SCHEMES are set to receive rebates of £7.5m after settlement house CrestCo reduced fees paid in 2006 by around 10pc.
CrestCo – which is used by most UK schemes and their delegates – said the rebate would be paid in a lump sum to each client in early 2007, based on the transactional fees it paid in 2006. CrestCo chief...
The Financial Conduct Authority (FCA) has fined Standard Life Assurance (SLA) nearly £31m after its practices led to conflicts of interest and SLA employees putting their financial needs above those of the firm's customers.
The government has launched a consultation on amending the contribution rules of the NHS Pension Scheme in a bid to mitigate the possibility of members hitting tax allowances.
Aviva has seen a 50% year-on-year increase in the number of enquiries from pension schemes that use investment and administration on separate platforms seeking to move to a bundled provider.
This week's Pensions Buzz respondents were unsure whether Guy Opperman will stay in post as pensions and financial inclusion minister under the new Prime Minister.