The Financial Conduct Authority (FCA) revealed unsuitable transfers out of defined benefit (DB) schemes could result in collective losses of up to £20bn worth of guarantees over five years.
The regulator highlighted its key areas of concern in financial services markets in its annual Sector Views document outlining potential harm to consumers. The paper also revealed consumers making unsuitable...
The number of savers using information or guidance services such as Pension Wise is barely higher than three years ago despite efforts to promote the benefits, the Financial Conduct Authority (FCA) says.
This week’s top stories included Capita’s sale of its employee benefits business, while research from the Association of Consulting Actuaries found little support among employers for multiple pensions dashboards.
In a year of exceptional circumstances and getting to grips with new technology, the trustee meeting must go on – but not always to plan.
The onset of the pandemic dented asset valuations but it will take time to understand the true cost for defined benefit (DB) schemes.