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FCA forces asset managers to disclose transaction costs for DC

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The Financial Conduct Authority continued its transparency reform this week, with the release of a policy statement requiring greater transaction cost disclosure for workplace pensions.

Select committee probes pension freedoms as concerns grow

The Work and Pensions Committee is launching a new inquiry into the pension freedom reforms, asking whether changes are required to better achieve the policy’s objectives.

Patient capital consultation met with industry scepticism

The government closes its consultation on financing growth in innovative firms this week as it looks to increase scheme investment in ‘patient capital’, but concerns persist over the suitability of this asset class for pension schemes.

TPR campaign outlines governance basics

The Pensions Regulator has launched a new campaign directed at trustees and their advisers, as part of a wider push to raise governance standards, but experts say its success relies on collaboration and engagement from all stakeholders.

How valuable are transition managers?

Analysis: Last week, State Street agreed to pay approximately $35m (£26m) to settle a pair of complaints by the Securities and Exchange Commission that it defrauded six institutional investors while conducting transition management services.*

Vested interests hamper fintech adoption, start-ups say

Industry interests stop technology from truly benefiting savers through low-cost products, members of the start-up community have said.

Employers urged to review default offerings

Inconsistency in approaches taken to default defined contribution offerings among large contract-based providers could threaten member outcomes, according to a new report, as separate research confirmed the importance of investment returns later in the savings journey.

Second finance bill provides clarity, but concerns remain

The government’s second finance bill has provided clarity on a number of pensions issues, including a reduction of the money purchase annual allowance, but experts are concerned that some people are still likely to suffer adverse consequences. 

Industry push to increase pensions engagement

With Pension Awareness Day fast approaching, experts explain how employers and a positive approach to retirement saving and communications can help.

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