The industry has raised serious concerns that Financial Conduct Authority (FCA) transfer advice proposals on illustrative figures could hamper schemes’ ability to help members to understand their retirement options and force many to take full regulated...
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The reconciliation and rectification sub-committee of the Guaranteed Minimum Pension Equalisation Working Group (GMPEWG) has published guidance on communicating with members.
The Pensions Administration Standards Association (PASA) has published follow-up guidance for administrators as they navigate their way out of the Covid-19 lockdown.
Schemes and administrators have been urged to strengthen their cybercrime resilience after heightened criminal interest in the sector.
The government’s focus on pensions dashboards and pension transfer times will require the industry to improve its data accuracy and administrative efficiency, says Anthony Rafferty.
The coronavirus crisis has highlighted the need for the industry to embrace technology in order to improve administration processes and data, says Girish Menezes.
Pensions and financial services consultancy Hymans Robertson has promoted three partners to the role of equity partner and nine others to partner.
While HMRC guidance on GMP equalisation contains both good and bad news for schemes, it does allow them to get going on the process, says John Wilson.
The Pensions Regulator (TPR) has issued another set of guidance for coping with the Covid-19 pandemic, with trustees urged to act work flexibly with administrators.