Regulation

Ombudsman warns MPs over Covid-19 scams ‘inundation’

Pensions Ombudsman Anthony Arter has raised concerns about the increase in pension scam activity during the coronavirus pandemic in a virtual meeting with the Work and Pensions Committee (WPC).

Neil MacGillivray: The Chancellor who keeps on giving, for now

Earlier this week, Neil MacGillivray took a view on what taxes may be implemented to subsidise the government's recent surge in Covid-19 spending but, after Wednesday's summer economic update from the Chancellor, the tax expert says Rishi Sunak is still all "give, give, give"...

Sunak unveils employer return-to-work furlough bonus

Bosses who bring back furloughed staff and keep them on the payroll until January next year will get a bonus of £1,000 per employee, Chancellor Rishi Sunak has said.

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.
 

Popular articles

Bob Champion: Reflections on selling the family home

Bob Champion pens a heartfelt piece about the sale of his late mother’s house, the family home for 62 years. Here he reflects on happy memories, trips to Stamford Bridge, why downsizing isn’t always the easy option and how equity release could help.