All Financial Conduct Authority (FCA) articles – Page 6
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NewsPrudential reports itself to regulator over AVC failings
Prudential reported itself last year to the Pensions Regulator, as a perfect storm of IT problems and coronavirus-led disruption pushed customers looking to cash out their additional voluntary contributions into long delays.
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NewsNew emissions template launched, savers demand green pensions
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with the launch of a new carbon emissions template for pension schemes, and a new study highlighting savers’ demand for green pensions.
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NewsFinancial regulators sign deal to ensure fair compensation
On the go: The UK’s financial regulatory bodies have agreed to collaborate on matters of common interest and ensure fair compensation for consumers.
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NewsFOS has 98% uphold rate for BSPS transfer cases
On the go: The Financial Ombudsman Service has revealed it has a 98 per cent uphold rate for British Steel Pension Scheme complaints against companies that gave transfer advice.
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NewsMultimillion-pound pension fraud suspect changes plea to guilty
On the go: A defendant charged with participating in a multimillion-pound pension fraud has changed his plea to guilty at a hearing.
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NewsClarity needed as LGPS pools could be branded fiduciary managers
A delay to regulations from the Department for Levelling Up, Housing and Communities has meant that Local Government Pension Scheme investment pools have fallen under Competition and Markets Authority rules meant for fiduciary managers.
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People NewsFrank Field recognised in New Year honours
On the go: Frank Field, former Work and Pensions Committee chair, has received one of the most exclusive awards in the Queen’s New Year’s honours list.
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NewsFCA to consult on British Steel redress scheme
On the go: The Financial Conduct Authority will be consulting on a redress scheme for members of the British Steel Pension Scheme who transferred out after receiving bad advice.
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NewsPLSA flags dashboard issues as project announces potential partners
On the go: The Pensions Dashboards Programme has partnered with three commercial dashboard providers with which to work during its initial testing phase, while the Pensions and Lifetime Savings Association has published an A-Z guide highlighting 26 key issues that it believes are required to make the dashboards project a success.
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NewsFCA to monitor transfers after Old British Steel scheme exits PPF
On the go: The Financial Conduct Authority will be monitoring pension transfer requests from the Old British Steel Pension Scheme, as the scheme has exited its assessment period at the Pension Protection Fund.
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NewsProviders to book pensions guidance sessions from June
On the go: Savers will be offered Pension Wise appointments if they want to access their defined contribution pensions from June 2022.
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NewsDC consolidation and small pots limit can reduce value for money
A combination of the flat fees charging ban on pots worth less than £100 and an increase in consolidation schemes could reduce members value for money, the Pensions Policy Institute has warned.
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NewsPPI: Governance should be focus of UK value-for-money framework
Lessons on how to successfully integrate robust governance procedures in providing value for money in UK pensions must be taken from overseas, the Pensions Policy Institute has said.
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NewsTisa calls for pension decumulation policy reform
On the go: The Investing and Saving Alliance is calling on regulators and the government to reform pension decumulation policy that will impact four main areas.
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NewsTrustees given transfer halt powers
On the go: Pension fund trustees will be able to halt suspicious transfers from November 30, following new powers from the Pensions Regulator.
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NewsCOP26: Schemes require robust support to make an impact
Regulators, schemes and fund managers must put measures and checks in place to ensure that institutional investors are making “better investment decisions” to ensure sustainable investing can “thrive”, the COP26 conference has heard.
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NewsRegulators to push forward with preparations for dashboards
On the go: The Pensions Dashboards Programme has confirmed that its partner organisations, including the Financial Conduct Authority and the Pensions Regulator, are set to begin work on progressing the dashboards programme.
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NewsFCA pushes ahead with new illiquids fund for DC schemes
Pension funds will have access to a Long-Term Asset Fund regime following changes made by the Financial Conduct Authority, with special flexibility afforded to defined contribution schemes to invest in illiquid assets.
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NewsTrustee body calls for FCA action on manager voting policies
On the go: The Association of Member Nominated Trustees has called for regulatory action from the Financial Conduct Authority after a review found that a majority of fund managers “promise no meaningful action” in their climate change voting policies.
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NewsRenewed calls for charges transparency in annual statements
On the go: Six in 10 pension savers are unaware of the charges they pay on retirement savings, prompting new calls for increased transparency for charges on annual pension statements.