All Financial Conduct Authority (FCA) articles – Page 2
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NewsFCA's proposed London listing shake up might cause more market woes, PLSA
The Financial Conduct Authority (FCA) launched a consultation last month over concerns the UK’s regime was too complicated and the capital was losing out to New York when it came to international companies wanting to list their shares.
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NewsTrust is the greatest obstacle to bridging the advice gap
Trust remains one of the biggest obstacles against bridging the advice gap, according to new data from specialist marketing and communications agency, Lang Cat Financial.
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FeaturesWill DC consolidation present master trusts with crock of gold?
Within a decade, some 15 or more master trusts will have disappeared. Today, 36 players jockey for pole position. What will this huge transition mean for trustees, sponsors, and members, asks Stephane Hawthorne?
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NewsBSPS redress scheme comes into effect
On the go: The Financial Conduct Authority’s redress scheme for members of the British Steel Pension Scheme launched on February 28.
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NewsRegulators fear savers will make ‘wrong decision’ with pensions info
On the go: The Financial Conduct Authority and the Pensions Regulator are worried that giving savers information about how their pension schemes are performing may lead to them making “the wrong decision”.
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NewsLords call for ‘far stricter limits’ on LDI leverage
A committee in the House of Lords has called for “far stricter limits” on leverage in liability-driven investments, which it believes caused the Bank of England intervention, while considering giving the Prudential Regulation Authority a role in schemes’ supervision, due to their “bank-like” strategies.
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NewsTrott: Underperforming schemes to ‘improve, consolidate or exit’
Pensions minister Laura Trott has said pension schemes that are underperforming will need to act and either “improve, consolidate or exit the market”.
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NewsPension schemes to disclose performance under VfM rules
Pensions schemes will be required to disclose investment performance, net of all costs, as part of the new value for money framework.
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NewsLDI turmoil could reduce DB schemes’ investment in illiquids
The fallout from the September market turmoil will be “wide-ranging” for UK defined benefit schemes, with regulatory changes influencing their capacity to invest in less-liquid growth strategies, according to a new report from Bloomberg Intelligence.
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NewsFCA launches retirement income advice review
On the go: The Financial Conduct Authority is to review the level of advice consumers are receiving from independent financial advisers on meeting their income needs in retirement.
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NewsLDI funds sold £23bn of gilts during market turmoil
Liability-driven investment funds sold £23bn of gilts in three weeks during the market turmoil in 2022, with pooled funds being forced sellers, Andrew Bailey has revealed.
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NewsDavid Fairs leaves TPR to ‘pursue new challenges’
On the go: David Fairs is leaving his role as executive director of regulatory policy, analysis and advice at the Pensions Regulator in March this year.
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NewsTPR appoints FCA’s Delfas as chief executive
On the go: The Pensions Regulator has appointed Nausicaa Delfas as its new chief executive, taking over from Charles Counsell, who is due to step down from the role in March 2023.
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NewsFCA considers higher compensation limits for pension claims
On the go: The Financial Conduct Authority is to consider whether to increase compensation limits for certain pension claims.
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NewsTPR rejects claim of having pressured schemes into LDI
The Pensions Regulator has pushed back against a suggestion put to the watchdog by MPs that it pressured some pension schemes towards liability-driven investments, when they did not think LDI was appropriate for them.
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NewsBank of England calls for LDI regulatory action from TPR
The Bank of England has called for more regulatory action from the Pensions Regulator to ensure increased resilience in liability-driven investment funds, while supporting investment consultants becoming regulated by the Financial Conduct Authority.
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NewsTPR: Valuing some illiquid assets may be ‘impossible’
The Pensions Regulator has warned of the challenges posed by attempting to value illiquid assets, as the government seeks to incentivise defined contribution to increase these investments.
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OpinionPDP elves deliver a dashboards consultation for Christmas
As we approach the end of 2022, it has been another momentous year for pensions dashboards. It is an initiative that we have been discussing for what seems like an age.
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NewsRules to remove DC charge cap fees due in the new year
The government will lay regulations to remove fees from the defined contribution charge cap early next year, one of a number of pensions-related proposals included in the reforms aimed at improving the competitiveness of the UK’s financial services sector.
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NewsFCA urges LDI stress-testing in the face of rising buffer costs
The Financial Conduct Authority has called on asset managers to stress-test the “operational consequences” of improved liquidity buffers for liability-driven investment funds, recognising the additional costs that these buffers impose on pension schemes.