All Financial Conduct Authority (FCA) articles – Page 13
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OpinionTrustees must go the extra mile for their members on transfers
Trustees are often caught between a rock and a hard place when it comes to defined benefit transfers.
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NewsFCA investment pathway proposals welcomed, but concerns remain
The Financial Conduct Authority’s recent proposals on investment pathways have been widely welcomed, but questions remain over the suitability of ready-made drawdown solutions.
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News
FCA proposes rules on investment pathways
On the go: The Financial Conduct Authority has set out its second proposed package of remedies from its Retirement Outcomes Review, in a consultation on investment pathways, ensuring investment in cash is an active decision, and actual charges information.
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News
BSPS review calls for more guidance for schemes on restructuring
On the go: An independent review of the communications and support provided to steel workers as part of the British Steel Pension Scheme ‘Time to Choose’ exercise has called for better guidance for trustees to help them plan and manage a restructuring.
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NewsBritish Steel review calls for better member support in restructuring
A review of the communications and support provided to steelworkers during the British Steel Pension Scheme ‘Time to Choose’ exercise has called for legislative changes, regulatory collaboration and better guidance for trustees to help them manage a restructuring.
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News
24 companies wound up since 2015 due to pensions misuse
On the go: Since 2015, the Insolvency Service has applied to the courts to wind up 24 companies involved in pensions misuse, according to the government agency.
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News
FCA warns of looming retirement poverty prospect
On the go: Inadequate retirement incomes that do not meet consumers’ expectations remain the central challenge for the pensions industry, according to the Financial Conduct Authority.
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News
Select committee launches inquiry into contingent charging
On the go: The Work and Pensions Committee has launched an inquiry into contingent charges for defined benefit transfer advice.
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News
SFGB opens for business
On the go: The Single Financial Guidance Body launches this week, as three existing providers of government-sponsored financial guidance merge.
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News
FCA examines barriers to investing in patient capital
Experts have welcomed a recently published Financial Conduct Authority consultation, which seeks to address barriers the watchdog's rules may present to investment in patient capital, but concerns remain over the suitability of this type of investment for defined contribution schemes.
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News
CMA upholds competition judgment on consultants and fid mans
On the go: The Competition and Markets Authority has published its final report into investment consultancy and fiduciary management, maintaining its finding of an adverse effect on competition in both sectors.
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OpinionWill DC pensions be the next big litigation target in the UK?
Defined contribution pensions plans overtook defined benefit arrangements by membership numbers in 2013, and are now the type of pension scheme on offer for almost all employees in the private sector.
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News
21% of older workers think they are too savvy to be scammed
A joint regulatory scams awareness campaign has prompted tens of thousands of people to seek information about pension scams, but more than half of 45-65 year olds with a pension still do not think they are likely to be targeted by con artists.
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Features
Should there be an industry-wide methodology for measuring value?
When government boasts about being responsible for pushing almost 10m people into pension saving via auto-enrolment, you can be quite sure they want it to be a success.
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News
Customers satisfied with Pension Wise, but take-up concerns remain
Nine in 10 customers who have had a Pension Wise appointment are satisfied with their experience of the service overall, a recent report has shown, but concerns remain over the take-up of the government-backed guidance service.
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OpinionHelping pension savers make the right decisions
As a regulator, we are sometimes asked how much money should be put aside for a comfortable retirement. We can answer only that 'it depends' – for example on an individual’s needs and expectations, and their other assets.
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OpinionBetter guidance means better retirement decisions
The choices available to savers at retirement have undergone profound changes in recent years. Most agree that giving people access to their own money is a sensible policy, but in doing so we have placed a burden on ordinary people, asking them to make huge decisions that could changes their lives forever.
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News
New group set to bring in more transparency around charges
On the go: An industry group has been set up to work on implementing, promoting and encouraging the use of new cost transparency templates across the pensions and investment industries, with the aim of encouraging more consistent disclosure of costs.
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News
Changes to authorisation affecting some master trusts
Last-minute changes made to the master trust authorisation process by the Pensions Regulator have made it hard for a number of schemes to apply, a senior master trust figure has said.
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OpinionWhat mandatory tendering will mean for your scheme
The Competition and Markets Authority launched an investigation into the investment consultancy and fiduciary management services used by UK pension schemes in September 2017 and identified some issues that impact competition in these markets.