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

Hymans Robertson launches governance service for corporates with DB schemes

Hymans Robertson launches governance service for corporates with DB schemes

Consultancy says corporates will need to regularly check to ensure their scheme’s governance is ‘fit-for-purpose’

Martin Richmond
clock 04 September 2025 • 2 min read
Currys commits to £50m buyback following triennial pensions review

Currys commits to £50m buyback following triennial pensions review

Deficit fall allows retailer to cut contributions and return money to shareholders

Jonathan Stapleton
clock 04 September 2025 • 1 min read
Lack of industry consensus over run-on becoming medium-term DB strategy

Lack of industry consensus over run-on becoming medium-term DB strategy

PP survey finds 49% say run-on could become mainstream strategy for DB schemes over a five-year period

Martin Richmond
clock 27 August 2025 • 2 min read
Trustpilot