The Department for Works and Pensions (DWP) has produced a factsheet for pension scheme providers but which will be of interest to advisory firms.
It aims to clarify two issues, namely:
- Whether certain types of pension benefits which contain a promise, including those with a guaranteed annuity rate (GAR), are safeguarded benefits;
- When the exception to the requirement to take independent advice for those with safeguarded benefits worth £30,000 or less applies.
You can access the factsheet here.



FG17/4 – The fair treatment of mortgage customers in payment shortfall: impact of automatic capitalisations
Alistair MacDougall Compliance 2018, FCA, Mortgage, PI
Finalised guidance around automatic capitalisation of mortgage arrears.