Mark Benson, technical manager at WAY Investment Services, says there are various ways IFAs can prepare for the increase in the minimum qualification level proposed in the RDR...
The remit of the personal accounts trustee board appears to give "unfettered power" to the scheme trustees, Bluefin warns.
In usual ‘dance of the seven veils' style, the Government is slowly teasing us with glimpses of what the personal accounts scheme will look like.
John Hutton, Secretary of State for Work and Pensions, has revealed personal accounts will be run by trustees who will take "ultimate responsibility" for the "strategic direction" of the scheme including choosing funds and collecting contributions.
The Pensions Regulator has set out its priorities for the next three years in its Corporate Business Plan, which includes working with the government on the implementation of personal accounts.
Trustees have been issued a clearance reminder by the Pensions Regulator over corporate transactions such as leveraged buy-outs, to consider whether the event is 'financially detrimental' to the pension scheme.
The cost of independent advice should not stop trustees from taking appropriate action in reviewing a transaction which could lead to a pension scheme being abandoned, says The Pensions Regulator.
Consultancy firm Towers Perrin is launching a new fast-track trustee training programme to help companies comply with the new regulations for Trustee Knowledge and Understanding.
Pensions A-Day seems such a long time ago and after the subsequent changes of benefits, did not do exactly what it said on the tin.
A fully revised version of its Code of Guidance has been published by the Independent Pension Trustee Group.