FCA must force insurer transparency to make contract scheme governance work
A requirement for all contract-based schemes to have employer-level governance committees would need Financial Conduct Authority (FCA) action on insurer transparency, Pan Group founder Andrew Cheeseman says.
The comments come after the government announced it would explore ways of improving governance in contract-based defined contribution (DC) schemes - including setting up governance committees which involve...
More on Defined Contribution
Latest stories
Five stories you may have missed this week
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
RBS reports £100m GMP impact; slashes equity exposure by two thirds
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Good communications are more important than ever
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point