UK - The Isle of Man's pension regulatory framework looks set for a major overhaul.
The Isle of Man Insurance and Pensions Authority has launched a consultation, which was due to end on 28 February, on proposals which aims to give extra protection to fund members.
The IPA has also changed the vesting requirements for international pension schemes, extending the maximum ceiling from two to seven years.
A "substantial" parliamentary bill acting as a "roadmap" for the long-term future of private pensions will lead to a "significant period of calm", Guy Opperman has promised.
The Department for Work and Pensions (DWP) has completed its appointment process for the Single Financial Guidance Body's (SFGB) board, naming three non-executive directors.
Pensions and financial inclusion minister Guy Opperman has launched a simplified two-page annual statement in a bid to provide a best practice template for the industry.
Some 70% of defined contribution (DC) members want to know their scheme is personalised and tailored to their needs, an Invesco language study reveals.