Regulation

Changes to the legislation governing the operation of the National Employment Savings Trust (NEST) is to allow employers to leave the scheme.

The Association of Independent Financial Advisers (AIFA) has come out strongly against plans to increase the Financial Services Compensation Scheme (FSCS) levy threshold.

EPIPHANY

Pension pots with proposed 'money safe' guarantees may not be transferred automatically with a worker when they move jobs, a minister has warned.

The Complaints Commissioner has rejected a complaint against the Financial Services Authority (FSA) by an investor over the regulator's handling of the alleged ‘phoenixing' of an advisory business.

The Prudential Regulation Authority (PRA) will wield a veto power over proposed terminal or annual bonuses for with-profits policies, under the new regime.

The coalition needs the support of more than "two of its closest pals" to divert the impact of Solvency II, Lord Mandelson has warned.

MPs should lose their gold plated defined benefit (DB) pensions and see them replaced by a career average set up, the Independent Parliamentary Standards Committee (IPSC) has recommended.

COMPLAINTS

The Pensions Regulator (TPR) plans to fine pension providers who do not properly report auto-enrolment failures.