Signals coming out of government over the last year have given some cause for concern for member nominated trustees. Recent consultations have indicated an inclination to move away from lay trustees, certainly in new multi-employer schemes such as master trusts, and towards allowing the financial services industry to take control of governance.
The latest such consultation was held by the Financial Conduct Authority into proposed rules for independent governance committees. The Association of Member Nominated Trustees is making it clear that...
The Financial Conduct Authority (FCA) has fined Standard Life Assurance (SLA) nearly £31m after its practices led to conflicts of interest and SLA employees putting their financial needs above those of the firm's customers.
The government has launched a consultation on amending the contribution rules of the NHS Pension Scheme in a bid to mitigate the possibility of members hitting tax allowances.
Aviva has seen a 50% year-on-year increase in the number of enquiries from pension schemes that use investment and administration on separate platforms seeking to move to a bundled provider.
This week's Pensions Buzz respondents were unsure whether Guy Opperman will stay in post as pensions and financial inclusion minister under the new Prime Minister.