FCA

Henry Tapper says as the initial euphoria of 'never having to buy an annuity again' wears off, the prospect of freedoms becomes less appealing

City lawyer Charles Randell has been confirmed as the next Financial Conduct Authority (FCA) chairman and takes up the post from 1 April.

Just weeks until EU variation margin rules come into force for physical FX forwards, regulators have said schemes will probably not have to comply after all. This creates a lot of uncertainty, writes Stephanie Baxter

Mark Blyth says there are real problems in how the regulator exercises its powers, and suggests how to solve them

Defined contribution (DC) savers face lower costs and charges after providers made a concerted effort to reduce these to less than 1% over the past two years.

The Pensions Ombudsman (TPO) and the Financial Ombudsman Service (FOS) have signed an updated version of their Memorandum of Understanding (MoU) to improve co-operation and exchange of complaints information.

Artemis IM, Hargreave Hale, Newton IM, River & Mercantile AM

Chris Sier has called on investment consultants to take the lead on disclosure of costs and charges as for too long asset managers have not put pension clients first.

Several changes made

Defined contribution (DC) occupational schemes will be forced to disclose to members costs and charges associated with investing their retirement pots, the government has announced.