Retirement

Simplified advice and commission

Will 2015 finally offer some R&R from RDR?

The Financial Conduct Authority (FCA) has said it will look to take even earlier pre-emptive action against what it believes is bad practice in a bid to counter accusations from the industry that it unfairly employs retrospective regulation.

The Financial Conduct Authority (FCA) has set out its final definitions of regulated advice and personal recommendations in retail investment, in a move it hopes will help firms develop 'low cost' distribution models with confidence.

Providers have shown interest in plans to allow people to unwind their annuities, according to pensions minister Steve Webb.

Pensions minister Steve Webb has floated plans to allow providers to bulk transfer members from legacy schemes to more cost efficient models.

The new Pension Wise service is being tested ahead of launch to ensure it meets any potential demand surges, according to pensions minister Steve Webb.

Architas and technology firm BirthStar have launched seven retail funds that follow an age-based strategy more commonly associated with default auto-enrolment (AE) pension funds.

Citizens Advice has revealed the location of the first 44 centres that will deliver face to face guidance to retirees under the Pension Wise scheme.

Pension advisers face a massive increase in the amount they pay to the Financial Services Compensation Scheme (FSCS) as the service prepares for a "significant" rise in claims linked to self-invested personal pension (SIPP) advice.