All Financial Conduct Authority (FCA) articles – Page 24
-
OpinionTreasury: Building on the success of the freedoms
Talking Head: Just over five months ago the government introduced the most far-reaching changes to how defined contribution pension savings could be accessed in nearly a century.
-
OpinionWhy the power of IGCs should not be underestimated
In August 2013, the Association of British Insurers wrote a letter to the Office of Fair Trading in light of a review of the pensions marketplace.
-
Opinion
Transaction charges: What? Why? When?
From the blog: Debate about the disclosure of transaction charges has made waves across the pensions industry this year. Will the autumn bring a fresh set of challenges and paperwork for trustees and independent governance committees? Or is it possible to draw answers from information already out there?
-
OpinionMind the gap(s) – consultation on advice launched
From the blog: The Financial Conduct Authority has launched a review of the financial advice market, as the industry calls for greater clarity and accessibility around guidance and advice.
-
Opinion
Holiday reading: Transfers and exit charges – consultation basics
From the blog: The government has today launched a 12-week consultation into pension transfers, early exit charges and the provision of financial advice.
-
Opinion
Why it is crucial to get a handle on transaction costs
Improved transparency on fees and charges has been an overriding concern for defined contribution and auto-enrolment pension schemes.
-
News
Regulator lists assured mastertrusts to help small employers
The Pensions Regulator is ramping up its efforts to help guide small and micro employers through auto-enrolment and has published a list of approved mastertrusts, as 1.3m organisations prepare for their staging dates.
-
NewsFCA pays out £200,000 after benefit error
The Financial Conduct Authority has paid £200,000 to members of its own staff scheme after discovering benefit calculation errors affecting more than 1,200 employees.
-
NewsTreasury to consult on 'excessive' exit charges
The Treasury has today announced it will consult on easing pension transfers and capping the exit fees charged to pension savers looking to take advantage of the new flexibilities.
-
Opinion
Time to count the cost of currency trading
Auto-enrolment has triggered a chain reaction in the UK pensions space. The policy led to a study from the Office of Fair Trading to ensure investors were protected from unfair charges.
-
News
DB-DC proposals trigger benefit questions
The Financial Conduct Authority has issued a consultation on transfers out of defined benefit schemes, but experts say a disparity between definitions of money purchase benefits could lead to confusion.
-
Opinion
Is now a good time for an ETV or Pie exercise?
Last year’s Budget provided the most radical overhaul of the UK pension landscape for more than a decade. Members with defined contribution pension benefits now have much more flexibility over how they receive their retirement income.
-
News
Cashed-out pots could hit future means-tested benefit claims, lawyers warn
Lawyers have called on providers to ensure members are fully aware of how accessing their pension pots could affect future benefit claims, as schemes grapple with their ‘second line of defence’ obligations.
-
News
FCA chief: everybody has a role to play in achieving good outcomes
NAPF Investment Conference 2015: The chief executive of the Financial Conduct Authority has warned about the importance of delivering the pensions reforms to overcome “one of the defining challenges of our age”.
-
News
NAPF launching scheme guide to investment management agreements
The contractual relationship between trustees and their asset managers will come into focus in a new guide to investment management agreements, being launched by the National Association of Pension Funds tomorrow.
-
News
Committee compels next government to consolidate pension oversight
The Work and Pensions Committee has this week called for a dramatic overhaul of the industry’s current regulatory frameworks.
-
News
FCA bolsters transfer protections in home-straight to April
The Financial Conduct Authority has tightened rules around advice on transfers out of defined benefit in its third announcement this week, as the April reform deadline approaches.
-
News
Pressure for transparency builds as City watchdog loads on demands
The Financial Conduct Authority delivered a defined contribution charges double-whammy this week with the release of its final rules for the default fund charge cap plus a call for evidence on the disclosure of transaction charges.
-
Opinion
Is Webb's cashing-in annuities plan a blessing or curse for savers?
Pensions minister Steve Webb recently called for retirees to be able to cash in or swap annuity providers in much the same way homeowners can currently switch their mortgage rate.
-
News
Default fund design hamstrung by lack of behavioural data
Defined contribution experts have said a lack of sufficient data on members’ likely reaction to April's pension flexibilities is leaving default fund design in a state of limbo.