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LGPS ‘Fit for the Future’ reforms: shift of focus from policy to delivery as implementation challenge begins
Pensions analysis: The government has confirmed the regulatory framework for the Local Government Pension Scheme (LGPS) ‘Fit for the Future’ reforms in England and Wales. The reforms represent a major reshaping of the investment and governance framework for administering authorities and asset pools. The final regulations largely deliver the...
FCA issues Decision Notice to ban and fine Daniel Thomas £742,700 for unauthorised DB pension transfer advice
The Financial Conduct Authority (FCA) has issued a Decision Notice proposing to prohibit Daniel Thomas from working in financial services and impose a £742,700 financial penalty under sections 56 and 66 of the Financial Services and Markets Act 2000. Thomas, a director at DPT Financial Solutions Limited—an appointed representative of Quilter...
Public Services Committee publishes letter calling for support for schools facing falling pupil numbers
The House of Lords Public Services Committee has published a letter from its Chair, Lord Bradley, to the Minister of State for Education, Georgia Gould OBE MP, calling on the Department for Education (DfE) to provide further support and guidance to schools and local authorities managing falling primary school rolls. The letter states that existing...
No breach of law or maladministration in pension bulk transfer to master trust (Mr S, CAS-90942-R3V4)
Pensions analysis: The Pensions Ombudsman has rejected a complaint about a pension bulk transfer to a master trust. Martin Scott of gunnercooke LLP looks at the decision
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