Providers have largely welcomed the Financial Services Authority's Consultancy Charging Working Group's review, but emphasised the need for the resulting guidance to be non-prescriptive.
In June 2010, the FSA announced as part of the Retail Distribution Review it would ban the payment of commission on new corporate pension schemes from 31 December, 2012. Instead of commission, the FSA...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.