The Treasury has said it wants to make financial advice mandatory for sales of annuities on the secondary market.
The government has asked the Financial Conduct Authority (FCA) to create rules around the introduction of mandatory "relevant financial advice" for annuity holders before they can sell the policies, it...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter