The Financial Conduct Authority has imposed fines of more than £500,000 on two advisers, and banned them from working in financial services, after they offered flawed advice on DB transfers. As a...
The Chancellor is understood to have delayed the second phase of the pensions review, which was looking at retirement adequacy. The Financial Times reported that Rachel Reeves was concerned this would result...
The Pension Protection Fund is looking to reduce its annual levy to zero, reflecting the improved funding position of many defined benefit schemes. In total the PPF now has reserves of more...
The DC workplace industry has welcomed FCA proposals to introduced targeted support for pensions as a ‘third way’ option between full-fat advice and more generalised guidance. Standard Life retirement savings director Mike...
Pension firms will be able to offer targeted support, offering products or bespoke suggestions to specific cohorts of consumers, under new proposals outlined by the Financial Conduct Authority. These proposals are the...
Leading professional trustee firms have formed a new Trustee Sustainability Working Group (TSWG). The group seeks to improve stewardship practices across the industry, through engagement with fund managers and investee companies, while...
Investment platform provider Tillit is the latest company to call for the government ro raise minimum AE contributions to avoid a “looming retirement crisis”. The company points out that forthcoming pension reforms...
Nine out of 10 employers want a better understanding of the risk profile of the health and wellbeing of their employees, according to new research. The study by Towergate Employee Benefits found...
Almost eight out of 10 (77 per cent) of SMEs are planning to revamp their employee benefits packages in a bid to win and retain talent and address growing problems around employee...
Rachel Reeves’ Mansion House Speech, and the interim report of the Pensions Investment Review, talk about the proposed consolidation reforms taking effect from ‘2030 at the earliest’. But their impact is being...
