FCA warns of asset manager failings on closet trackers
The UK watchdog has discovered problems with how some asset managers market their funds after finding several actively managed products that in reality closely track benchmarks.
In a thematic review of 23 funds titled 'Meeting investors' expectations', the Financial Conduct Authority (FCA) found that although most UK funds were operated in line with investors' expectations, three...
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David Fairs: Four weeks left to influence the future of DB funding
As TPR’s consultation on the principles underlying the revised code of practice for DB funding enters the final straight, David Fairs set outs why you should give the watchdog your views.
GMP Equalisation Working Group releases member comms guidance
The reconciliation and rectification sub-committee of the Guaranteed Minimum Pension Equalisation Working Group (GMPEWG) has published guidance on communicating with members.
The new divorce system and how trustees can support members
Nykol O’Shea looks at how trustees can aid members in dividing pension wealth as the UK moves away from a fault-based divorce system.
WPC asks industry for ideas to solve small pots problem
The Work and Pensions Committee (WPC) has asked the industry for “workable solutions” to address the problem of problem of proliferating small pension pots.
HMRC figures show plunging pension freedom withdrawals
A total of 340,000 people withdrew £2.3bn in flexible payments from their pensions in the second quarter of 2020, according to HM Revenue & Customs (HMRC).
