The government has laid draft regulations before parliament to introduce a charge cap on defined contribution (DC) default funds alongside a raft of additional governance requirements for trustees.
The Department for Work and Pensions (DWP) has also published its response to a consultation on the proposals. This coincides with the Financial Conduct Authority's (FCA) final rules on Independent...
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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.