Pension transfers – considering life cover
We have seen a very large number of pension transfer suitability reports since the introduction of the pension freedoms that
Compliance
Conduct Rules Breaches – follow up
We wrote recently about the Conduct Rules and, in particular, breaches and notifications . See here. This article is intended
New anti-scam rules for scheme trustees
The rights of pension scheme members to transfer, that were established in the Pensions Act 2015 are no longer absolute
Government Scrap Protected Pension Age Window
We previously issued a newsletter in February 2021, outlining government proposals to increase the Normal Minimum Pension Age (NMPA) from
Another Pension Transfer Charging Quirk
Policy Statement PS20-06 states: “A firm may set a different level of non-contingent charges if they are not undertaking the
Appointed Representatives – some SM&CR questions
Occasionally, we come across firms that are ‘Principal Firms’ – i.e. the firm has Appointed Representatives (AR) but where one
AR survey
The FCA is requesting completion of a survey from firms with Appointed Representatives (ARs). Where applicable, firms may already have
FCA – short feedback survey
We have received the following from the FCA. “Many of you will be aware that we issued the
Early Oversight Function Pilot
The FCA set out in its Business Plan 21/22 how it is changing to improve performance and meet future challenges,
Pension Transfer Specialist – qualification deadline
FCA Policy Statement PS18/20 introduced a new requirement that all Pension Transfer Specialists (PTS) must hold the Level 4 qualification