Law and Regulation

Jack Jones says the culture of caveat emptor doesn't work for pensions

The Trades Union Congress (TUC) has warned that savers will be ripped off in ways that are "perfectly legal" when they can access their defined contribution (DC) pension pots from this April.

Retirees will have little comeback if they receive poor guidance outside of the Treasury's Pension wise service, lawyers have warned.

The Pensions Regulator (TPR) has urged defined benefit (DB) trustees to ensure an expected surge in transfers does not jeopardise scheme funding levels.

PP looks at the latest proposals to actually tell schemes what they pay asset managers

Top stories on PP this week included worries about the funding impact of DB members cashing out, small pot consolidation, and Steve Webb's hopes and regrets. Here's what you might have missed.

George Osborne's pensions freedom package, due to come into force in April, is at risk of becoming an "infamous example of political bungling" unless advice concerns are addressed, Phil Loney has said.

The industry has called for further clarity from the European Commission (EC) on the meaning of cross-border activity in the revised Institutions for Occupational Retirement Provision Directive (IORP II).

Pensions minister Steve Webb has urged the next government to introduce joint ministers across pensions, the ageing society and the Treasury to break down silos between the departments.

Asset managers should be subject to similar regulation to annuity providers if they are to get involved in the retirement income market, argues the Financial Inclusion Centre.