Follows FCA announcement on personal pensions
Pension Schemes Bill published today
Pension scam awareness tips to pass on to clients
The Pensions Regulator (TPR) has almost doubled the amount it will spend on auto-enrolment (AE) enforcement in 2014/15.
The Financial Services Consumer Panel (FSCP) has urged schemes to develop in-house income drawdown propositions rather than forcing members into the retail market.
A panel of pension experts has been appointed to carry out the audit of high cost and legacy defined contribution (DC) workplace schemes, prompted by last year's Office of Fair Trading (OFT) investigation.
Smaller firms may be reluctant to use advisers in the run-up to auto-enrolment, writes IFA Sheriar Bradbury, but if commission still existed...
Defined ambition proposals could open the door to more flexible drawdown as master trusts provide both accumulation and decumulation vehicles, The Pensions Regulator says.
Pensions minister Steve Webb says the upcoming consultation on defined ambition will not set out prescriptive single-model options for enhanced defined benefit (DB) and defined contribution (DC) provision.
The regulator's looming thematic review into the self-invested personal pension (SIPP) market could force a number of smaller players out, making it a "more comfortable" situation for the regulator, according to John Moret.