It’s not controversial to say a key regulatory objective is to encourage consumers to shop around for financial services products. As well as driving competition, it also ensures the customer gets the...
Diversity for trustee boards has been on the Pensions Regulator’s (TPR) agenda for quite some time. There is now more focus for trustee boards to become more diverse and representative of their...
The Pensions Regulator has published a consultation on its proposals to revise the defined benefit funding code. The first stage of this consultation is seeking views on both the new 'twin track'...
Advisers have called on the government to provide urgent clarification on equalising guaranteed minimum pensions in order to address concerns by trustees and sponsoring companies. HMRC has recently published guidance about this...
The Government has published further guidance on how pension schemes should deal with the equalisation of Guaranteed Minimum Pensions (GMP). This follows a high court ruling that schemes must equalise these benefits...
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...
