All Financial Conduct Authority (FCA) articles – Page 17
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News
Field urges FCA to cast net wider on transfer advice
The Work and Pensions Committee has urged regulators “to get their houses in order now” to protect pension scheme members from another mis-selling scandal.
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NewsVirgin Money introduces financial wellbeing portal for employees
Virgin Money has introduced a financial wellbeing portal to help employees think differently about their relationship with their own money, including retirement savings.
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News
IDWG chair calls for reform by April
PLSA Investment Conference 2018: Chris Sier, chair of the Financial Conduct Authority’s Institutional Disclosure Working Group, has called for the introduction of reforms promoting asset management transparency by the beginning of April.
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News
Cold-call ban needs hefty fines to work, experts say
The government's decision to speed up its ban on cold calls and emails related to pensions must be supported by credible regulations and deterrent fines if consumers are to be protected, industry commentators have said.
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OpinionCost disclosure is only valuable if you know how to use it
Bond and equity returns over the past 30 years have exceeded long-term averages and are widely regarded as unsustainable. As investment costs take a bigger slice of the return ‘cake’ when returns are low, it is unsurprising that investor attention is turning to cost.
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OpinionIs this the first step towards a single regulator?
The guardians of the pensions gates, the Financial Conduct Authority and the Pensions Regulator, are creating a new regulatory strategy that will lay out how the two bodies plan to work together to tackle key risks facing the pensions industry.
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News
MPs probe pension funds on climate risk amid wider ESG push
MPs are probing pension funds on their approach to climate change risk, as experts expect a ‘multi-pronged attack’ to push environmental concerns higher up trustee agendas.
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NewsRegulation could increase after Brexit, experts say
Brexit could lead to more rather than less pensions regulation, while radical revisions to tax relief might be needed to keep low earners enrolled in the pensions system, according to a panel of policy experts.
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Opinion
Pensions industry still behind on gender pay gap
Analysis: The pensions industry is slowly publishing its gender pay gap data, and it does not make for pleasant reading.
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News
IGC reporting fails to identify value for money
Independent governance committees are failing to adequately report the value for money represented by their respective providers, according to a new report ranking the committees on scrutiny and transparency.
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NewsSelect committee: Members let down by response to British Steel
The Pensions Regulator, Financial Conduct Authority and the UK government have all let down former members of the British Steel Pension Scheme, according to a scathing report into the scheme’s restructuring and ensuing transfers scandal.
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News
TPR and FCA to launch joint pensions strategy
The Pensions Regulator and the Financial Conduct Authority are to develop a joint regulatory strategy for the pensions sector, identifying and addressing the key risks for the industry over the next five to 10 years.
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OpinionCampaign for greater transparency is critical to proper governance
From January 3, asset managers have been required to provide details of transaction costs when requested to do so by trustees or independent governance committees.
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OpinionKeep things simple when communicating costs and charges
The Financial Conduct Authority’s new rules around the disclosure of transaction costs was largely welcomed by the pensions industry. Transparency makes sense. The question is, how do we communicate this information to members in a way they will understand?
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OpinionIs an employer-sponsored financial adviser right for your members?
With the introduction of pension freedoms and the rise in popularity of defined benefit transfers, the demand for expert financial planning has gone through the roof.
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OpinionThe year ahead for the Pensions Regulator
2017 was a significant year for the Pensions Regulator and the pensions sector, and we do not expect the pace to slow. In the coming months we will publish our annual corporate plan and budget for 2018-19. For now, here are our focus areas for the year ahead.
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OpinionTrustees must adopt more transparent practices
Another new year, another set of pension crises. Following on from the likes of BHS and British Steel, we now have Carillion, and this time pension trustees are in the spotlight more than ever before.
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News
Select committee set to publish responses on British Steel transfers
The Work and Pensions Committee is to release responses it has received from the FCA, advisory business Active Wealth and 'introducer' company Celtic Wealth.
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OpinionData Crunch: Why DC market measures are so confusing
Each year we set about estimating the assets in workplace defined contribution schemes in the UK. Our latest conclusion is that the UK DC workplace market contained £338bn in assets in 2016.
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News
PTL launches transaction cost service
Professional trustee company PTL said it has launched a service for asset managers aimed to help their clients assess investment transaction costs.