Financial Conduct Authority

'Annuity comparator' tool to be established

‘Small number' of firms asked to review sales

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.

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

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.

JLT Employee Benefits and Alpha FMC have been chosen to help develop the business case for the Brunel Pension Partnership (BPP) investment pool.

Results due in Q4

Pensions and long-term savings providers are the financial services least satisfied with the Financial Conduct Authority (FCA).

The Financial Conduct Authority (FCA) is considering whether to force firms to provide clients with an annuity comparator tool after initial trials produced a dramatic increase of consumers shopping around for the best deals.