Industry

This week’s top stories included the FRC issuing a £65,000 penalty and severe reprimand against Richard Jones over previous advice to Guinness Peat Group, and news of Emma Douglas’ departure from LGIM.

The Institute and Faculty of Actuaries (IFoA) has urged the government to tackle social care reform and to support alternative structures, such as collective defined contribution (CDC) schemes, to rebalance the risks facing individuals.

The former restructuring advisory and employer covenant business of KPMG has rebranded and launched as Interpath Advisory.

The Pensions and Lifetime Savings Association (PLSA) has welcomed the government’s intention to extend the scope of the Taskforce for Climate-related Financial Disclosures (TCFD).

The Bank of England’s monetary policy committee has voted unanimously to hold its key interest rate at 0.1%, with the central bank now forecasting a stronger outlook for GDP growth and inflation.

More than half of savers expect the companies in their pension to publish ethnicity pay gap reports, PensionBee research finds.

Ross Trustees’ Scott Duncan offers guidance on what a good adviser review should look like.

Here they are. The finalist lists for the UK Pensions Awards 2021.

After initial fears, the future of admin looks positive. Holly Roach reports.