The Pensions Management Institute has applied to the Financial Services Authority for accredited body status, which would enable it to verify members are meeting Retail Distribution Review standards.
Becoming an accredited body would allow the PMI to issue Statements of Professional Standing, which advisers must acquire to confirm they are RDR compliant. Chief executive Vince Linnane (pictured)...
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.