FCA

The pensions and investment industry needs to be much more explicit about the objectives of active management, according to former Investment Association (IA) head Daniel Godfrey.

This week's most read stories include TPR protecting members of a DB scheme accidentally converted to DC, and the FCA fining Aviva £8.2m for failing to protect client assets.

Complaints made to the Financial Conduct Authority (FCA) about decumulation, life and pensions have continued to fall.

Robin Ellison talks about the acceleration in consultations and whether it is a good thing.

The industry has welcomed the Financial Conduct Authority’s (FCA) consultation on forcing asset managers to provide greater transparency on transaction costs.

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.