EUROPE - The European Union (EU) Council has given its presidency a mandate to negotiate a final draft of Alternative Investment Fund Managers (AIFM) directive with the European Parliament (EP), the final step before an expected approval in July.
The decision comes after the EP Economic and Monetary Affairs Committee (Econ) adopted its own position on the draft directive yesterday. Members of the EP voted for ways to deal with managers and funds...
The government should consider handing to a minister the specific responsibility for tackling the growing number of scams across the finance sector, AJ Bell says.
The Transparency Task Force (TTF) has published an open letter to prime minister Boris Johnson asking him to take a personal interest in pension scam problems and push for legislative flexibilities for scam victims.
Pensions and financial inclusion minister Guy Opperman has confirmed a cross-sector working group to address the problems caused by small pension pots.
Outgoing chief executive calls on regulator to change
The time flexibility provisions introduced to help schemes which need to report late payments from employers for workplace pension schemes will be revoked, The Pensions Regulator (TPR) has confirmed.