All Regulation articles – Page 68
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OpinionWill the FCA market study revolutionise pensions?
The Financial Conduct Authority’s asset management market study is finally with us, but despite the dramatic headlines, the final report turned out not to be the ‘game changer’ that some hoped for and others feared.
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OpinionWill the regulator's new interventionism work?
In its 2017 annual funding statement, the Pensions Regulator announced its intention to intervene more frequently in the running of defined benefit pension schemes by sponsors and trustees.
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OpinionAn industry under pressure
It had to happen at some point: the Financial Conduct Authority has set its sights on the investment consulting market.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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FeaturesHP sets up trustee company in simplification push
The Hewlett Packard Limited Retirement Benefits Plan has changed the structure of its trustee board to a trustee company, in a move to simplify processes while increasing scrutiny of trustee actions.
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News
Advice suitable but disclosure too complex, finds FCA
The Financial Conduct Authority has published the findings from its review into the suitability of pensions and investment advice, but while the results are reassuring, experts say more needs to be done to make advice less convoluted.
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NewsTata and BSPS agree terms for PPF-plus deal
Trustees of the £15bn British Steel Pension Scheme have agreed the key commercial terms of a regulated apportionment arrangement with sponsor Tata Steel UK, which would see members offered modified benefits as part of a new scheme.
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NewsBlockchain and bitcoin: Trustees urged to adapt to change
Many are still unfamiliar with the concept of bitcoin and blockchain, but experts say the pensions industry must engage with technology and accept change to adapt to an increasingly digital world.
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Opinion
What the DB green paper might (not) change
Millions of savers across the UK rely on defined benefits to fund all or part of their retirement, but threats to member security, illustrated by a number of high profile cases over recent years, are rocking the boat.
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Opinion
Blackford: Pension commission could restore consumer trust
In the second instalment of our 2017 election pensions spokespeople series, we hear from Ian Blackford, who is standing for re-election as the Scottish National Party representative for Skye, Ross and Lochaber.
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NewsNortel inches closer to PPF-plus as £5bn lockbox opened
The Nortel Networks UK Pension Plan is set to receive more than £1bn in assets from its insolvent sponsor Nortel in the coming months, after US and Canadian courts agreed to open a $7bn (£5.4bn) escrow ‘lockbox’.
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Opinion
Should trustees review their advisers more often?
Analysis: There are myriad tasks involved in running a pension scheme, so time is precious and efficiency is key. But when it comes to evaluating advice, how can trustees measure performance, and should they be reviewing their consultants more frequently?
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Opinion
Cunningham: Next government must boost transparency
In the first of a series of interviews with political candidates representing their parties on pensions issues, we hear from Alex Cunningham, Labour MP for Stockton North.
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News
Small employers urged to plan ahead as more miss staging deadline
A rising number of small employers are missing their auto-enrolment staging deadline, a new study has shown, as experts highlight the importance of being prepared and planning ahead to make sure employees benefit from a pension.