UK - The Financial Services Authority has produced a consultation paper on how to improve the corporate governance of life insurance firms and with-profits funds.
FSA managing director for insurance John Tiner said: “This package of measures will shine a searchlight into life insurers’ boardrooms and show how discretion is exercised in with-profits funds.
“They will ensure that boards and senior management are accountable not only for the decisions they take but also for ensuring that they obtain actuarial advice where appropriate.”
The Pensions Regulator (TPR) and Financial Conduct Authority (FCA) have launched a refreshed ScamSmart campaign to warn savers about unsolicited pension communications.
Ann Harris OBE and Mike Dailly have been appointed non-executive directors at the upcoming single financial guidance body (SFGB).
Pension schemes are "placing too much focus" on a narrow section of the private debt market where competition is driving down "compelling opportunities", according to Willis Towers Watson.
Barnett Waddingham's head of business development Adrian Cooper has left the consultancy to join TPT Retirement Solutions in a newly-created role.