News

Providers will not have to apply the ‘second line of defence' risk warning procedure to pension pots worth £10,000 or under, the Financial Conduct Authority (FCA) has said.

The Financial Conduct Authority (FCA) has revamped its at-retirement rules as a result of pensions freedom and choice reforms which opened up the retirement income market.

Toby Strauss, the chief executive of Scottish Widows, is to exit the group after four years.

Hamish Reeves has been made an associate director at Lincoln Pensions

The Pensions Regulator (TPR) wants an open debate about what a good 21st century trustee should look like and do in an increasingly complex world, according to chief executive Lesley Titcomb.

The Tax Incentivised Savings Association (TISA) has appointed Baroness Jeannie Drake to advise its board of directors.

Deficits in defined benefit (DB) schemes have deteriorated over the last 12 months due to low gilt yields and market volatility over the summer, according to JLT Employee Benefits.

The number of companies offering tax-advantaged share schemes has doubled since 2000 but plans open to all employees have dipped to their lowest level during the period.

The Department for Work and Pensions has announced the launch of a toolkit to help employers manage an ageing workforce.

The proportion of employees earning the legal minimum wage could double over the next five years as the national minimum wage (NMW) increase comes into effect.