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Balls unsure about future of advice

New Treasury Economic Secretary Ed Balls told the Treasury select committee this week that he is unsure about the future of basic advice and that changes are needed to ensure a better balance between simplicity and regulation.

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Leaked letter reveals DWP pressure to retain RU64

The Department for Work and Pensions is pressurising the FSA to retain the RU64 rules ahead of this week’s White Paper which will set up the national pension savings scheme. The FSA was expected to abolish RU64, brought in to accompany stakeholder pensions, at a board meeting this week. In a letter to Work and […]

FSA postpones decision on RU64

The FSA board has decided today to delay its decision on the future of the RU64 rule.In light of the uncertainty of the implementation of NPSS, the regulator has decided that it would be sensible to put on hold making a decision on RU64 until the position is clearer. The Governments white paper on pension […]

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