Regulation

THE Financial Services Authority has fined AWD Chase de Vere Wealth Management £1.12m for "serious failings" in its pension transfer, pension annuity and income withdrawal business.

Eversheds has written to the department for work and pensions to highlight "inconsistencies and practical problems" with employer debt regulations.

The Investment Management Association has published five case studies to help trustees assess potential conflicts of interest faced by their investment consultant, investment manager and other advisers.

Three trustees were ordered to repay £411,000 after loaning half of the scheme's assets to the failing sponsor and making questionable investments in US property.

THE Pension Protection Fund deficit could increase as more firms become insolvent, the lifeboat fund admitted today.

Proposed amendments to the Pensions Bill could increase administration costs for sponsoring employers by as much as £100m per year, Hewitt Associates says.

THE Pensions Regulator is issuing a statement to trustees of all work-based pension schemes setting out its general position in relation to current market conditions.

UK - The Pensions Regulator is issuing a statement to trustees of all work-based pension schemes setting out its general position in relation to current market conditions.

The Pensions Regulator has published an outline of its code of practice on the material detriment test proposed by the government when issuing contributing notices.

Nick Boyes of Alexander Forbes assesses the effect of recession on pension schemes and employers