Professional Pensions | 19 Dec 2014 | 11:57
The Financial Conduct Authority (FCA) must establish a ‘second line of defence’ for retirees ahead of pension freedom or the industry faces another major mis-selling scandal, according to MPs.
Top stories this week include two decisions from the Ombudsman, a scandal over DC charges, proposals to fix the LGPS and a 12-year low for inflation. Here's what you might have missed.
Professional Pensions | 19 Dec 2014 | 10:27
The Pensions Ombudsman (PO) has ordered the trustees of the Capita Oak Scheme to grant a cash equivalent transfer value to a member trying to leave the plan.
Professional Pensions | 18 Dec 2014 | 12:50
Respondents were divided on whether regulators should censure schemes that do not take adequate steps to make sure defined contribution (DC) members take informed decisions at retirement, PP research finds.
Professional Pensions | 18 Dec 2014 | 11:41
Industry figures are shocked at yesterday’s revelation that one in four contract-based and bundled trust-based schemes are charging more than 1%.
Professional Pensions | 18 Dec 2014 | 11:02
Up to £25.8bn of assets in contract-based and bundled trust-based defined contribution (DC) schemes is in funds charging 1% or more annually, according the Independent Project Board (IPB).
Professional Pensions | 17 Dec 2014 | 11:17 |
The Financial Reporting Council (FRC) has revised regulation around Statutory Money Purchase Illustration (SMPI) regulations to let providers use their discretion on assumptions relating to auto-enrolment increases and guaranteed annuity rates.
Professional Pensions | 16 Dec 2014 | 17:44 |
The Pensions Ombudsman (PO) has rejected a complaint against the trustees of the Baptist Ministers’ Pension Fund alleging they failed to highlight the debt obligations of the sponsor.
Professional Pensions | 15 Dec 2014 | 12:59 |
Interest rates for the new 'pensioner bonds' announced at Budget 2014 have been set at a market-beating 2.8% for the one-year product and 4% for the three-year bond.
Professional Pensions | 15 Dec 2014 | 11:48 |
The rejection of most of the Nortel scheme's claims against its former sponsor was a set back for the PPF and the regulator. Charles Russell Speechlys sets out the lessons learned.
Professional Pensions | 12 Dec 2014 | 14:04 |
PP examines the latest development in the Nortel pension scheme court battle.
Professional Pensions | 12 Dec 2014 | 13:47 |
The Financial Conduct Authority (FCA) Thematic Review into annuities found that many providers are not communicating retirement options adequately to retirees. Helen Morrissey finds that trustees and employers will increasingly be asked to bridge the gap.
Professional Pensions | 11 Dec 2014 | 17:48 |
Pensions minister Steve Webb has confirmed its intention to have a pot follows member system to consolidate small pots in place by autumn 2016.
Professional Pensions | 11 Dec 2014 | 15:12 |
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