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

Less than 1% of DB surpluses returned to employers since 2006

Less than 1% of DB surpluses returned to employers since 2006

Punter Southall finds of £100bn of DB surpluses, only £800m has been returned to employers in almost two decades

Martin Richmond
clock 20 November 2025 • 2 min read
Partner Insight: Data - The new battleground for scheme buyouts

Partner Insight: Data - The new battleground for scheme buyouts

LexisNexis® Risk Solutions
clock 20 November 2025 • 1 min read
'Deals to be done' on DB surplus

'Deals to be done' on DB surplus

Survey finds ‘strong appetite’ for releasing surplus in correct conditions

Jasmine Urquhart
clock 19 November 2025 • 2 min read
Trustpilot