All Advice and guidance articles – Page 2
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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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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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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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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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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.
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NewsFCA launches retirement income advice review
On the go: The Financial Conduct Authority is to review the level of advice consumers are receiving from independent financial advisers on meeting their income needs in retirement.
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NewsMerseyside Pension Fund appoints new adviser
On the go: The £10.4bn Merseyside Pension Fund has appointed Redington to act as its strategic investment adviser.
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NewsDB schemes mull legal action against LDI asset managers
Defined benefit schemes that suffered losses as a result of the recent market volatility are considering bringing legal claims against their asset managers and advisers, legal experts have warned.
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NewsDavid Fairs leaves TPR to ‘pursue new challenges’
On the go: David Fairs is leaving his role as executive director of regulatory policy, analysis and advice at the Pensions Regulator in March this year.
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OpinionLDI turbulence – the case for independent oversight
IC Select founder Roger Brown details how schemes should analyse the advice and asset management received during the liability-driven investment debacle.
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NewsFCA considers higher compensation limits for pension claims
On the go: The Financial Conduct Authority is to consider whether to increase compensation limits for certain pension claims.
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NewsPensions industry should look ‘beyond narrow compliance’
The Pensions Regulator and the Financial Conduct Authority want the industry to look “beyond narrow compliance” and consider consumer outcomes.
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NewsSome BSPS members to receive redress calculation by end of 2023
On the go: The Financial Conduct Authority has said that companies should provide British Steel Pension Scheme members with their redress calculation by the end of December 2023, if individuals opt to receive it as a lump sum.