Law & RegulationRSS

Government follows Cridland on state pension age

The government has announced its intentions to implement the recommendations of the Cridland report, bringing the state pension age from 67 to 68 seven years ahead of schedule.

DB white paper will be published in winter

The Department for Work and Pensions will consider giving further “proactive” powers to the Pensions Regulator and examine the case for consolidation, in a long-awaited white paper on defined benefit to be published in the winter.

Pension law slowly catches up with society on equal rights

Supreme Court

The Supreme Court has overruled the Equalities Act 2010 in Walker v Innospec, meaning pension schemes can no longer refuse pensions to same-sex spouses for pre-2005 service, but has stopped short of giving equal pension rights to a part-time worker.

FCA cites ways to crank up consumer protection amid competition concerns

The rising number of consumers who buy drawdown without advice has given prominence to the need for greater support and protection, says the Financial Conduct Authority.

Taylor review urges action on increasing AE coverage

The Matthew Taylor Review of Modern Working Practices highlights ways in which self-employed people could be helped to save for retirement, but questions remain.

Cridland: Longevity as big an issue as climate change

Savers need to be more aware of the consequences of an ageing population on retirement saving, with providers, regulators and employers all having a part to play in improving engagement, say experts. 

Gauke calls for government and industry collaboration

Getty Images

In his first speech as Secretary of State for Work and Pensions, David Gauke called for consensus and collaboration to ensure a positive future for pensions, but admitted that it will take time to address some of the more challenging policy issues, from pensions tax relief to extending auto-enrolment to the self-employed.

Watchdog referral looms for investment consulting industry

FCA p4 (teaser)

Industry-led proposals to minimise conflicts of interest in investment consulting have been rejected by the Financial Conduct Authority, bringing firms a step closer to investigation by the Competition and Markets Authority.

Regulator’s BHS report focuses on areas of improvement

Source: Getty Images

The Pensions Regulator has highlighted the lessons it has learnt from the BHS case in a recently published regulatory intervention report, as experts stress the need for more proactive engagement. 

No all-in fee for asset management firms

Source: Bloomberg

Asset management firms must disclose estimated and actual fees and transaction costs to clients, but should not be forced to charge a single fee for services, the Financial Conduct Authority has recommended.

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