All Financial Conduct Authority (FCA) articles – Page 22
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NewsIsle of Wight's outperformance vindicates active management
The Isle of Wight Pension Fund’s funding level jumped from 78 per cent to 92 per cent over three years, posting returns that reignite the debate over active and passive fund management.
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Calls for greater trustee powers as advisers fail to consider scam risks
Government and regulators have been urged to strengthen the powers of trustee boards in opposing suspicious transfer requests, as an alert from the Financial Conduct Authority warned that some advisers are not carrying out proper due diligence on receiving scheme investments.
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Concerns over Lisa mis-selling remain as consultation closes
The Financial Conduct Authority’s consultation on rules for selling lifetime Isas will close on Wednesday, amid continued industry concern that the draft regulation will not do enough to stop inappropriate choice of products.
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Cost scrutiny intensifies as TTF calls for select committee inquiry
The Work and Pensions Select Committee has been asked to launch a fresh inquiry into charges levied on pension savings, as campaigners warned price inefficiencies reach far beyond investment costs.
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OpinionUnderstanding the transaction cost disclosure debate
Alison Bostock from professional trustee company PTL looks at the issue of transparency around transaction costs.
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News
Defaults and dashboards: Top DC and AE stories from 2016
Year in review: The battle to make defined contribution a safer place for members proved to be an uphill struggle in 2016, as schemes, regulators and even the police were trying to keep up with developments in the market.
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High charges could affect £26bn of scheme assets, review warns
The Financial Conduct Authority and Department for Work and Pensions’ Independent Project Board has found that about £26bn of pension scheme assets are potentially facing charges of 1 per cent or higher.
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OpinionWhat we can expect from the pension scams consultation
The government’s consultation on pensions fraud is a positive step but more could be done, says Royal London’s Fiona Tait.
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Cold-calling ban could strengthen scheme powers to block transfers
The government has launched its consultation on pension scams, proposing bans on pension-related cold calls, limits on the statutory right to transfer and tighter regulations for setting up potentially fraudulent schemes.
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Consumers to be encouraged to shop around with proposed annuity provider rules
New plans announced by the Financial Conduct Authority will require annuity providers to make consumers aware of rival deals before they purchase an annuity, but some experts say there should be a similar solution for other retirement products.
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NewsFCA annuity provider rules to encourage consumers to shop around
New plans announced by the Financial Conduct Authority will require annuity providers to make consumers aware of rival deals before they purchase an annuity, and some experts say there should be similar rules for other retirement products.
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Increased contributions vital to continue AE success story
The real tests of auto-enrolment are still to come, one of the architects of the initiative has warned, as an adequacy report found many defined contribution-reliant members of Generation X are already beyond auto-enrolment’s help.
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Opinion
Illiquid assets: Latest fad or the future of DC investment?
Analysis: Defined contribution investments are still far less sophisticated than those of many defined benefit plans, but there is growing support for making illiquid assets such as infrastructure or private equity part of DC default funds.
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Draft Lisa rules attempt to prevent AE opt-outs
Providers of the lifetime Isa should warn savers that substituting their pension for the product will mean they lose out on employer contributions, draft rules published by the Financial Conduct Authority have proposed.
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FCA wants to strengthen duty on managers and consultants
About £109bn of investor assets is held by managers who charge high fees but do not offer significant variation from an index-tracking strategy, the Financial Conduct Authority’s interim report on competition in the asset management market has found.
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NewsEarly exit charge cap attracts criticism and praise
Both the government and the Financial Conduct Authority have confirmed plans to introduce caps on early exit pension charges, but authorities should take care not to actively encourage early decumulation, experts say.
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OpinionLifting the curtain on transaction costs
Editorial: The Financial Conduct Authority’s proposals for transaction cost disclosure have been welcomed across the industry, but confusion has crept in over how this will affect trust-based schemes.
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OpinionLock the door on hackers
Editorial: Would you leave your front door open when you go out? Not if you can help it. Online, it happens a lot.
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OpinionWhat to expect from the forthcoming pensions bill
We do not yet know when the pensions bill announced in the Queen’s Speech will be released, but Ruth Bamforth of Walker Morris outlines what we can expect when it does.
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News'Patchwork quilt' of solutions threatens drive for transparency
Regulators and consumer groups have been warned against installing a “patchwork quilt” of solutions to increase transparency in asset management, as remedies to hidden charges within funds begin to emerge.