Law and Regulation

A set of guiding principles for governance of the local government pension scheme (LGPS) investment pools have been published.

The industry has welcomed the Financial Conduct Authority’s (FCA) consultation on forcing asset managers to provide greater transparency on transaction costs.

Aviva Pension Trustees UK and Aviva Wrap UK have been fined £8,246,800 for failing to have adequate controls and oversight of its outsourced providers.

Baroness Jeannie Drake has questioned whether placing more responsibility on individuals amounts to an efficient long-term savings policy.

The Financial Conduct Authority (FCA) has proposed the introduction of a duty on asset managers to disclose aggregate transaction costs to pension schemes that invest in their funds.

The Pensions Regulator (TPR) has intervened to help members of a defined benefit (DB) scheme after it was accidentally converted into a defined contribution (DC) plan.

Savers should be able to use their nest eggs to buy a home, according to pensions minister Richard Harrington.

Plans to scrap mandatory advice for expats wanting to transfer their retirement pots overseas could open the door to scammers, it has been warned.

Well-funded defined benefit (DB) schemes should not be subject to triennial actuarial valuations, the Pensions Regulator's (TPR) non-executive chair Mark Boyle has said.

The delayed launch of a service to check the protection status of members following the lifetime allowance (LTA) cut will mean extra work for administrators.