FCA to mandate annuity comparison tool
The Financial Conduct Authority (FCA) is considering whether to force firms to provide clients with an annuity comparator tool after initial trials produced a dramatic increase of consumers shopping around for the best deals.
The regulator will consult later in the year on rules governing the use of the tool, which had pushed up shopping around level from 13% to 40% when tested on consumers in recent months. The FCA had...
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New TPR powers could lead to upsurge in clearance applications
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The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.
FCA data reveals over £20bn of DB transfers between 2018 and 2020
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
Trustees will need to be corporate finance experts under new TPR powers
Pension trustees will have much more involvement in business discussions and corporates will need to think more about pensions when the watchdog’s increased powers come into force, LCP says.
Is mediation set to become the new normal for pension disputes?
Mediation has been under-utilised historically as a means of dispute resolution in this area. Mark Blyth and Geoff Egerton think this is going to change.
