All Financial Conduct Authority (FCA) articles – Page 24
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News
Do trust and contract-based plans require separate regulation?
Analysis: Defined contribution schemes are regulated by two separate bodies, each of which works better in certain scenarios, a Pensions Policy Institute report has found. But the debate continues on whether a single watchdog would improve the current regime.
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News
Pension freedom report: Must do better
A clearer definition of advice and stronger warnings about scams were two of the points raised in the Work and Pensions Committee’s report on pension freedom this week, which has found support across the industry.
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NewsWarburtons spells out the ABC of pension freedoms
There has been a spike of interest in pensions since new freedoms were introduced six months ago, but some corners of the industry are struggling to communicate the choices available.
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News
FCA targets lifestyling laggards in latest consultation
Employers and providers are being compelled to address the suitability of default 'lifestyling' strategies in defined contribution schemes as part of a wider consultation by the City watchdog to improve the pension market for consumers.
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Opinion
The science behind DC redesign
DC Investment Quarterly: The introduction of freedom and choice and the charge cap this year marked two profound changes to the defined contribution marketplace, affecting both what DC investment products will be expected to deliver and the limits within which they have to deliver them.
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NewsFreedom variability distorts member behaviour, FCA study shows
Data from the Financial Conduct Authority has shown drastic changes in how consumers access their pensions since the introduction of the flexibilities, though experts have said difficulty accessing some options may have skewed consumer choices.
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OpinionThe AE commission and consultancy charges conundrum
Who pays the tab for auto-enrolment remains a tricky problem. Perhaps it is time to look Down Under for the solution, says Mercer’s Gail Philippart.
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OpinionTreasury: Building on the success of the freedoms
Talking Head: Pension freedoms are off to a positive start, says the Treasury’s Harriet Baldwin, but individuals still need help finding financial advice.
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OpinionWhy the power of IGCs should not be underestimated
Investment governance committees lack the power of a trustee board, says Sackers’ Helen Ball, but they can still change workplace pensions for the better.
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Opinion
Transaction charges: What? Why? When?
From the blog: Debate about the disclosure of transaction charges has made waves across the pensions industry this year. Will the autumn bring a fresh set of challenges and paperwork for trustees and independent governance committees? Or is it possible to draw answers from information already out there?
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OpinionMind the gap(s) – consultation on advice launched
From the blog: The Financial Conduct Authority has launched a review of the financial advice market, as the industry calls for greater clarity and accessibility around guidance and advice.
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Opinion
Holiday reading: Transfers and exit charges – consultation basics
From the blog: The government has today launched a 12-week consultation into pension transfers, early exit charges and the provision of financial advice.
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Opinion
Why it is crucial to get a handle on transaction costs
If defined contribution scheme members are to make confident investment decisions they need to be clear on costs, says Mercer’s Andrew Williams.
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News
Regulator lists assured mastertrusts to help small employers
The Pensions Regulator is ramping up its efforts to help guide small and micro employers through auto-enrolment and has published a list of approved mastertrusts, as 1.3m organisations prepare for their staging dates.
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NewsFCA pays out £200,000 after benefit error
The Financial Conduct Authority has paid £200,000 to members of its own staff scheme after discovering benefit calculation errors affecting more than 1,200 employees.
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NewsTreasury to consult on 'excessive' exit charges
The Treasury has today announced it will consult on easing pension transfers and capping the exit fees charged to pension savers looking to take advantage of the new flexibilities.
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Opinion
Time to count the cost of currency trading
With regulatory focus on high fund management charges, Yossi Brandes says benchmarking FX costs could save schemes millions of pounds.
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News
DB-DC proposals trigger benefit questions
The Financial Conduct Authority has issued a consultation on transfers out of defined benefit schemes, but experts say a disparity between definitions of money purchase benefits could lead to confusion.
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Opinion
Is now a good time for an ETV or Pie exercise?
Aon Hewitt’s Ben Roe examines whether the new flexibility for DC means 2015 is shaping up to be the ‘year of the transfer value’ for DB schemes.
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News
Cashed-out pots could hit future means-tested benefit claims, lawyers warn
Lawyers have called on providers to ensure members are fully aware of how accessing their pension pots could affect future benefit claims, as schemes grapple with their ‘second line of defence’ obligations.