms. A...
TPR finds failings with smaller DC schemes
Many smaller pension schemes are failing to demonstrate they provide good value for members according to new research from The Pensions Regulator. In its annual DC survey, the watchdog found that nine...
CMA targets investment consultants and fiduciary managers with string of reforms
Publishing its provisional decision report, part of its Investment Consultants Market Investigation today, the CMA says that it had found evidence of an adverse effect on competition (AEC) in the field of fiduciary...
Bosses plead guilty to posing as staff to opt out of auto-enrolment
Workchain Ltd owners and directors Phil Tong and Adam Hinkley encouraged five senior staff at the company to get the temporary workers out of the scheme so the company could avoid making...
Titcomb ‘difficult decision’ to step down
Lesley Titcomb, chief executive of The Pension Regulator, who has been targeted with criticism by MPs over the regulator’s handling of BHS and Carillion, is to step down, Titcomb will step down...
FOS data: Sipps now most complained about pension product
FOS’s annual report shows there were 2,051 Sipp complaints in the year 2017/18, up from 1,493 in the previous year. Personal pension plan complaints by contrast fell 38 per cent, down from...
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11pc difference between post-retirement master trust performance – CA Retirement Report
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Calls for pensions to be treated as “matrimonial property” in divorce
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Aegon appoints workplace commercial director
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FCA bans two advisers for pension transfer failings
