UK - Proposals in the FSA's consultation paper CP170, Informing consumers: product disclosure at the point of sale, are flawed, the Association of Independent Financial Advisers has warned.
The AIFA is concerned by the “overly prescriptive requirements” for suitability letters, which could require advisers to send repeated communications to clients before any sale is completed and before the provider has finalised commission arrangements.
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).