FCA wins legal battle against unregulated pension introducers Avacade and Alexandra Associates
The High Court has ruled in favour of the FCA in a civil action against unregulated introducers Avacade and Alexandra Associations after pension savers were persuaded to invest millions of pounds into risky, unregulated schemes.
FCA to send second in-depth marketwide DB questionnaire imminently
The Financial Conduct Authority (FCA) will send a second marketwide in-depth questionnaire on defined benefit (DB) transfers to firms later this week, RP's sister title Professional Adviser reports.
FCA launches workplace pensions value for money consultation
The Financial Conduct Authority (FCA) will bring forward proposals designed to promote value for money for workplace pension schemes members, a consultation paper says.
Maps begins market engagement project with pensions dashboard suppliers
The Money and Pensions Service (Maps) has started a six-week period of informal market engagement with potential suppliers of the digital architecture for the pensions dashboards.
TPR uses AE powers over 35,000 times in first quarter
The Pensions Regulator (TPR) used its auto-enrolment (AE) enforcement powers more than 35,000 times in the first quarter of this year, with over 11,000 compliance notices dished out.
FCA urged to do more to protect DB and DC members from scams
The Pension Scams Industry Group (PSIG) has called on the Financial Conduct Authority (FCA) to consider further interventions to protect pension scheme members from scams.
Rachel Vahey: ‘Knee-jerk’ contingent charge ban could harm consumers
Rachel Vahey takes a look at the FCA's ban on DB transfer contingent charging in her latest feature for Retirement Planner and argues it may do more harm than good.
Lords pensions bill amendment could confirm single dashboard approach
A small amendment to the pension schemes bill on 8 June has been labelled ‘significant’ in meeting criticism of the pensions dashboard and could confirm a ‘water-tight’ commitment to run a single dashboard.
Advisers sceptical of ongoing DB transfer advice profitability
Nearly two-thirds of advisers do not believe defined benefit (DB) transfer advice will remain profitable, a Prudential survey of more than 1,000 intermediaries has found.
FCA contingent charging ban dubbed ‘draconian’
Some advisers have described the Financial Conduct Authority’s (FCA) ban on contingent charging for defined benefit (DB) transfers as a ‘draconian’ measure that could lead to less advice being given to those who need it.
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Libby Holding: New rules on making wills using video-conferencing
The Ministry of Justice (MoJ) has finally announced that video-conferencing can now be used for the witnessing of wills in England and Wales, writes Libby Holding, who goes through steps advisers can take to make sure they follow the newly-amended rules.
