Aviva Pension Trustees UK and Aviva Wrap UK have been fined £8,246,800 for failing to have adequate controls and oversight of its outsourced providers.
The Financial Conduct Authority (FCA) has proposed the introduction of a duty on asset managers to disclose aggregate transaction costs to pension schemes that invest in their funds.
Investigation pending since 2013
Many trustees are wary about being seen to offer advice to members. John Stannard says they shouldn’t be.
Multiple codes of conduct on charges and costs would be "horrendous" and make it harder to boost transparency says Margaret Snowdon.
JLT Employee Benefits and Alpha FMC have been chosen to help develop the business case for the Brunel Pension Partnership (BPP) investment pool.
Annuities can be re-sold from April 2017
The success of freedom and choice will largely depend on the quality of advice and the number of people who receive it according to the industry.
Absolute return vehicles are coming under scrutiny from the Financial Conduct Authority (FCA) as part of its work looking at whether asset managers are offering investors value for money.