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The drive for transparency in pension charges could lead to occupational scheme advice for employers becoming regulated by the Financial Services Authority, Legal & General says.
A financial adviser has failed in his appeal against a ban imposed on him by the Financial Services Authority (FSA) for failings related to advice on occupational pension transfers.
Members of workplace pension schemes run by Friends Life increased by 4% between 2010 and 2011, the insurer said.
Other occupational pensions articles
A High Court judge ruled today that bankrupts could be forced to draw their pensions and hand them over to their creditors.
Almost 50% of consumers would find government compulsion to save into a private pension scheme helpful, research suggests.
The Pensions Ombudsman has rejected a complaint alleging that Alexander Forbes Financial Services (AFFS) misled the complainant into switching from a final salary to a defined contribution (DC) pension scheme.
The High Court is poised to decide whether workers of pensionable age who have been made bankrupt could be forced to draw their pension to pay off creditors.
MPs have rejected calls to reintroduce the retail prices index (RPI) for pensions uprating in a Parliamentary debate.
The Work and Pensions Committee has launched an inquiry into defined contribution (DC) workplace pension provision.
The government must tackle the regulatory arbitrage created by the European Court of Justice’s (ECJ) ban on gender-based underwriting, Standard Life has said.
Pension reciprocation, or pension unlocking, agreements operated by Ark Business Consulting are illegal, judges in the High Court ruled on Friday.
Changes to rules around withdrawing small pension pots as lump sums could lead to large scale abuse of the system, Hargreaves Lansdown has warned.
The Treasury is set to allow pensioners to withdraw small personal pensions as cash.
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