The Financial Conduct Authority (FCA) has launched a consultation on the proposed regulatory framework for pension dashboards operators, confirming that firms will be able to offer additional services, provided they meet "rigorous conduct standards".
As part of this, the FCA outlined its intended approach to supervision and enforcement for dashboard operators, including on fees, regulatory reporting, record keeping, prudential requirements and conduct rules
The net funding position of defined benefit (DB) pension schemes improved to a surplus of £193bn in the year to 31 March 2022, amid the largest-ever annual fall in liabilities, the Pension Protection Fund (PPF) Purple Book has revealed
The Financial Conduct Authority (FCA) has welcomed recent regulatory statements on liability-driven investments (LDI), confirming that it will maintain a supervisory focus to ensure vulnerabilities are addressed following the issues faced by defined benefit (DB) schemes
The Organisation for Economic Co-operation and Development (OECD) has highlighted the growing importance of asset-backed pension systems in OECD countries and urged nations to make improvements to these systems
The Work and Pensions Committee (WPC) has written to the Pensions Minister, Laura Trott, to request further clarification around some of the recent issues raised as part of the committee's inquiry into liability driven investment (LDI) and defined benefit (DB) pensions
The Financial Conduct Authority (FCA) has published final rules requiring providers of non-workplace pensions to offer consumers a default investment option and to issue a warning about the risk of inflation eroding the value of cash holdings