Tag Archives: FCA

Farce and contrition as the FCA make an effort

From what I gather from those who attended CA’s session this week on the Consumer redress scheme. the event was notable for a degree of contrition from the FCA that they’d made such a mess of redress so far. Sadly, … Continue reading

Posted in pensions | Tagged , , , | Leave a comment

Sympathy for the Regulator? Not over BSPS!

quotes extensively from a PA consulting report on the FCA that was disclosed as part of a bundle of documents by the Gloster report into the mishandling of LCF complaints. That report can be found at the end of this … Continue reading

Posted in pensions | Tagged , , | Leave a comment

The FCA’s thematic review of advice

This review is a piece of discovery work to explore how financial adviser firms are delivering retirement income advice and assess the quality of outcomes consumers are getting.  The FCA’s state intention goes beyond understanding how pots are being turned … Continue reading

Posted in pensions | Tagged , , , , | Leave a comment

BOE pins LDI crisis on the “obscurity” of small DB funds.

Yesterday I reported on BOE +PRA batting for the pensioner against Government – batting for insured buy-out. That discussion was played out in front of parliament’s Treasury Committee on Monday and that same meeting – part of an inquiry into … Continue reading

Posted in pensions | Tagged , , , , , , | 1 Comment

Time for the FCA to review its DC lifestyle guidance ?

Thanks to James Farr of Aviva for helping me out with the FCA’s most recent pronouncements on pension lifestyling. James and I worked together at Zurich some 20 years ago and it’s great to know compliance experts at a time … Continue reading

Posted in pensions | Tagged , , , , , | Leave a comment

“How do we tell the children?” Our awkward problem over lifestyle.

  For the purpose of this article – I will refer to some savers as our “children“, those under our care who have suffered loss while sleeping. They are the unwitting victims in the collapse in bond markets , including … Continue reading

Posted in pensions | Tagged , , , , , , , | 1 Comment

This vile harassment of mis-sold steelworkers must stop

The threat to mis-sold steelworkers Fueled by a self-reference sense of injustice , certain advisers owing redress to  clients  they have mis-advised to transfer out of the British Steel Pension Scheme  are now making their victims pay twice by harassing … Continue reading

Posted in pensions | Tagged , , , , , | 6 Comments

TPR will be “Protecting all Pension Savers”

Times have moved on at the Pensions Regulator and the appointment of a young dynamic lawyer in Nausicaa Delfas looks a step in the right direction. Now the FCA needs to work out just where to target its efforts to … Continue reading

Posted in pensions | Tagged , , , , | Leave a comment

FCA governance head to be the next Pensions Regulator

  The Pensions Regulator (TPR) has announced the appointment of Nausicaa Delfas as its new Chief Executive. She is currently FCA head of Governance, she was until October the acting CEO and Chief Ombudsman of the Financial Ombudsman Service (FOS). … Continue reading

Posted in pensions | Tagged , , | Leave a comment

Parliament’s six challenges to LDI

Things are not going to be the same for fiduciaries, advisers or managers of DB pension schemes. That was the big message coming out of the lengthy evidence session conducted by the Work and Pension Committee on December 14th.   … Continue reading

Posted in pensions | Tagged , , , , , | 2 Comments