Law & RegulationRSS

Pensions Institute: Relax DB promises to tackle PPF drift

Stressed schemes and employers should be allowed to reduce pension increases and gain easier access to PPF-plus benefit-restructuring methods in order to minimise “PPF drift”, a new academic paper has said.

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.  

Queen's Speech omits pensions as focus is firmly on Brexit

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After the intensity and frequency of debate and consultation on pension issues, the industry is left in limbo by the government’s legislative programme.

Employers urged to actively manage covenant

Employers and schemes must take a more active approach to managing their pension liabilities to improve covenant strength, experts say.

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. 

Pensions slip down the agenda after election

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If Theresa May’s Conservatives succeed in forming a lasting government, their immediate policy concerns regarding pensions are unlikely to change.

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

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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.

Increased use of RAAs is 'inevitable', experts say

The Pensions Regulator has agreed a regulated apportionment arrangement with Hoover, as experts say the number of RAAs, as well as the amount of due diligence involved, is likely to increase.

FCA final rule changes unlikely to help, experts say


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.

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