Annuity providers will be required to inform their customers how much they could gain from shopping around and switching provider before they purchase an annuity, the Financial Conduct Authority (FCA) says.
The regulator plans to ask providers to build an "annuity comparator" tool, in the form of an information prompt before an annuity is purchased. The prompt will have to show the difference between the...
The Pensions Regulator (TPR) has failed to assuage concerns over its enhanced criminal sanctions regime with the industry continuing to call for clarity.
Matthew Swynnerton explores the impacts of the Pension Schemes Act 2021
Geoff Egerton looks at how the criminal sanctions regime will impact the pensions industry
Government proposals to employ a charge cap smoothing mechanism in a bid to incentivise defined contribution (DC) pension scheme investment in illiquid assets could have the opposite effect, says the Society of Pension Professionals (SPP).
Three people have appeared in court in connection with an investigation into pension fraud totalling nearly £14m.