Law & RegulationRSS

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.

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.

Restructuring professionals call for TPR-PPF merger

Sources: TPR, PPF

The Pensions Regulator and the Pension Protection Fund should be combined into one streamlined entity and be open to restructuring deals involving pensions where insolvency is not imminent within 12 months, according to restructuring professionals.

Oxfordshire referred to TPR for a second time

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The Oxfordshire County Council Pension Fund has received a second referral to the Pensions Regulator after it failed to submit its annual benefit statements on time.

CMA begins consultant investigation as FCA calls trustees 'weak'

Bloomberg

The Financial Conduct Authority has finalised its referral of the investment consultancy industry to the Competition and Markets Authority, beginning an 18-month period of investigation into conflicts of interest in the sector.

Scams continue to be a threat to members' savings

One in 12 transfers may have been subject to fraudulent activity, a new report has found. The figure has fallen from last year’s corresponding study, which found potential scams in as many as one in nine cases.

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. 

How to make sure a scheme merger runs smoothly

Analysis: A desire to cut costs and harmonise pension provision often drives companies with multiple defined benefit pension funds to consolidate their schemes, but experts say there are a number of factors trustees and employers should bear in mind to ensure a smooth merger.  

PLSA urges schemes to focus on ‘inputs’

A new report on pension scheme governance calls for greater focus on improving the quality of structures and personnel, or ‘inputs’, and argues that processes have received excessive attention.

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