Professional Pensions www.professionalpensions.com Industry uncertain about LTA implementation, survey says <img alt="Industry uncertain about LTA implementation, survey says" src="https://www.professionalpensions.com/api/v1/wps/21c60fd/386180f2-8319-4185-9ad7-2969d8b377c2/1/HMRC-pension-tax-relief-185x114.jpg" /> <p><!--summary start--> A Sackers survey on the upcoming removal of the lifetime allowance (LTA) has highlighted concern among the industry about its implementation and impact on members. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/21c60fd/386180f2-8319-4185-9ad7-2969d8b377c2/1/HMRC-pension-tax-relief-185x114.jpg https://www.professionalpensions.com/news/4172196/industry-uncertain-about-lta-implementation-survey https://www.professionalpensions.com/news/4172196/industry-uncertain-about-lta-implementation-survey https://www.professionalpensions.com/news/4172196/industry-uncertain-about-lta-implementation-survey Fri, 9 Feb 2024 10:18:38 +0000 Government maintains AE earnings trigger at £10,000 <img alt="Government maintains AE earnings trigger at £10,000 " src="https://www.professionalpensions.com/api/v1/wps/8174e44/365c1577-f406-4b43-9f1b-245cfbc19afc/3/iStock-584884858-185x114.jpg" /> <p><!--summary start--> The government has confirmed the auto-enrolment (AE) earnings trigger has been maintained at £10,000 for 2024/25, following its annual review. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/8174e44/365c1577-f406-4b43-9f1b-245cfbc19afc/3/iStock-584884858-185x114.jpg https://www.professionalpensions.com/news/4170783/government-maintains-ae-earnings-trigger-gbp https://www.professionalpensions.com/news/4170783/government-maintains-ae-earnings-trigger-gbp https://www.professionalpensions.com/news/4170783/government-maintains-ae-earnings-trigger-gbp Tue, 6 Feb 2024 12:28:17 +0000 DB funding regs prove 'missed opportunity', LCP says <img alt="DB funding regs prove &#39;missed opportunity&#39;, LCP says" src="https://www.professionalpensions.com/api/v1/wps/4ca885d/a9b7c846-132f-4acf-acf8-73532d05d6f3/0/Consultation-papers-185x114.jpg" /> <p><!--summary start--> The defined benefit (DB) funding regulations may have been a “missed opportunity” to clarify the options for schemes with surpluses, analysis by Lane Clark & Peacock (LCP) has found. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/4ca885d/a9b7c846-132f-4acf-acf8-73532d05d6f3/0/Consultation-papers-185x114.jpg https://www.professionalpensions.com/news/4170498/db-funding-regs-prove-missed-opportunity-lcp https://www.professionalpensions.com/news/4170498/db-funding-regs-prove-missed-opportunity-lcp https://www.professionalpensions.com/news/4170498/db-funding-regs-prove-missed-opportunity-lcp Mon, 5 Feb 2024 14:32:35 +0000 Two in five schemes yet to engage with general code <img alt="Two in five schemes yet to engage with general code" src="https://www.professionalpensions.com/api/v1/wps/7c905ae/2b6f5c16-be10-4a87-a44a-771599780daa/0/Regulation-strategy-185x114.jpg" /> <p><!--summary start--> Two in five (40%) schemes have only ‘briefly’ looked at the recently launched general code of practice and are yet to engage fully with its requirements, research from Lane Clark & Peacock (LCP) has found. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/7c905ae/2b6f5c16-be10-4a87-a44a-771599780daa/0/Regulation-strategy-185x114.jpg https://www.professionalpensions.com/news/4167613/schemes-engage-code https://www.professionalpensions.com/news/4167613/schemes-engage-code https://www.professionalpensions.com/news/4167613/schemes-engage-code Fri, 26 Jan 2024 14:49:21 +0000 IIGCC issues guidance on scope 3 emissions <img alt="IIGCC issues guidance on scope 3 emissions" src="https://www.professionalpensions.com/api/v1/wps/9938e92/d4f57d45-83dc-4107-ac97-9e1c9299f4b2/2/Climate-change-679-419-185x114.jpg" /> <p><!--summary start--> The Institutional Investors Group on Climate Change (IIGCC) has updated on its approach to scope 3 emissions in its latest discussion paper. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/9938e92/d4f57d45-83dc-4107-ac97-9e1c9299f4b2/2/Climate-change-679-419-185x114.jpg https://www.professionalpensions.com/news/4167387/iigcc-issues-guidance-scope-emissions https://www.professionalpensions.com/news/4167387/iigcc-issues-guidance-scope-emissions https://www.professionalpensions.com/news/4167387/iigcc-issues-guidance-scope-emissions Thu, 25 Jan 2024 15:11:59 +0000 Industry concerned and mostly against DWP's pot for life proposals <img alt="Industry concerned and mostly against DWP&#39;s pot for life proposals" src="https://www.professionalpensions.com/api/v1/wps/322cedb/9ad73bf3-099d-4dbf-8661-193528e6f33d/9/Consultation-paperwork-185x114.jpg" /> <p><!--summary start--> The pensions industry has reacted to the government’s proposed lifetime provider model, raising concerns about the likelihood of its achievability. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/322cedb/9ad73bf3-099d-4dbf-8661-193528e6f33d/9/Consultation-paperwork-185x114.jpg https://www.professionalpensions.com/news/4167042/industry-concerned-dwps-pot-life-proposals https://www.professionalpensions.com/news/4167042/industry-concerned-dwps-pot-life-proposals https://www.professionalpensions.com/news/4167042/industry-concerned-dwps-pot-life-proposals Wed, 24 Jan 2024 15:50:43 +0000 ACA expresses 'serious doubts' over pot for life proposals <img alt="ACA expresses &#39;serious doubts&#39; over pot for life proposals" src="https://www.professionalpensions.com/api/v1/wps/db667dc/ab9f1e1d-816c-4eac-8d52-27d276e38148/2/Consultation-docments-185x114.jpg" /> <p><!--summary start--> There are several “serious doubts” around the lifetime provider model, the Association of Consulting Actuaries (ACA) has said. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/db667dc/ab9f1e1d-816c-4eac-8d52-27d276e38148/2/Consultation-docments-185x114.jpg https://www.professionalpensions.com/news/4166607/aca-doubts-pot-life-proposals https://www.professionalpensions.com/news/4166607/aca-doubts-pot-life-proposals https://www.professionalpensions.com/news/4166607/aca-doubts-pot-life-proposals Tue, 23 Jan 2024 14:48:12 +0000 TPR: Imperative for industry to grasp opportunity of regulatory changes <img alt="TPR: Imperative for industry to grasp opportunity of regulatory changes" src="https://www.professionalpensions.com/api/v1/wps/f1ef396/4610032d-401b-4e56-bd60-9c4f8a8bde1f/2/Nausicaa-Delfas-185x114.jpg" /> <p><!--summary start--> The pensions industry must “grasp” the opportunity of incoming regulatory changes to boost member outcomes, The Pensions Regulator (TPR) chief executive (CEO) Nausicaa Delfas has said. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/f1ef396/4610032d-401b-4e56-bd60-9c4f8a8bde1f/2/Nausicaa-Delfas-185x114.jpg https://www.professionalpensions.com/news/4150381/tpr-imperative-industry-grasp-opportunity-regulatory-changes https://www.professionalpensions.com/news/4150381/tpr-imperative-industry-grasp-opportunity-regulatory-changes https://www.professionalpensions.com/news/4150381/tpr-imperative-industry-grasp-opportunity-regulatory-changes Fri, 24 Nov 2023 14:38:20 +0000 Paul Maynard: Member outcomes, investment and consolidation are priorities <img alt="Paul Maynard: Member outcomes, investment and consolidation are priorities" src="https://www.professionalpensions.com/api/v1/wps/da21273/05437591-5c15-42cb-9596-534f0ca67068/3/Paul-Maynard-185x114.jpg" /> <p><!--summary start--> A focus on value and consolidation, “boosting member benefits” and investing in productive finance will be key focus areas of pensions going forward, pensions minister Paul Maynard has said. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/da21273/05437591-5c15-42cb-9596-534f0ca67068/3/Paul-Maynard-185x114.jpg https://www.professionalpensions.com/news/4149893/paul-maynard-member-outcomes-investment-consolidation-priorities https://www.professionalpensions.com/news/4149893/paul-maynard-member-outcomes-investment-consolidation-priorities https://www.professionalpensions.com/news/4149893/paul-maynard-member-outcomes-investment-consolidation-priorities Thu, 23 Nov 2023 13:52:16 +0000 Does 'pot for life' spell the end of the workplace pension scheme? <img alt="Does &#39;pot for life&#39; spell the end of the workplace pension scheme?" src="https://www.professionalpensions.com/api/v1/wps/915a6f6/3628c89c-2def-4705-95ce-2250cd5aadf1/4/iStock-1152037726-parliament-185x114.jpg" /> <p><!--summary start--> In 1993 there were 2,920 in-house defined benefit (DB) and defined contribution (DC) company pension schemes in Australia, now there are just 8. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/915a6f6/3628c89c-2def-4705-95ce-2250cd5aadf1/4/iStock-1152037726-parliament-185x114.jpg https://www.professionalpensions.com/opinion/4149720/pot-life-spell-end-workplace-pension-scheme https://www.professionalpensions.com/opinion/4149720/pot-life-spell-end-workplace-pension-scheme https://www.professionalpensions.com/opinion/4149720/pot-life-spell-end-workplace-pension-scheme Thu, 23 Nov 2023 09:43:25 +0000 DWP: Trustees would benefit from further training and guidance <img alt="DWP: Trustees would benefit from further training and guidance" src="https://www.professionalpensions.com/api/v1/wps/d81c510/687b7433-6ee2-4d2a-a0b6-6b14df9fc6b7/8/iStock-171276211-treasury-185x114.jpg" /> <p><!--summary start--> Pension scheme trustees would benefit from further support, guidance and training, a Department for Work and Pensions (DWP) and HM Treasury call for evidence has concluded. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/d81c510/687b7433-6ee2-4d2a-a0b6-6b14df9fc6b7/8/iStock-171276211-treasury-185x114.jpg https://www.professionalpensions.com/news/4149520/dwp-trustees-benefit-training-guidance https://www.professionalpensions.com/news/4149520/dwp-trustees-benefit-training-guidance https://www.professionalpensions.com/news/4149520/dwp-trustees-benefit-training-guidance Wed, 22 Nov 2023 15:52:39 +0000 Autumn Statement 23: Chancellor letters outline pensions agenda <img alt="Autumn Statement 23: Chancellor letters outline pensions agenda" src="https://www.professionalpensions.com/api/v1/wps/09e4365/fadb9a8c-6f2c-4c17-8ebf-e11112bac41a/1/53346789239-5b852fcf19-k-185x114.jpg" /> <p><!--summary start--> Chancellor Jeremy Hunt and Department for Work and Pensions (DWP) work and pensions secretary Mel Stride have outlined the government’s approach to pensions reform following today’s (22 November) Autumn Statement in letters to The Pensions Regulator (TPR) and Financial Conduct Authority (FCA). <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/09e4365/fadb9a8c-6f2c-4c17-8ebf-e11112bac41a/1/53346789239-5b852fcf19-k-185x114.jpg https://www.professionalpensions.com/news/4149445/autumn-statement-23-chancellor-letters-outline-pensions-agenda https://www.professionalpensions.com/news/4149445/autumn-statement-23-chancellor-letters-outline-pensions-agenda https://www.professionalpensions.com/news/4149445/autumn-statement-23-chancellor-letters-outline-pensions-agenda Wed, 22 Nov 2023 14:27:01 +0000 Autumn Statement 23: What to expect for pensions <img alt="Autumn Statement 23: What to expect for pensions" src="https://www.professionalpensions.com/api/v1/wps/dd8dfbe/8144c3e9-9d2e-4b0e-97b2-c753e92e0f76/5/52503112462-c8dd915dc0-6k-185x114.jpg" /> <p><!--summary start--> The pensions industry is expecting clarity from chancellor Jeremy Hunt in tomorrow’s (22 November) Autumn Statement. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/dd8dfbe/8144c3e9-9d2e-4b0e-97b2-c753e92e0f76/5/52503112462-c8dd915dc0-6k-185x114.jpg https://www.professionalpensions.com/news/4148900/autumn-statement-23-expect-pensions https://www.professionalpensions.com/news/4148900/autumn-statement-23-expect-pensions https://www.professionalpensions.com/news/4148900/autumn-statement-23-expect-pensions Tue, 21 Nov 2023 14:58:51 +0000 Hymans Robertson calls for a pensions commission <img alt="Hymans Robertson calls for a pensions commission " src="https://www.professionalpensions.com/api/v1/wps/2df4758/a5287e8a-7472-4ec2-985d-10d8e5bee78a/1/July21Bowman-004-edited-version-1-185x114.jpeg" /> <p><!--summary start--> Hymans Robertson has called for a pensions commission and a long-term policy approach, in a letter sent to Work and Pensions Committee (WPC) chair Stephen Timms MP. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/2df4758/a5287e8a-7472-4ec2-985d-10d8e5bee78a/1/July21Bowman-004-edited-version-1-185x114.jpeg https://www.professionalpensions.com/news/4146026/hymans-robertson-calls-pensions-commission https://www.professionalpensions.com/news/4146026/hymans-robertson-calls-pensions-commission https://www.professionalpensions.com/news/4146026/hymans-robertson-calls-pensions-commission Tue, 14 Nov 2023 10:45:27 +0000 Pension fund clearing call for evidence published <img alt="Pension fund clearing call for evidence published" src="https://www.professionalpensions.com/api/v1/wps/4ca885d/a9b7c846-132f-4acf-acf8-73532d05d6f3/0/Consultation-papers-185x114.jpg" /> <p><!--summary start--> The Treasury has published a call for evidence on the clearing exemption for pension funds, which is due to expire in June 2025. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/4ca885d/a9b7c846-132f-4acf-acf8-73532d05d6f3/0/Consultation-papers-185x114.jpg https://www.professionalpensions.com/news/4145592/pension-fund-clearing-evidence-published https://www.professionalpensions.com/news/4145592/pension-fund-clearing-evidence-published https://www.professionalpensions.com/news/4145592/pension-fund-clearing-evidence-published Mon, 13 Nov 2023 14:04:30 +0000 Disagreement among industry over DWP general levy proposals <img alt="Disagreement among industry over DWP general levy proposals" src="https://www.professionalpensions.com/api/v1/wps/3284b0a/9ad73bf3-099d-4dbf-8661-193528e6f33d/3/Consultation-paperwork-185x114.jpg" /> <p><!--summary start--> The Association of Professional Pension Trustees (APPT) and the Association of Consulting Actuaries (ACA) have submitted responses to the Department for Work and Pensions’ (DWP) general levy consultation. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/3284b0a/9ad73bf3-099d-4dbf-8661-193528e6f33d/3/Consultation-paperwork-185x114.jpg https://www.professionalpensions.com/news/4145383/disagreement-industry-dwp-levy-proposals https://www.professionalpensions.com/news/4145383/disagreement-industry-dwp-levy-proposals https://www.professionalpensions.com/news/4145383/disagreement-industry-dwp-levy-proposals Mon, 13 Nov 2023 10:38:08 +0000 TPR to issue guidance on private markets investment by end of the year <img alt="TPR to issue guidance on private markets investment by end of the year" src="https://www.professionalpensions.com/api/v1/wps/5799f2c/4610032d-401b-4e56-bd60-9c4f8a8bde1f/0/Nausicaa-Delfas-185x114.jpg" /> <p><!--summary start--> The Pensions Regulator (TPR) chief executive Nausicaa Delfas has made a speech outlining the regulatory approach to encouraging investment and consolidation within the pensions market. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/5799f2c/4610032d-401b-4e56-bd60-9c4f8a8bde1f/0/Nausicaa-Delfas-185x114.jpg https://www.professionalpensions.com/news/4139098/tpr-issue-guidance-private-markets-investment-end https://www.professionalpensions.com/news/4139098/tpr-issue-guidance-private-markets-investment-end https://www.professionalpensions.com/news/4139098/tpr-issue-guidance-private-markets-investment-end Thu, 26 Oct 2023 13:16:24 +0000 PLSA 2023: Perspectives on pension scheme governance <img alt="PLSA 2023: Perspectives on pension scheme governance" src="https://www.professionalpensions.com/api/v1/wps/ebf4fc7/2b6f5c16-be10-4a87-a44a-771599780daa/1/Regulation-strategy-185x114.jpg" /> <p><!--summary start--> There has been an increased focus on scheme governance within the pensions industry over the last year, a session at the Pensions and Lifetime Savings Association (PLSA) annual conference has said. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/ebf4fc7/2b6f5c16-be10-4a87-a44a-771599780daa/1/Regulation-strategy-185x114.jpg https://www.professionalpensions.com/news/4136917/plsa-2023-perspectives-pension-scheme-governance https://www.professionalpensions.com/news/4136917/plsa-2023-perspectives-pension-scheme-governance https://www.professionalpensions.com/news/4136917/plsa-2023-perspectives-pension-scheme-governance Fri, 20 Oct 2023 13:20:30 +0000 Sports centre director pleads not guilty to pension fraud <img alt="Sports centre director pleads not guilty to pension fraud" src="https://www.professionalpensions.com/api/v1/wps/87983c8/265eff74-80f1-4086-b7cb-bfde5a1a172c/1/Scales-of-justice-in-courtoom-iStock-126236054-185x114.jpg" /> <p><!--summary start--> The director of a target sports centre has pleaded not guilty to allegations of pension fraud. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/87983c8/265eff74-80f1-4086-b7cb-bfde5a1a172c/1/Scales-of-justice-in-courtoom-iStock-126236054-185x114.jpg https://www.professionalpensions.com/news/4113373/sports-centre-director-pleads-guilty-pension-fraud https://www.professionalpensions.com/news/4113373/sports-centre-director-pleads-guilty-pension-fraud https://www.professionalpensions.com/news/4113373/sports-centre-director-pleads-guilty-pension-fraud Fri, 5 May 2023 09:43:22 +0000 Former business owner admits illegal investing <img alt="Former business owner admits illegal investing" src="https://www.professionalpensions.com/api/v1/wps/738e84e/7ea7d845-d130-49c4-9a19-c1d4a1eab5ef/3/bike-ga439c8b33-1920-185x114.jpg" /> <p><!--summary start--> A former owner of Norton Motorcycles has admitted illegally investing money into the business from three pension schemes for which he was the sole trustee. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/738e84e/7ea7d845-d130-49c4-9a19-c1d4a1eab5ef/3/bike-ga439c8b33-1920-185x114.jpg https://www.professionalpensions.com/news/4044620/former-business-owner-admits-illegal-investing https://www.professionalpensions.com/news/4044620/former-business-owner-admits-illegal-investing https://www.professionalpensions.com/news/4044620/former-business-owner-admits-illegal-investing Tue, 8 Feb 2022 11:54:02 +0000 Industry Voice: Protecting against cybercrime <img alt="Industry Voice: Protecting against cybercrime" src="https://www.professionalpensions.com/api/v1/wps/8053a3a/89b8a6f7-7929-48cb-ba31-dd7755e0f742/13/Head-shot-1-roi-1-185x114.jpg" /> <p><!--summary start--> <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/8053a3a/89b8a6f7-7929-48cb-ba31-dd7755e0f742/13/Head-shot-1-roi-1-185x114.jpg https://www.professionalpensions.com/sponsored/4037332/protecting-cybercrime https://www.professionalpensions.com/sponsored/4037332/protecting-cybercrime https://www.professionalpensions.com/sponsored/4037332/protecting-cybercrime Thu, 23 Sep 2021 02:15:04 +0000 Robin Ellison: Advice for advisers: a new liability <p><!--summary start--> Robin Ellison questions whether more regulations are really the best way to protect the public <!--summary end--></p> https://www.professionalpensions.com/opinion/4029656/robin-ellison-advice-advisers-liability https://www.professionalpensions.com/opinion/4029656/robin-ellison-advice-advisers-liability Wed, 14 Apr 2021 12:50:36 +0000 Responsible investment bill ignites shoehorning concerns <p><!--summary start--> Legislation formalising trustees’ ESG duties could be overly prescriptive and lay down too much pressure on schemes, the industry has told PP. <!--summary end--></p> https://www.professionalpensions.com/news/4023268/responsible-investment-ignites-shoehorning-concerns https://www.professionalpensions.com/news/4023268/responsible-investment-ignites-shoehorning-concerns Fri, 13 Nov 2020 12:40:27 +0000 Pension Schemes Bill will be law by the end of the year <p><!--summary start--> Despite an anticipated delay in the Pension Schemes Bill being debated in the House of Commons, Guy Opperman has confirmed he fully expects it to be law by the end of 2020. <!--summary end--></p> https://www.professionalpensions.com/news/4020218/pension-schemes-law-end https://www.professionalpensions.com/news/4020218/pension-schemes-law-end Tue, 15 Sep 2020 11:46:37 +0000 Pension tax changes for public workers lauded a fair choice <p><!--summary start--> The government’s proposal of temporary changes to pension tax for public sector workers amid the Covid-19 pandemic is the fairest choice, says Royal London. <!--summary end--></p> https://www.professionalpensions.com/ https://www.professionalpensions.com/ Thu, 23 Apr 2020 12:01:41 +0000 Oxfordshire County Council pension fund improves following TPR action <p><!--summary start--> Oxfordshire County Council has seen a "significant improvement" to its pension fund governance following action by The Pensions Regulator (TPR). <!--summary end--></p> https://www.professionalpensions.com/news/1002611/oxfordshire-county-council-pension-fund-improves-following-tpr-action https://www.professionalpensions.com/news/1002611/oxfordshire-county-council-pension-fund-improves-following-tpr-action Mon, 29 Apr 2019 10:51:00 +0000 DB pension freedom rights 'eroded' by Dear CEO letter <p><!--summary start--> The recent 'Dear CEO' letter sent by the FCA to pension providers could mean pension freedoms for defined benefit (DB) scheme members are "being eroded", one SIPP provider has warned. <!--summary end--></p> https://www.professionalpensions.com/news-analysis/3073271/db-pension-freedom-rights-eroded-dear-ceo-letter https://www.professionalpensions.com/news-analysis/3073271/db-pension-freedom-rights-eroded-dear-ceo-letter Wed, 27 Mar 2019 15:01:32 +0000 SLA tribunal triumph over Lloyds termination of £109bn Scottish Widows mandate <p><!--summary start--> Standard Life Aberdeen has won a tribunal in which it claimed Lloyds Banking Group was not entitled to give notice to terminate investment management arrangements for a £109bn mandate. <!--summary end--></p> https://www.professionalpensions.com/news/1005835/sla-tribunal-triumph-lloyds-termination-gbp109bn-mandate https://www.professionalpensions.com/news/1005835/sla-tribunal-triumph-lloyds-termination-gbp109bn-mandate Tue, 19 Mar 2019 08:15:00 +0000 Treasury launches fresh inquiry into post-Brexit financial regulation as UK enters 'uncharted waters' <p><!--summary start--> The Treasury Select Committee has launched a new inquiry into the future of the UK's financial services once it has left the European Union. <!--summary end--></p> https://www.professionalpensions.com/news/1023439/treasury-launches-fresh-inquiry-post-brexit-financial-regulation-uk-enters-uncharted-waters https://www.professionalpensions.com/news/1023439/treasury-launches-fresh-inquiry-post-brexit-financial-regulation-uk-enters-uncharted-waters Fri, 25 Jan 2019 10:55:37 +0000 Cost transparency: Where are we a year on? <p><!--summary start--> The transaction cost disclosure regulations have been in place for a year. Jon Parker says while there has been progress in obtaining data, there is a still a long way to go. <!--summary end--></p> https://www.professionalpensions.com/opinion/1019241/cost-transparency https://www.professionalpensions.com/opinion/1019241/cost-transparency Fri, 18 Jan 2019 12:55:00 +0000 Frank Field to meet Insolvency Service chief over BHS pre-sale audit <p><!--summary start--> Work and Pensions Committee (WPC) chairman Frank Field will continue his probe of former BHS owner Sir Philip Green as he prepares to meet Insolvency Service chief executive Sarah Albon later this month. <!--summary end--></p> https://www.professionalpensions.com/news/1022339/frank-field-meet-insolvency-service-chief-bhs-pre-sale-audit https://www.professionalpensions.com/news/1022339/frank-field-meet-insolvency-service-chief-bhs-pre-sale-audit Mon, 12 Nov 2018 00:00:00 +0000 Hammond to unveil study on pooling DC funds into patient capital - reports <p><!--summary start--> Chancellor of the Exchequer Philip Hammond is expected to use next Monday's Budget to launch a feasibility study into the use of pensions to fund UK patient capital opportunities. <!--summary end--></p> https://www.professionalpensions.com/news/1015686/hammond-unveil-study-pooling-dc-funds-patient-capital-reports https://www.professionalpensions.com/news/1015686/hammond-unveil-study-pooling-dc-funds-patient-capital-reports Fri, 26 Oct 2018 13:20:28 +0000 Suitability reports needed for advice against pension transfers - FCA <p><!--summary start--> The Financial Conduct Authority (FCA) is to press ahead with its plan to require firms to provide suitability reports for advice against a pension transfer despite concerns over additional advice costs. <!--summary end--></p> https://www.professionalpensions.com/news/1009266/suitability-reports-advice-pension-transfers-fca https://www.professionalpensions.com/news/1009266/suitability-reports-advice-pension-transfers-fca Thu, 4 Oct 2018 13:06:32 +0000 FCA delays decision on DB transfer contingent charging ban <p><!--summary start--> The Financial Conduct Authority (FCA) has held back from making any changes to its rules on contingent charging for defined benefit (DB) transfers in its latest policy paper on the subject. <!--summary end--></p> https://www.professionalpensions.com/news/1017870/fca-delays-decision-db-transfer-contingent-charging-ban https://www.professionalpensions.com/news/1017870/fca-delays-decision-db-transfer-contingent-charging-ban Thu, 4 Oct 2018 09:08:00 +0000 Brexit white paper: UK and EU won't have current levels of access to each other's markets <p><!--summary start--> The government has backed down from its calls for mutual regulatory recognition post Brexit and will now push for a deal that will see UK and EU financial services firms' access to each other's markets scaled back when the country leaves the bloc. <!--summary end--></p> https://www.professionalpensions.com/news/1021005/brexit-white-paper-uk-eu-wont-current-levels-access-markets https://www.professionalpensions.com/news/1021005/brexit-white-paper-uk-eu-wont-current-levels-access-markets Thu, 12 Jul 2018 13:03:39 +0000 IA updates Investment Management Agreement to reflect MiFID II changes <p><!--summary start--> The Investment Association (IA) has updated its template Investment Management Agreement (IMA) to reflect new MiFID II requirements, which came into force on 3 January 2018. <!--summary end--></p> https://www.professionalpensions.com/news/3033190/ia-updates-investment-management-agreement-reflect-mifid-ii-changes https://www.professionalpensions.com/news/3033190/ia-updates-investment-management-agreement-reflect-mifid-ii-changes Wed, 30 May 2018 08:10:00 +0000 Rising DB transfer claims push 2018/19 FSCS levy to £407m <p><!--summary start--> The FSCS has cited the growing number of claims relating to defined benefit (DB) pension transfers as the main reason for the lifeboat scheme's levy for this year being a fifth higher than it forecast in January. <!--summary end--></p> https://www.professionalpensions.com/news/1018974/rising-db-transfer-claims-push-2018-19-fscs-levy-gbp407m https://www.professionalpensions.com/news/1018974/rising-db-transfer-claims-push-2018-19-fscs-levy-gbp407m Tue, 1 May 2018 08:44:54 +0000 FCA eyes contingent charging ban in DB transfer advice <p><!--summary start--> The Financial Conduct Authority (FCA) has revealed it is considering whether to implement a ban on contingent charging for pension transfer advice. <!--summary end--></p> https://www.professionalpensions.com/news/1019737/fca-eyes-contingent-charging-ban-db-transfer-advice https://www.professionalpensions.com/news/1019737/fca-eyes-contingent-charging-ban-db-transfer-advice Tue, 27 Mar 2018 08:49:20 +0000 Eight retirement income questions the FCA and TPR want answered <p><!--summary start--> The FCA and TPR are seeking input on how best to collaborate in regulating the retirement income market over the coming decade, in the wake of the introduction of both pension freedom and auto-enrolment. <!--summary end--></p> https://www.professionalpensions.com/news/1019378/-retirement-income-questions-fca-tpr-answered https://www.professionalpensions.com/news/1019378/-retirement-income-questions-fca-tpr-answered Tue, 20 Mar 2018 10:23:19 +0000