Standard Life has been fined £2.45m by the Financial Services Authority for serious failures relating to its Pension Sterling Fund.
The FSA said the penalty, the first major fine of 2010, signals its intentions to crack down on regulatory breaches. The fund became controversial in January 2009, when Standard Life made a shock 5%...
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.