All Financial Conduct Authority (FCA) articles – Page 5
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NewsDWP questions industry on Nest’s fund offering
The Department for Work and Pensions is gathering views on support available to scheme members when making savings decisions, and is questioning the industry on whether Nest’s current offering is sufficient.
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NewsFCA and TPR rule out new pension saving regulations
The Financial Conduct Authority and the Pensions Regulator do not plan on introducing any new regulations to help people when saving into a pension.
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NewsGovt redefines fiduciary management in CMA probe reply
The government has excluded transition management from the scope of fiduciary management in its response to the Competition and Markets Authority’s 2018 investigation of the sector.
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NewsProviders urge earlier introduction of Pension Wise ‘nudge’
On the go: The Financial Conduct Authority’s new rules guiding customers to use Pension Wise before drawing down their pension, which came into force on June 1, have been criticised as “poorly timed and mismanaged” by one provider.
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NewsTPR to review Stewardship Code with watchdogs and government
The Pensions Regulator will work with the government and fellow watchdogs to review the Financial Reporting Council’s revised UK Stewardship Code.
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NewsCharles Counsell to step down from TPR in 2023
On the go: Charles Counsell will be stepping down as chief executive of the Pensions Regulator in 2023 as he will not be seeking a second term at the watchdog’s helm.
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NewsMindset shift key to private markets in DC, trustees told
Allocating capital to long-term illiquid assets requires a shift in focus from cost to value, according to panellists at the Pensions and Lifetime Savings Association’s investment conference.
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NewsAnnuities make slow comeback as retirees look for income certainty
After a decline in annuity sales following the pension freedoms, the market seems to have levelled off with purchases accounting for around 10 per cent of total market share, according to the Pensions Policy Institute.
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NewsFCA admits Brits were not well-protected against pension freedom risks
On the go: The Financial Conduct Authority has admitted that policymakers and regulators should have done more to protect consumers from risks that arose with the introduction of pension freedoms.
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NewsFCA urges BSPS members to quickly file complaints
The Financial Conduct Authority has written to individuals who transferred out of the British Steel Pension Scheme in 2016, urging them to file their complaints as soon as possible.
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NewsBailey to be grilled by MPs over British Steel saga
Bank of England governor Andrew Bailey is set to appear before a group of MPs to answer questions about his role in the British Steel Pension Scheme scandal when he was at the financial regulator.
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NewsGovt rejects call for automatic Pension Wise appointments
The government has ruled out automatically enrolling pension savers into guidance appointments with Pension Wise before they can access their retirement pot.
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OpinionGetting ready for the pensions dashboards
Taylor Wessing’s pensions partner Anna Taylor details the latest developments with the pensions dashboards project and what trustees should be doing to get their schemes ready for it.
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NewsFCA relaunches pension transfer advice checker tool
On the go: The Financial Conduct Authority has relaunched its pension transfer advice checker tool, which has been designed so that consumers can see whether they have received unsuitable advice.
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OpinionTPR: The Green Cross Code man
Broadstone’s technical director David Brooks details how trustees must help scheme members to avoid bad transfer decisions as the regulator takes a ‘Green Cross Code’ approach.
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NewsRegulators warn P&O staff over DB pension transfers
On the go: Regulators have warned current and former employees of P&O Ferries “not to make any quick decisions” with their defined benefit pension following mass redundancies.
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NewsPLSA calls for 12-month dashboards grace period from regulators
On the go: The Pensions and Lifetime Savings Association has appealed for “a degree of latitude” from regulators in the months after the pensions dashboards are introduced.
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NewsDashboards timeline and guidance barriers concern industry bodies
Two of the pensions industry’s largest organisations have caveated their broad support for the pensions dashboards project with concerns about timing, consistency and red tape surrounding financial advice.
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NewsFCA plans £71mn redress scheme for former British Steel members
On the go: The Financial Conduct Authority has set out plans to deliver £71.2mn in compensation to former members of the British Steel Pension Scheme who received unsuitable advice to transfer out of their pension.
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NewsMPs to quiz FCA chief over BSPS scandal
On the go: The chief executive of the Financial Conduct Authority will be questioned by MPs as part of an inquiry into the British Steel Pension Scheme saga.