Contract-based governance committees will have powers to request action and refer non-compliance to the Financial Conduct Authority (FCA), the Office of Fair Trading (OFT) says.
Introducing independent oversight in contract schemes was one of the OFT's key recommendations in its final report on the workplace defined contribution (DC) market (PP Online, 19 September). OFT chief...
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.