Regulation

The number defined benefit pension scheme transfers has risen by a staggering 567 per cent, since the introduction of pension freedoms. According to the Financial Conduct Authority, in the six months to...

Some final salary transfers have been put on hold after a high court rules that Lloyds Banking Group pension scheme must equalise the Guaranteed Minimum Pensions of men and women.  These GMPs were...

The research, published by the Financial Services Compensation Scheme, says pension providers would see “reputational benefits” from promoting these protection measures more prominently.  The research, undertaken by Populus, found t 29 per...

Launching the consultation, minister for Pensions Guy Opperman says CDC schemes ‘provide more choice and flexibility for scheme members’. The DWP says CDC arrangements ‘lead to more stable pension incomes, at lower...

New research, by law firm Pinsent Masons found 74 per cent of UK corporate pension schemes recognise the potential impact climate change could have on future investments. However, just 5 per cent...

The Department of Work and Pension has clarified that payouts from protection policies - including income protection, critical illness or terminal illness policies - will not impact on means-testing for Universal Credit....

Lifesight, Willis Towers Watson’s DC master trust will allocate around half of its equities into  environmental, social and governance investment strategies. It is understood that this is the first master trust to...

An estimated £6m of pension savers’ money was invested in exotic, high-risk investments which included eucalyptus farms, hotel rooms on an African island and car park bays. The TPR says such investments...

The court overturned an earlier judgement, and ruled that HMRC could impose 40 per cent IHT on pension transfers made by those who know their life expectancy is impaired. Effectively this means...

The Prudential Regulatory Authority will no longer require small UK insurers to have their annual Solvency and Financial Condition Report (SFCR) externally audited. This exemption will benefit all members of the Association...