All Financial Conduct Authority (FCA) articles – Page 21
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News
Better trusteeship key to any future DB plans
Efforts to improve the level of experience and competence of trustee boards must not come at the expense of diversity, politicians have warned, as dealing with groupthink remains a key concern in defined benefit pensions.
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OpinionForget about robos and chatbots – a bigger tech wave is breaking
Forget about robos and chatbots – these are just the froth on the crest of a much bigger wave of technology change sweeping through financial services.
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OpinionOpenness is the key to creating better solutions
This is an almost unprecedented time for the pensions industry as it faces fresh challenges and changes on an almost weekly basis.
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News
FCA throws cold water on IA input ambitions
PLSA Investment Conference 2017: The Financial Conduct Authority’s director of strategy and competition Christopher Woolard has said he does not want to be bound by industry initiatives in making new rules for asset managers.
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OpinionWhat effect will a cap on exit fees have on freedom and choice?
Freedom and choice has generated over 1.5m flexible payments totalling more than £9.2bn since April 2015. That sounds like a lot to me, even though there are 4m people aged over 55 who are eligible, so I doubt if many people have been inhibited by exit fees so far.
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Opinion
What to look for in the forthcoming IGC statements
Independent governance committee chairs are currently finalising their second chair’s annual statement and reports, so what lessons have IGCs learnt from the first round of statements and the approach taken by the Financial Conduct Authority to date?
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FeaturesMPs’ scheme votes for secured loans over REITs
The Parliamentary Contributory Pension Fund has simplified its property portfolio and invested proceeds in a European loans mandate, with a view to generating income.
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NewsSavers still keen on cash until pot size grows
Full cash withdrawals are still dominating the retirement income market, according to analysis by the Financial Conduct Authority, as concerns were raised over consumer reluctance to seek financial advice.
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News
FCA market study: All-in fee might not be all-in cure
The consultation stage of the Financial Conduct Authority’s market review of the asset management industry closed last week, with experts welcoming the boost to transparency but remaining reticent over proposals for an all-in fee structure.
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OpinionThe role of advice in a digital world
Long-term saving is one of the biggest issues facing society today. People are living longer and the pensions landscape seems to be constantly changing, which makes it very difficult to navigate and to know what options work best for individuals.
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NewsIsle of Wight's outperformance vindicates active management
The Isle of Wight Pension Fund’s funding level jumped from 78 per cent to 92 per cent over three years, posting returns that reignite the debate over active and passive fund management.
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News
Calls for greater trustee powers as advisers fail to consider scam risks
Government and regulators have been urged to strengthen the powers of trustee boards in opposing suspicious transfer requests, as an alert from the Financial Conduct Authority warned that some advisers are not carrying out proper due diligence on receiving scheme investments.
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News
Concerns over Lisa mis-selling remain as consultation closes
The Financial Conduct Authority’s consultation on rules for selling lifetime Isas will close on Wednesday, amid continued industry concern that the draft regulation will not do enough to stop inappropriate choice of products.
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News
Cost scrutiny intensifies as TTF calls for select committee inquiry
The Work and Pensions Select Committee has been asked to launch a fresh inquiry into charges levied on pension savings, as campaigners warned price inefficiencies reach far beyond investment costs.
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OpinionUnderstanding the transaction cost disclosure debate
The debate around transaction costs became increasingly polarised during 2016. The 'Loch Ness Monster' paper issued by the Investment Association in August summarised research claiming there is no excessive trading nor hidden costs damaging investor returns.
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News
Defaults and dashboards: Top DC and AE stories from 2016
Year in review: The battle to make defined contribution a safer place for members proved to be an uphill struggle in 2016, as schemes, regulators and even the police were trying to keep up with developments in the market.
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News
High charges could affect £26bn of scheme assets, review warns
The Financial Conduct Authority and Department for Work and Pensions’ Independent Project Board has found that about £26bn of pension scheme assets are potentially facing charges of 1 per cent or higher.
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OpinionWhat we can expect from the pension scams consultation
The government’s consultation into pension scams contains four very sensible proposals that will make it harder for scammers to operate. This a great step in significantly improving consumer protection in this area.
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News
Cold-calling ban could strengthen scheme powers to block transfers
The government has launched its consultation on pension scams, proposing bans on pension-related cold calls, limits on the statutory right to transfer and tighter regulations for setting up potentially fraudulent schemes.
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News
Consumers to be encouraged to shop around with proposed annuity provider rules
New plans announced by the Financial Conduct Authority will require annuity providers to make consumers aware of rival deals before they purchase an annuity, but some experts say there should be a similar solution for other retirement products.