FCA
Calls for Online Safety Bill to crackdown on scams grow louder
Quilter has called upon the government to take action to clamp down on the dramatic rise in investment scams over the past year by including these within the scope of the forthcoming Online Safety Bill.
FCA's long-term vision: Sustainable finance and the net-zero economy
Integrate net zero targets into regulation
Tender Watch: TPR appoints Mercer for superfund modelling; FCA selects legal services partner; Border to Coast makes two appointments
Professional Pensions rounds up some of the latest tender awards from across the industry.
Clearer DB guidelines on advice versus guidance needed, industry says
Guidelines on what is and is not viewed as defined benefit (DB) trustees providing members with regulated advice need to be clearer, respondents to a Professional Pensions survey say.
Pension communications 'failing to engage' more women than men
A high proportion of savers are not taking an interest in their pension, which could have a “disproportionate impact” on women whose lower value pensions make them “more vulnerable to poor choices”, according to the Financial Conduct Authority (FCA)....
Calls for 'scam prevention minister' resurface as government grapples with industry for more support
The scam ‘epidemic’ across the pensions industry needs better government intervention in the form of a specifically appointed minister, AJ Bell has reiterated.
Pensions minister writes to schemes for scam support; regulators and trade bodies push for legislative change
The increase in financial scams during the last 12 months has promoted calls from all corners of the pensions industry for better support for savers.
Former Woodford founders spoke to FCA in 2015 about strategy concerns — reports
The Financial Conduct Authority (FCA) was made aware of concerns about Neil Woodford's investment strategy at his fund management business back in 2015, but did not act until nearly two years later, according to reports.
Pension freedoms introduced too fast with safeguards passed over
Corners were cut in the 2015 introduction of pension freedoms which have left pension savers vulnerable and suffering, according to Work and Pensions Committee (WPC) chairman Stephen Timms.
FCA partners with Jersey regulator to probe new Woodford venture
The Financial Conduct Authority (FCA) has broken its silence on Neil Woodford's return to fund management with confirmation that it is working alongside the Jersey regulator to share information on the new venture.
Those who could benefit most from Pension Wise guidance 'most likely to miss out'
Those who could benefit most from Pension Wise guidance are most likely to miss out on it, according to Just Group analysis of Financial Conduct Authority (FCA) research.
High pre-retiree support the FCA's investment pathways initiative
More than 60% of pre-retirees supports the Financial Conduct Authority’s (FCA) investment pathways initiative, according to research by Legal and General Investment Management (LGIM).
2021 outlook: What's next for regulation?
After a year that took everyone by surprise, experts tell Professional Pensions what could be on the horizon for regulation in 2021.
The top 20 opinion articles of 2020
What were some of the most read opinion pieces on Professional Pensions over the last 12 months? We look at some of the top articles from our commentators during the year.
Pension engagement still an uphill battle, FCA finds
The number of savers using information or guidance services such as Pension Wise is barely higher than three years ago despite efforts to promote the benefits, the Financial Conduct Authority (FCA) says.
Government infrastructure bank to partner with pension funds to support investment
The government will set up an infrastructure bank to support investment and to co-invest alongside investors including pension funds.
TPR expands Determinations Panel with appointment of new chair and four members
Former Financial Regulators Complaints Commissioner Antony Townsend is to become chair of an expanded Determinations Panel at The Pensions Regulator (TPR).
UK to issue first green bond and require firms to disclose climate risk
The government plans to cement the UK's position as a global centre for green finance have received a significant boost, with chancellor Rishi Sunak unveiling proposals to issue the country's first sovereign green bond next year and make climate risk...
Responsible investment bill proposed to provide 'clear pathway' on trustee ESG duties
New legislation is needed to push pension trustees and asset managers to consider ESG factors within their legal duty to beneficiaries, as well as ensuring trustees are up to standard, ShareAction says.
Simpler wake-up packs 'failing' to encourage savers to take up guidance
Simpler retirement ‘wake-up packs’ are not encouraging pension savers to take up free guidance, according to the Financial Conduct Authority (FCA).
Engage now on investment pathways to avoid February stand-off, IGCs warned
Providers are failing to engage early with their independent governance committees (IGCs) over the rollout of investment pathways despite the looming 1 February deadline, they have been warned.
Workplace schemes mandated to 'nudge' members into pensions guidance
Occupational pensions schemes will be required to direct savers to take guidance on pension withdrawals under new provisions to boost engagement.
Transparency Task Force publishes FCA 'wish list'
TTF wants greater consumer protection
The unstoppable force paradox: Supply and demand in the DB transfer market
Philip Dickinson looks at the impact of Covid-19 on the transfer market and how schemes and advisers can support members.
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