Regulation

The Financial Services Authority has fined Gateshead-based IFA N-Hanced £21,000 for exposing their customers to the risk of receiving poor advice about switching their pension.

The anti-avoidance regulations proposed by the government in the budget will increase the use of pension alternatives, providers say.

Concern that The Pension Regulator is ‘directing' rather than ‘guiding' through its guidance is increasing within the industry, participants say.

The European Commission has launched a Green Paper reopening the issue of solvency standards in pension schemes.

EUROPE - The European Commission has launched a Green Paper reopening the issue of solvency standards in pension schemes.

EUROPE - European Commission Green Paper proposals for an adjusted version of Solvency II standards for pension schemes could force firms to hold huge unnecessary surpluses, the Confederation for British Industry said.

More than 94% of respondents to the Global Pensions 100 Panel said they had no intention of taking legal action against BP to recoup losses to their investments following the Gulf of Mexico oil spill.

Legal & General and Hymans Robertson have unveiled a health liability insurance plan which could save local government pension scheme sponsors hundreds of thousands of pounds.

RUSSIA - Russian Finance Minister Alexei Kudrin's proposal to raise the retirement age is an attack on the United Russia party that Prime Minister Vladimir Putin chairs, a senior party official said.

A Canadian court has once again prevented The Pensions Regulator from issuing a warning notice to recover £2.1bn from Nortel Networks in Canada.