Law & RegulationRSS

FCA plans to ramp up supervision of transfer advice market

News On the Go

On the go: The Financial Conduct Authority intends to ramp up its supervision of the most active firms in the transfer advice market, after finding that 69 per cent of people seeking advice had been recommended to transfer between 2015 and 2018.

Unions allege govt sidestepped advice on NHS pensions

News On the Go

On the go: The Department for Health and Social Care is under fire for reportedly deciding to pursue its ‘50:50’ reform for NHS Pensions before it had received a report commissioned from its advisory board.

Arcadia CVA proposals approved

News On the Go

On the go: All seven of Arcadia’s company voluntary arrangements have been approved by the required majority of the retailer’s creditors.

PSIG calls on trustees to review procedures amid rise in scammers

The Pension Scams Industry Group exhorted trustees to review their scam prevention procedures on Tuesday, as pension fraud attempts continue to rise despite tightening government regulations.

The Pensions Regulator plans to extend its reach

The Pensions Regulator’s head of regulatory policy David Fairs announced plans to “ramp up” its reach on Friday, telling trustees they could no longer get away with ignoring the regulator’s requirements.

CMA takes final step in reform of fid man and consultancy sectors

News On the Go

On the go: The Competition and Markets Authority has issued a legally binding order requiring investment consultants and fiduciary managers to provide clearer information about what their customers are getting for their money.

Trustees face tougher ESG disclosure rules from 2020

News On the Go

On the go: Regulations have been laid in Parliament today that impose tougher disclosure rules for trustees on their stewardship and engagement policies.

Trustee fined for tardy transfer and reported to TPR

News On the Go

On the go: The Pensions Ombudsman has upheld a complaint against the trustee of the Commando 2012 Pension Scheme for failing to a pay a transfer payment within the statutory time frame.

High Court reviews government handling of equalisation

News On the Go

On the go: Campaign group BackTo60 headed to the High Court on Wednesday for a judicial review into how the government implemented the state pension age rise for women.

Regulator announces authorisation application from new master trust

News On the Go

On the go: The Pensions Regulator has revealed that a total of 39 master trusts have applied for authorisation, including one new master trust, as it indicates that new master trust schemes will face tougher supervision.