DC & Auto-enrolmentRSS

FCA transfer proposals welcomed but timeline draws criticism

Source: Bloomberg

The Financial Conduct Authority’s new proposals on pension transfers have been widely welcomed across the industry, but concerns around the 2018 implementation of the final rules remain.  

Addressing career flexibility could help tackle gender pensions gap

The gender pay gap is a multi-faceted problem that needs a multi-pronged approach, experts say — from financial education to adapting the pensions system to assist flexible working. 

Income security needed to bolster drawdown products

Drawdown solutions must be improved to offer pensioners greater certainty that their retirement income will last, a panel of specialists told Pensions Expert last week.

FCA cracks down on transfer advice

Pension consultants have welcomed the Financial Conduct Authority’s adoption of a tough stance on companies advising on defined benefit transfers, calling it a “price worth paying” for member security in retirement.

Webb: Tories 'terrified' of AE contribution hike

Steve Webb teaser 1206

The Conservative party is “terrified” to make changes that will safeguard pensions adequacy and enable older savers to leave work when they want, former pensions minister Sir Steve Webb has said.

FCA final rule changes unlikely to help, experts say

Bloomberg

The Financial Conduct Authority has published its final rules requiring firms to provide an information prompt to consumers to improve shopping around in the annuity market, setting out a number of changes including an enhanced annuity warning.

Ideas from overseas can up engagement, report finds

The Pensions Policy Institute has published a report looking at consumer engagement with pensions and financial products across the world, highlighting numerous lessons the UK can learn from overseas.

Advice suitable but disclosure too complex, finds FCA

The Financial Conduct Authority has published the findings from its review into the suitability of pensions and investment advice, but while the results are reassuring, experts say more needs to be done to make advice less convoluted.

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