FCA proposes mandatory Pension Wise appointments

The Financial Conduct Authority (FCA) has proposed new rules to require defined contribution pension providers to offer to book Pension Wise appointments for members before they access their pension savings.

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PLSA urges new DC decumulation regulatory framework

The Pensions and Lifetime Savings Association (PLSA) has called for a new regulatory framework to help DC pension savers with the decisions they face when entering decumulation.

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Members leave DB schemes for more flexibility post-Freedoms

Nearly one-in-five Defined Benefit Scheme members given access to free financial advice have transferred out of their scheme to access flexible retirement options available through a defined contribution (DC) pot, according to research by Willis Towers Watson.

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OFT agrees reforms to £275bn UK DC pensions sector

The OFT has agreed with business and The Pensions Regulator (TPR) on reforms to the £275bn defined contribution (DC) workplace pension market after it found some savers fail to receive "value for money." Read more...
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