The Pensions Regulator admits it could have done more to help British Steel Pension Scheme members understand the consequences of transferring out into defined contribution plans. In its response to the work and pensions select committee’s report into British Steel published today the regulator reflects on what it has learned from the saga. TPR says […]
Zurich’s platform assets plunged to £8.7bn from £28.8bn in the last three months of 2017 following the sale of its workplace business to Scottish Widows, new figures show. Latest data from consultancy Fundscape found Zurich assets accounted for the majority of assets falling among platforms in the first quarter of the year. In April, Lloyds Banking […]
The FCA has written to advisers asking for details of their training, competence and recruitment records for staff, Money Marketing understands. The regulator has written to a number of firms asking for the details in relation to specific advisers within the business, a senior compliance source has told Money Marketing. It is understood that the […]
There are 5,210 directly-authorised mortgage intermediary firms in the UK, according to Financial Conduct Authority figures. The FCA says those firms employ 34,105 approved people, and that there are an additional 14,169 appointed representatives as of 10 January 2018. The regulator revealed the data following an anonymous Freedom of Information request. Figures or estimates on […]
Those of you who have read any of the political manifestos over the previous weeks may have noticed one glaring omission from all the publications: the subject of welfare reform and the role that income protection could (and probably should) play in this process.
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