Regulation

More than 700 adviser firms quit pension transfer market during FCA probe

More than 700 adviser firms advice firms relinquished their defined benefit (DB) transfer permissions during the regulator’s probe into the market.

FCA bans contingent charging on DB transfers

The Financial Conduct Authority has banned the use of contingent charging in defined benefit (DB) transfer advice.

IFS questions whether auto-enrolment is too successful for financially vulnerable

Thousands of the country’s most financially insecure individuals are remaining in auto-enrolled schemes even if it may not be in their best interests to do so, the Institute for Fiscal Studies (IFS) finds.

FOS defends approach to SIPP complaints following Carey Pensions ruling

The Financial Ombudsman Service (FOS) has defended its approach to SIPP complaints following the long-awaited Carey Pensions ruling.

Rachel Vahey: Why LISA charges should stay at reduced rates

Rachel Vahey explores recent changes to the LISA withdrawal charge structure due to Covid-19 and urges policymakers to make it a permanent alteration for the benefit of savers.

Talbot and Muir launch technical webinars for advisers

Talbot and Muir is providing a series of CPD accredited webinars that can be tailored to the specific needs of advisers and delivered by the firm’s business development consultants. 

Pension schemes to issue Covid-19 DB transfer warning letters to members

Pension scheme members looking to transfer from a DB to a DC pension during the Covid-19 crisis will be warned it is unlikely to be in their best long-term interests in a letter from regulators and schemes.

David Fairs: Regulation in this new normal

The Pensions Regulator is anxious to meet the industry’s expectations, but this latest challenge does not come with a manual. Hope William-Smith speaks to David Fairs.

Liberty SIPP goes into administration

Claim-embroiled pension provider Liberty SIPP has entered administration following a number of high-risk non-standard investment claims against it.

50 firms drop DB transfer ‘gold standard’ after PI renewal problems

About 50 advice firms have surrendered their pension transfer ‘gold standard’ status after running into issues renewing PII cover.
 

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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.