FORTHCOMING DEVELOPMENT: On 30 July 2019 the Financial Conduct Authority (FCA) published a Consultation Paper CP19/25: Pension transfer advice: contingent charging and...
This Practice Note set out some of the key issues to be considered when acting on the purchase of a property from a Self-Invested Personal Pension (SIPP) or a Small...
What is an insistent client? The term ‘insistent client’ is commonly used to describe an individual who has received advice (ie a personal recommendation) and chooses to...
FORTHCOMING DEVELOPMENT 1: The Pension Schemes Bill 2020 was reintroduced in Parliament on 7 January 2020. This 2020 Bill (which differs from its withdrawn 2019...
Establishing, operating or winding up: • a stakeholder pension scheme, or • a personal pension scheme are regulated activities under the Financial Services and Markets...
THIS PRACTICE NOTE APPLIES TO OCCUPATIONAL AND PERSONAL PENSION SCHEMES The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013, SI...
This Practice Note focuses on the FCA requirement for workplace personal pension schemes to establish an independent governance committee (IGC), set out at COBS 19.5. For...
STOP PRESS: On 17 December 2019, the FCA published Policy Statement PS19/30 ‘Independent Governance Committees: extension of remit’ in response to its consultation...
Before 6 April 2006, personal pension schemes were specifically required to provide retirement benefits on a money purchase basis in order to be HMRC approved...
THIS PRACTICE NOTE APPLIES TO PERSONAL PENSION SCHEMES This Practice Note looks at the disclosure requirements that were applicable to trustees (or managers) of personal...
FORTHCOMING DEVELOPMENT: In July 2019 the Pensions Administration Standards Association (PASA) DB Transfers Working Group released ‘Defined Benefit Transfers: A Guide to...
Since the introduction of the pension flexibilities on 6 April 2015, changes have been made to legislation and the rules of the Financial Conduct Authority (FCA) Handbook...
With effect from 6 April 2015 (when the pension freedoms were introduced), provisions were inserted in legislation and the rules of the Financial Conduct Authority (FCA)...
This Practice Note looks at the Financial Services Compensation Scheme (FSCS) in the context of pensions. For further information and detail on the FSCS in general, see...
There are a variety of possible pension arrangements which employers can offer to their employees. These are described in Practice Note: Types of pension arrangements for...
Role of the Pensions Regulator Statutory objectives The core role of the Pensions Regulator is to fulfil the statutory objectives set out in the Pensions Act 2004, s 5...
Application of the RDR The Retail Distribution Review (RDR) introduced major changes to the retail investment market and applies to regulated firms in that market. This...
FORTHCOMING DEVELOPMENT: Following a period of consultation, the government decided to restrict the statutory right to transfer (contained in sections 93–101 of the...
This Practice Note looks at legal and practical issues that arise on the winding up of a personal pension scheme by its provider, scheme administrator and any trustee....
