UK - A step-by-step guide on running money purchase pension schemes for financial advisers and employers has been launched by Friends Provident.
The 68-page guide gives in-depth explanations on how legislation affects the running of contracted-in DC occupational schemes.
It looks at a number of key topics including scheme administration, appointment of professional advisers and member-nominated trustees.
Head of pensions marketing Jeremy Ward said: “This guide provides detailed information on the legislation affecting DC schemes. When read in conjunction with two other Friends Provident guides – namely A simplified guide to pension schemes and A guide to restructuring an occupational pension scheme a comprehensive knowledge base is to hand.”
For copies, contact [email protected]
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.