Trustees told to step up as FCA contingent charging ban takes effect

Hope William-Smith
clock • 2 min read

Trustees are set to have an increased duty of care to ensure employees and members make informed choices when accessing their pension, according to Wealth At Work.

The financial education provider said the Financial Conduct Authority's ban on the use of contingent charging for defined benefit (DB) transfers will see schemes and trustees take more of the load ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

DB transfer values remain steady in Q4 2025, XPS finds

DB transfer values remain steady in Q4 2025, XPS finds

XPS says Transfer Value Index saw ‘greater stability’ in H2 2025 compared to H1

Martin Richmond
clock 26 January 2026 • 1 min read
Northumbria University staff vote for strike action over pension plans

Northumbria University staff vote for strike action over pension plans

UCU says university’s plans to move staff to USS is ‘attack on long-term retirement security’

Martin Richmond
clock 26 January 2026 • 2 min read
Most DB members open to run-on, Hymans Robertson finds

Most DB members open to run-on, Hymans Robertson finds

Firm says trustees should promote open communication to address any concerns

Jasmine Urquhart
clock 20 January 2026 • 2 min read
Trustpilot