FCA

UK households have not stopped saving to go on a debt-fuelled consumer spending spree, according to research from Royal London, despite official figures revealing the savings ratio is at a record-low.

The aggregate balance of the UK's defined benefit (DB) schemes improved by £6.2bn over July, according to the Pension Protection Fund's (PPF) 7800 Index.

Occupational schemes and their administrators are lagging behind in their involvement in an industry-wide discussion on slashing transfer delays, Tom McPhail has said.

This week's top stories included reports that chancellor Philip Hammond is considering cutting higher-rate tax relief in the Autumn Budget, while the Court of Appeal ruled IBM had the right to impose a cap on increases in pensionable pay.

The Financial Conduct Authority (FCA) has appointed Chris Sier to chair its working group on disclosure of costs and charges for institutional investors.

LIBOR is set to be phased out by 2021. Jonathan Stapleton looks at how the withdrawal of this benchmark will affect schemes

Most respondents believe raising it to 68 earlier than planned is good for the economy

The Financial Conduct Authority has said LIBOR is likely to end by 2021 and has urged markets to begin transitioning to alternative benchmarks.

Asset managers will face a duty to act in the best interests of investors under plans unveiled by the Financial Conduct Authority (FCA) today.

The Pensions and Lifetime Savings Association (PLSA) has urged the Financial Conduct Authority (FCA) to refer the investment consulting market for a competition investigation.