Five stories you may have missed this week
This week's top stories included the House of Lords amending the Financial Guidance and Claims Bill to introduce new requirements around cold calling.
Also, Smart Pension unveiled plans to boost pension saving by tapping into savers' everyday lives and purchases, while the government said it will force defined contribution trustees to disclose investment costs and charges to members from next year.
1) Govt defeated by Lords on cold calling ban
The government was defeated in the House of Lords on Tuesday night as peers demanded a ban on cold calling be included in the upcoming Financial Guidance and Claims Bill.
2) Smart Pension plans pension top-ups while shopping
Smart Pension is seeking to introduce a mechanism whereby its savers can add to their pension pot when making purchases online or the high street.
3) DC investment costs to be published as trustees face £50,000 fine
Defined contribution occupational schemes will be forced to disclose to members costs and charges associated with investing their retirement pots, the government has announced.
4) UK pensions system falls four places in world rankings
The UK's ranking has dropped to 15 in the Melbourne Mercer Global Pension Index despite the country attaining a better score than last year.
5) One in 20 members request DB transfers, finds research
Almost half (47%) of employers say defined benefit transfer requests exceed 5% of scheme members, an Association of Consulting Actuaries study has found.
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