NAPF

The European Court of Justice (ECJ) has rejected attempts by the UK government to block the introduction of a financial transaction tax (FTT) in several countries.

The Financial Services Consumer Panel (FSCP) has urged schemes to develop in-house income drawdown propositions rather than forcing members into the retail market.

The cost of providing the guidance guarantee will fall on schemes according to pensions minister Steve Webb.

The Daily Mail and General Trust (DMGT) chief investment officer Mike Weston is due to depart the role later in the year, a spokeswoman has confirmed.

Many trust-based DC pension schemes already offer more than the ‘guidance guarantee' to their members and are worried about being forced to ‘dumb down' standards, according to the National Association of Pension Funds (NAPF).

Jack Jones looks at the content of the EC's updated pensions directive.

Last week saw the latest iteration of the IORP Directive. The National Association of Pension Funds summarises the key points in this short video.

The European Commission has shelved plans to relax the funding requirements on cross-border schemes, according to reports in the Financial Times.

Legal & General (L&G) pensions strategy director Adrian Boulding has succeeded Railways Pension Trustee Company chief executive Chris Hitchen as chairman of the Pension Quality Mark (PQM).

Danish pension provider ATP has won a landmark European court case on value-added tax (VAT) for defined contribution (DC) management charges.