All Financial Conduct Authority (FCA) articles – Page 16
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Opinion
How are target date funds innovating?
Experts have always found it impossible to analyse one without making comparisons with the other. As with footballing greats Lionel Messi and Cristiano Ronaldo, no conversation about the target date fund has ever taken place without mentioning its competitor, the lifestyle fund.
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OpinionWhat have we learnt from the FCA’s Retirement Outcomes Review?
The Financial Conduct Authority’s final findings from its Retirement Outcomes Review offer a fascinating early glimpse into the behaviours of consumers after the introduction of pension freedoms, says Redington’s Jon Parker.
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Features
Should the FCA set a drawdown charge cap?
The Financial Conduct Authority’s final report for its Retirement Outcomes Review focused on the challenges facing drawdown consumers.
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OpinionMaking data count – how to use the IDWG cost code
From the blog: Following nine months of detailed work by the members of the Financial Conduct Authority’s Institutional Disclosure Working Group, new cost data templates will, for the first time, provide an industry-agreed, consistent approach to collecting this important information.
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NewsFCA recommends investment pathways for drawdown
The Financial Conduct Authority has proposed that pension providers are required to develop three ready-made investment pathways to help confused drawdown customers, but has shied away from imposing a charge cap on the products.
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News
Disclosure standard aims for strengthened trustee buy side
Investment consultants could be required to disclose scheme data allowing clients to judge the quality of their advice under a new performance framework, which has already attracted positive early statements from two top 10 firms including 'big three' member Mercer.
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OpinionThe day that climate became mainstream
From the blog: Climate campaigners across the country spluttered into their morning cups of fair trade coffee last Tuesday as the Department for Work and Pensions and Financial Conduct Authority published their final responses to the Law Commission’s 2017 report on pensions and social investing.
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OpinionDefault pathways strengthen freedom and choice, not weaken it
Members should always be encouraged to make an active choice about their retirement income, but we know not everyone will. Government should therefore provide clear principles to govern the creation of good-value defaults, says the Pension and Lifetime Savings Association’s Nigel Peaple.
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OpinionMistakes of annuity regime are being repeated
From the blog: The willingness of government and regulators to take a pragmatic approach to so-called pensions freedom will be tested over the next few weeks.
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Opinion
DC Debate Q2: Default retirement pathways, flexibility and guidance
Five defined contribution experts discuss default pathways, striking a balance between flexibility and secure income, and the importance of guidance at retirement.
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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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News
Just Group aims for increased education on DB freedoms
Retirement provider Just Group claims it has disrupted the market for defined benefit member option exercises with a new product launch, as trustees come under increasing pressure to keep members informed about their options under freedom and choice.
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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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OpinionRegulator must work with industry on professional trustee standards
Both the Pensions Regulator and industry working groups are seeking to define the responsibilities and standards expected of professional trustees. If they do not achieve consistency, writes the Pensions Management Institute’s Tim Middleton, it will be hard to justify their implementation.
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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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News
CMA: Fiduciary management not overly concentrated
Neither the investment consultancy or fiduciary management industries show signs of excessive concentration, the Competition and Markets Authority has found, but the vertical integration of the ‘big three’ firms could distort the market in future.
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OpinionInaction on retirement defaults puts members at risk
From the blog: When discussing retirement pathways, the industry needs to ask itself two key questions: what is the goal of auto-enrolment, and what does success look like?
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OpinionPLSA: Signpost savers towards default pathways
Default decumulation options are needed and can work with freedom and choice, says the Pensions and Lifetime Savings Association’s George Currie.
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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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OpinionWhat could we expect from the regulators’ joint pension strategy?
How could the Financial Conduct Authority and the Pensions Regulator’s joint strategy improve pensions regulation? Aegon’s Kate Smith discusses the regulators’ current responsibilities and the benefits of the watchdogs working together on certain issues.