Law and Regulation

The Financial Conduct Authority's (FCA) competition director says the drawdown market must innovate and is worried that distrust of pensions is causing people to fully withdraw

The Supreme Court has ruled an exemption in the Equality Act, which allows schemes to exclude same-sex partners from spousal benefits accrued before December 2005, is discriminatory and breaches EU equality laws.

More than half of retirement pots accessed under pension freedom rules have been fully withdrawn, the Financial Conduct Authority confirmed in its interim retirement outcomes review.

The Pensions Regulator's (TPR) determinations panel has seen a significant rise in casework, making a record 41 determinations in the last financial year.

The 2016/17 annual report of The Pension Regulator (TPR) has highlighted the occurrence of one "serious incident" in the past year that resulted in data loss.

The number of enquiries handled by the Pensions Ombudsman's (PO) increased by more than a fifth to over 6,000 during the past financial year, according to its annual report.

The Pensions Regulator (TPR) has convicted an office manager after she failed to provide information it needed for an investigation into a suspected £13.8m scam.

PP research shows sector believes investment consultancy should be probed.

The upcoming Financial Guidance and Claims Bill will not include the pensions cold calling ban, the Department for Work and Pensions has said.

The Pensions Regulator issued 173 fines to schemes and trustees during 2016 as a result of failures to prepare annual governance statements or complete scheme returns.