All Advice and guidance articles
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NewsRachel Reeves ‘confident’ that investment mandation won’t be necessary
The chancellor addressed the financial services industry at an event in London last night, unveiling plans to encourage individual savers to invest more rather than hold savings in cash.
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OpinionHow will targeted support shape guidance for pension scheme members?
The Association of British Insurers’ George Ritchie explores the Financial Conduct Authority’s targeted support plans and what they mean for the help trustees can give to their pension scheme’s members.
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NewsAsset managers get behind ‘targeted support’ drive for pension savers
The asset management industry’s trade body has said the planned ‘targeted support’ regime for people approaching retirement will be “critical” in ensuring good outcomes.
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FeaturesFCA’s ‘targeted support’ plans could help trustees close advice gap
With trust-based schemes explicitly in scope, the FCA’s proposals on “targeted support” for non-advised savers could offer pension scheme trustees a fresh opportunity to support disengaged members, reports Sara Benwell.
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In DepthIn Depth: How the FCA will regulate pensions over the next five years
The financial services watchdog has published its latest five-year strategy, pledging to become a more flexible, predictable and efficient organisation.
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OpinionPension transfers: A year of lessons and the road ahead
People’s Partnership CEO Patrick Heath-Lay addresses the substantial problems that the industry faces regarding pension transfers.
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OpinionA decade of ‘freedom and choice’: Time to rethink advice provision
Glyn Bradley of the Institute and Faculty of Actuaries looks back on a decade of pension freedoms and ahead to how we can make the policy work better for members.
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NewsFCA proposes ‘targeted support’ for vulnerable pension savers
The Financial Conduct Authority (FCA) is considering giving pension providers the ability to provide “targeted support” to certain groups of people to help them make decisions about their retirement savings.
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NewsRegulators urged to collaborate on ‘targeted support’ for DC savers
The Pensions and Lifetime Savings Association (PLSA) has called for trust-based defined contribution pension schemes to be included in proposals to allow “targeted support” for savers.
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OpinionRedrawing the line between advice and guidance
With the advice-guidance boundary consultation closed, the ball is back in the policymakers’ court to decide which proposals to take forward, writes the SPP’s Premlata Fagan.
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OpinionAdvice or guidance? The challenges facing trustees
George Ritchie of the Association of British Insurers discusses the complex issues arising from the review of the advice-guidance boundary.
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NewsGet better at engaging – or else, warns UK’s largest pension provider
If providers keep failing to help customers engage with retirement, they will fall foul of consumer duty, warns Andy Briggs
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NewsDB transfer compensation rates fall, but savers won’t lose out
Analysis from actuarial consultancy OAC, part of the Broadstone Group, suggests that many people who had been badly advised to transfer out of their defined benefit (DB) pension, may now receive significantly less compensation.
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OpinionAnnuities for the DC generation
Standard Life’s Claire Altman considers the future of annuities for the DC generation, arguing that in future savers will look for ‘blended’ solutions.
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OpinionRome wasn’t built in a day: Neither is a pension
Encouraging scheme members to contribute more into their pension means empowering them to understand the implications of that increase, argues Ashley Staples.
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NewsMid-life MOT: DWP's online pensions and savings resource goes live
The Department for Work and Pensions has launched its online midlife MOT.
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NewsDB schemes: Surge in retirement support for members says Aon
Defined benefit (DB) schemes are giving their members more information and support than ever when making key retirement decisions.
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OpinionTo DC or CDC. That is the question…
DB pensions – and the guaranteed retirement income they bring – are well and truly a thing of the past, with a mere circa 5,000 left in the UK,most of which are closed to new members.
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NewsFCA's consumer duty reforms will shake up the pensions industry
Are companies ready for the biggest reform in financial services since 2012?
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NewsOne in six savers don't know where to access pensions advice
The workplace can play a part in helping plug the pensions advice gap, as over a quarter of over 55s admit eschewing any type of support.