All Advice and guidance articles – Page 11
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NewsLuxfer Group offers IFA to deferred members
Global materials technology company Luxfer Group has launched an exercise offering deferred members of its defined benefit scheme the opportunity to discuss their benefit options with an independent financial adviser.
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News
Warned scam victims must take responsibility, code says
The Pension Scams Industry Group has emphasised that scam victims must take responsibility for fraudulent defined benefit transfers where they have been previously warned by their providers.
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OpinionHow to guide your pension fund through M&A activity
While M&A activity generally means uncertainty, trustees should be mindful that the scheme’s position may ultimately be improved by a deal, says Josiah Harris at Dalriada Trustees.
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OpinionCMA investigation: Prepare for positive change
Cardano’s Richard Dowell talks through what we have learned so far from the Competition and Markets Authority’s investigation into investment consultancy and fiduciary management services.
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OpinionWhat are trustees’ responsibilities when it comes to DB transfers?
Trafalgar House’s Michael De Souza discusses pension scheme trustees’ main responsibilities with regard to defined benefit transfers.
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OpinionPeople trust people, not institutions
From the blog: Whether a pension fund is facing closure, or just suspending its website while investment options change, there are many reasons why a scheme might have to communicate tricky or delicate subjects.
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News
Third of retirees in drawdown have no investment experience
Thirty-two per cent of people in drawdown do not have any investment experience, yet two in five of them have not received advice or guidance, according to a recent report that urges the introduction of drawdown MOTs.
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Features
Has the industry kept its promise on at-retirement innovation?
Analysis: When the Department for Work and Pensions allowed the industry to block mastertrust Nest from entering the drawdown market in 2017, it did so with a proviso; the industry had to drive innovation itself.
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OpinionHow bringing pensions to life can improve staff engagement
From the blog: One of the first questions I ask when I start a new job is: “What are the employee benefits?”
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News
UK could profit from Australia’s missed default opportunity
A default drawdown proposition rejected by the Australian government could offer “freedom from the pension freedoms” for unengaged savers who cannot afford advice at retirement, it has been claimed.
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News
Industry welcomes FCA transfer advice rules
The Financial Conduct Authority has published new rules on pension transfer advice following its research that showed a high proportion of advice was not suitable. It is also seeking views on contingent charging among others. The industry has welcomed the additional clarity provided in this area.
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News
Field urges FCA to cast net wider on transfer advice
The Work and Pensions Committee has urged regulators “to get their houses in order now” to protect pension scheme members from another mis-selling scandal.
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OpinionHow to oversee a fiduciary manager for your scheme
Rachel Croft at Independent Trustee Services discusses the key steps for trustees to take when it comes to effectively overseeing a fiduciary manager.
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News
Could airline black box approach take off in the pensions industry?
A Pensions Institute report published on Wednesday has suggested that emulating the airline industry’s black box thinking approach of systematically analysing mistakes could solve many of the problems facing defined benefit schemes.
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Features
RLB tech engagement drive yields positive results
Quantity surveyor Rider Levett Bucknall has seen a marked increase in staff engagement with their pensions after it introduced an app for savers to view their pension savings and offered face-to-face meetings with experts.
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News
TPAS dispute function to be absorbed by ombudsman
The dispute resolution function of the Pensions Advisory Service is to move to The Pensions Ombudsman, in a bid to simplify the process for savers who are dissatisfied with their scheme's service.
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NewsRegulator publishes British Steel section 89 report
The pensions watchdog has outlined its decision-making process in a regulatory report on the British Steel Pension Scheme, published six months after greenlighting the regulated apportionment arrangement to separate the BSPS from Tata Steel UK.
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News
Government waters down default guidance proposals
The government has removed an amendment to the financial guidance and claims bill which would have automatically enrolled people into guidance as they seek to access their pots or transfer benefits.
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OpinionIs an employer-sponsored financial adviser right for your members?
Mercer’s Vito Faircloth discusses the advantages of an employer-sponsored financial adviser for pension scheme members.
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OpinionIs it time for another regulatory overhaul?
The transfer advice given to some British Steel Pension Scheme members was the most serious regulatory failure for nearly 30 years, says Tim Middleton from the Pensions Management Institute.