Law and Regulation

The Competition and Markets Authority (CMA) published its provisional decision on its investment consultant market investigation this morning. Here is the reaction from consultants and fiduciaries…

Investment consultants have been spared a major shake-up in their operations and business models after an investigation by the competition watchdog proposed just a handful of remedies.

Scammers may be trying to steal savings from workers by falsely claiming to be calling from The Pensions Regulator (TPR), according to a warning from the watchdog.

The Financial Reporting Council (FRC) has unveiled the 2018 version of its UK corporate governance code, setting out how it believes companies should approach relationships with shareholders, including pension schemes.

Secretary of state for work and pensions Esther McVey may end the government's involvement in the pensions dashboard project, according to reports.

The Competition and Markets Authority (CMA) will publish its provisional decision as to whether there are adverse effects on competition in the investment consultants market on the morning of 18 July.

Collective defined contribution (CDC) schemes are the "best means" for achieving the right balance between collective benefit security and individual freedom and choice, the Work and Pensions Committee (WPC) says.

The Pensions Regulator (TPR) missed one of its 19 performance targets over the last year, it confirmed in its annual report and accounts.

A consultation on a cold-calling ban will be published "imminently", the government has said as it laid out plans for the policy.

The government should extend its support for schemes seeking to reconcile guaranteed minimum pension (GMP) records until October 2019, Willis Towers Watson has said.