More Law & Regulation – Page 113
-
News
FCA cites ways to crank up consumer protection amid competition concerns
The rising number of consumers who buy drawdown without advice has given prominence to the need for greater support and protection, says the Financial Conduct Authority.
-
NewsPension law slowly catches up with society on equal rights
The Supreme Court has overruled the Equalities Act 2010 in Walker v Innospec, meaning pension schemes can no longer refuse pensions to same-sex spouses for pre-2005 service, but has stopped short of giving equal pension rights to a part-time worker.
-
News
Locum GPs call for pensions admin overhaul
Locum GPs are calling for an overhaul of their pensions administration as sporadic correspondence and scant communication cause confusion.
-
News
Taylor review urges action on increasing AE coverage
The Matthew Taylor Review of Modern Working Practices highlights ways in which self-employed people could be helped to save for retirement, but questions remain.
-
News
Cridland: Longevity as big an issue as climate change
Savers need to be more aware of the consequences of an ageing population on retirement saving, with providers, regulators and employers all having a part to play in improving engagement, say experts.
-
NewsGauke calls for government and industry collaboration
In his first speech as Secretary of State for Work and Pensions, David Gauke called for consensus and collaboration to ensure a positive future for pensions, but admitted that it will take time to address some of the more challenging policy issues, from pensions tax relief to extending auto-enrolment to the self-employed.
-
NewsWatchdog referral looms for investment consulting industry
Industry-led proposals to minimise conflicts of interest in investment consulting have been rejected by the Financial Conduct Authority, bringing firms a step closer to investigation by the Competition and Markets Authority.
-
NewsRegulator’s BHS report focuses on areas of improvement
The Pensions Regulator has highlighted the lessons it has learnt from the BHS case in a recently published regulatory intervention report, as experts stress the need for more proactive engagement.
-
NewsNo all-in fee for asset management firms
Asset management firms must disclose estimated and actual fees and transaction costs to clients, but should not be forced to charge a single fee for services, the Financial Conduct Authority has recommended.
-
News
Triple lock to be retained in Tory-DUP deal
The Conservatives and the Democratic Unionist Party have struck a deal to maintain the triple lock, sparking concerns over what this means for pensions policy in the long term.
-
NewsQueen's Speech omits pensions as focus is firmly on Brexit
After the intensity and frequency of debate and consultation on pension issues, the industry is left in limbo by the government’s legislative programme.
-
NewsFCA transfer proposals welcomed but timeline draws criticism
The Financial Conduct Authority’s new proposals on pension transfers have been widely welcomed across the industry, but concerns around the 2018 implementation of the final rules remain.
-
News
Pensions Institute: Relax DB promises to tackle PPF drift
Stressed schemes and employers should be allowed to reduce pension increases and gain easier access to Pension Protection Fund-plus benefit-restructuring methods in order to minimise “PPF drift”, a new academic paper has said.
-
News
Employers urged to actively manage covenant
Employers and schemes must take a more active approach to managing their pension liabilities to improve covenant strength, experts say.
-
NewsPensions slip down the agenda after election
If Theresa May’s Conservatives succeed in forming a lasting government, their immediate policy concerns regarding pensions are unlikely to change.
-
News
Webb: Tories 'terrified' of AE contribution hike
The Conservative party is “terrified” to make changes that will safeguard pensions adequacy and enable older savers to leave work when they want, former pensions minister Sir Steve Webb has said.
-
News
FCA cracks down on transfer advice
Pension consultants have welcomed the Financial Conduct Authority’s adoption of a tough stance on companies advising on defined benefit transfers, calling it a “price worth paying” for member security in retirement.
-
News
Increased use of RAAs is 'inevitable', experts say
The Pensions Regulator has agreed a regulated apportionment arrangement with Hoover, as experts say the number of RAAs, as well as the amount of due diligence involved, is likely to increase.
-
NewsFCA final rule changes unlikely to help, experts say
The Financial Conduct Authority has published its final rules on requiring firms to provide an information prompt to consumers to improve shopping around in the annuity market, setting out a number of changes including an enhanced annuity warning.
-
News
Ideas from overseas can up engagement, report finds
The Pensions Policy Institute has published a report looking at consumer engagement with pensions and financial products across the world, highlighting numerous lessons the UK can learn from overseas.