Initial responses to the government's consultation on DC investment innovation reveals a mixed views on a range of its proposals. Kim Kaveh reports.
The PLSA's Caroline Escott says investors and stakeholders must continue to ask for better information on issues that affect the motivation, skills and productivity of the workforce
The Competition and Markets Authority's (CMA) final report on the investment consultant market has been celebrated as having "real teeth" to produce better outcomes for members.
The Pensions and Lifetime Savings Association (PLSA) has launched a guide for trustees on investing in patient capital and other illiquid investments.
This week's top stories included The Pensions Regulator writing to 14 pension schemes, questioning the values they were giving to members seeking to transfer out.
Mandatory tenders for fiduciary management services should be conducted on a closed basis with no minimum threshold for the number of managers involved, the Pensions and Lifetime Savings Association (PLSA) says.
Company bosses who deliberately dissolve their company to avoid paying pension contributions could be hit with disqualification under government plans.
Proposals for mandatory tendering of fiduciary management services, as well as additional guidance for trustees, have been welcomed by industry commentators albeit with some caution.
Regulation aimed at improving the governance of occupational pension schemes has left the sector "regulated to the lowest common denominator" with a "prescriptive and micro-managerial approach".
Caroline Escott says there should be alignment between the various policy and regulatory initiatives on value for money to avoid overburdening trustees.
The CMA's latest working paper finds trustees are very likely to choose their existing investment consultant for a fiduciary management mandate without third-party advice, James Phillips reports
The industry has welcomed the Competition and Markets Authority's (CMA's) working paper on the information available to trustees on the fees and quality of investment consultants and fiduciary managers.
The Pensions and Lifetime Savings Association (PLSA) has urged the Financial Conduct Authority (FCA) to refer the investment consulting market for a competition investigation.
The Personal Investment Management & Financial Advice Association's (PIMFA) senior policy adviser Caroline Escott has left the newly merged trade body to join the Pensions and Lifetime Savings Association (PLSA) as defined benefit and investment policy...