The FCA banned the sale of traded life policy investments to mass market retail investors - claiming they are ‘toxic' products that pose significant risks to investors. A market in second hand annuities will pose similar risks.
Traded life policy investments (TLPIs) - the products commonly known as death bonds - invest in second hand life assurance policies, usually of US citizens. Investors in these products hope to benefit...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers