November 2017
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Latest - REGULATION / COMPLIANCE

  • ‘Self-employed’ gig economy workers could enter auto-enrollment

    17 July 2017

    Does the submission of food delivery service Deliveroo to the government’s review of employment practices hint at change in employment law around the self-employed? In  its response to the government’s review of employment practices conducted by Matthew Taylor Deliveroo said if employment rules are changed they would give their workers certain benefits including pensions, which...

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  • FCA Retirement Outcomes Review gives regulator “early view of areas to keep a close eye on”

    12 July 2017

    The FCA’s Retirement Outcomes Review was set up to identify how the retirement income market has changed since the introduction of the pensions freedoms in 2015. The review states that over one million defined contribution (DC) pots have been accessed since the reforms to the pensions rules, of which 72% have been accessed by consumers...

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  • AJ Bell calls on FCA to build new framework for point of sale information

    11 July 2017

    Information given to clients is complex, confusing and not fit for purpose, says the platform AJ Bell has written to Christopher Woolard, director of strategy and competition at the FCA, calling for the regulator to address what it describes as “the increasingly complex point of sale disclosure regime which is no longer fit for...

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  • Competition weak in asset management says FCA, as it announces remedies

    28 June 2017

    The Financial Conduct Authority (FCA) has published the final findings of its asset management market study and announced its package of remedies. The FCA says it has found that price competition is weak in a number of areas of the industry. The Regulator said that despite a large number of firms operating in the market,...

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  • Origo MD Paul Pettitt to exit not-for-profit after 28 years

    26 June 2017

    Origo managing director Paul Pettitt has announced he is to retire, stepping down from his role at the end of February 2018 after 28 years with the company, including 14 years as MD. Working with the Origo Board, Pettitt has driven the strategy that has resulted in Origo successfully transforming itself from its roots...

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  • The Great Pensions Debate – paraplanner report

    22 June 2017

    Caroline Stuart, head of Technical Solutions at DB Wood, attended the Great Pensions Debate this week. She provides her view of the event and her take-aways for Professional Paraplanner readers. The Great Pensions Debate was exactly what it promised; excellent speakers who knew their stuff; attendees there to make sure clients get the right outcomes...

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  • FCA proposed changes to TVA rules in CP17/16

    22 June 2017

    As part of Consultation Paper CP17/16, the FCA is seeking comment on proposed changes to the rules around use of transfer value analysis (TVA) in DB Pension transfers, to ensure that the advice process results in “good outcomes”. The changes arise from the Regulator’s supervisory work where, it said, it had concerns around the...

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  • FCA proposes changes to update pension transfers advice process

    21 June 2017

    The Financial Conduct Authority (FCA) has published new proposals on pension transfers advice, recognising the inadequacy of TVAS, requiring transfer advice be provided as a personal recommendation and for “appropriate transfer analysis” to be undertaken. The paper also proposes removing the existing default guidance that all advice on pension transfers should start from the assumption that a...

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