FCA

Over 170 asset managers have rejected an initiative which requires better disclosure of fees UK public pension funds are charged, despite increased regulatory pressure on costs throughout the industry.

Three years after Freedom and Choice, many default funds still have not moved away from targeting annuity purchase. This could have unintended investment risks for members, writes Victoria Ticha

The Financial Conduct Authority (FCA) has abandoned plans to drop the unsuitable defined benefit (DB) transfer assumption as a result of concerns about unsuitable advice being given in the area.

The Financial Conduct Authority (FCA) has revealed it is considering whether to implement a ban on contingent charging for pension transfer advice.

Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.

The FCA and TPR are seeking input on how best to collaborate in regulating the retirement income market over the coming decade, in the wake of the introduction of both pension freedom and auto-enrolment.

Outgoing Financial Conduct Authority (FCA) chairman John Griffith-Jones has set out four key challenges for his successor Charles Randell when his five-year term in office commences on 1 April.

Trustees could benefit from a standardised template for the disclosure of investment transaction costs and charges from as early as April, Chris Sier has said.

Follows criticism in Asset Management Market Study

A policy statement for the first set of remedies outlined in the Financial Conduct Authority (FCA) asset management market study will be released by the end of March.