FCA pension strategy to address scams, competition, and advice
Wake-up packs, savers' abilities to shop around, and looking at how to close loopholes for pension scammers will be key priorities for the Financial Conduct Authority (FCA) over the next few years, the watchdog has announced.
Setting out its business plan for 2017/18, the regulator said it would also propose a "package of remedies" to improve retirement income market competition, and review non-advised drawdown sales. The...
More on Law and Regulation
Latest stories
Life expectancy improvements grind to a halt; Number of people aged over 90 hits record high
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
ONS: Pension fund payments £2.6bn more than contributions received in Q2
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
PLSA announces 17-person line-up for inaugural policy board
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.