All Law & regulation articles – Page 112
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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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News
Govt creates taskforce to boost private social impact investment
Theresa May has commissioned an industry taskforce on social impact investment, led by vice-chair of Allianz Global Investors Elizabeth Corley.
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News
Shadow work and pensions secretary 'stood down'
The Labour Party’s shadow work and pensions secretary, Debbie Abrahams, has been forced to leave her role over allegations reportedly related to claims over her behaviour.
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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
Healthcare company pleads guilty to misleading TPR
A Birmingham-based healthcare company and its managing director have pleaded guilty to misleading the Pensions Regulator about enrolling staff into a workplace pension, after a whistleblower raised the alarm.
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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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TPR appoints new policy lead
The Pensions Regulator has hired David Fairs as its executive director for regulatory policy, analysis and advice.
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Government commits to 2018 cold-calling ban
The Department for Work and Pensions has committed to banning pensions cold calls by June this year, bowing to pressure from MPs and peers to bring forward its timetable for taking action.
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Features
Solving consultancy's transparency problem
Analysis: The first findings to be presented by the Competition and Markets Authority show that no one is squeaky clean in the investment consulting and fiduciary management businesses. How can both products become more transparent?
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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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Trustees lack info to judge fid man and consultant VfM, finds CMA
Competitive processes are not providing customers with the necessary information to judge the value for money of investment consultants and fiduciary managers, the Competition and Markets Authority has said.
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News
Attractiveness of deferred debt arrangement remains to be seen
Employers in multi-employer pension schemes will now be able to delay the requirement to pay an employer debt when they cease accrual in the scheme, but opinions are divided on how attractive this will be.
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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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News
Cost of tax relief plateaus at £38.6bn
The cost of tax relief on pension contributions has reached £38.6bn, only £100m more than the previous year, after jumps in 2015 and 2010. Deducting pension-related tax, the figure comes down to £25.2bn.
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News
DWP to ‘investigate’ extending removal of member consent for bulk transfers
The government has made a number of changes to regulations that will allow bulk transfers without member consent to schemes that have never been contracted out, and has said it will look into whether the rules should also apply to non-salary-related schemes.
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News
Chappell ordered to pay £87k for failing to give info about BHS sale
Dominic Chappell, the director and majority shareholder of the company that bought BHS for £1, has been ordered to pay over £87,000 for failing to give information to the Pensions Regulator.
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NewsCarillion: Regulator blasted for grasp of key facts on DB
Executives at the Pensions Regulator have been lambasted by MPs for being poorly informed and undermining confidence in pensions, after they appeared unable to answer questions on subjects including “a major KPI” of defined benefit scheme health.
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News
CMA sets out publishing timetable for fiduciary investigation
The Competition and Markets Authority could publish the first of its findings on the UK investment consultancy market as early as this month, according to a provisional timetable released on Wednesday.
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News
Field: Bring GAD information within ombudsman remit
The chair of the Work and Pensions Committee, Frank Field, wants to see the government bring forward measures to ensure information provided by the Government Actuary's Department to individuals is within the remit of an ombudsman.
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News
TPR investigates schemes suspected of cold-caller links
The Pensions Regulator and police have begun an investigation into several schemes suspected of links to cold-calling activities; the police has interviewed two people under caution and arrested a third before releasing him.