While trustees are split on whether compulsory knowledge should include a full regulatory understanding of the process of a pension transfer, many agree it could help better protect vulnerable savers.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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The Pensions Dashboards Programme (PDP)’s update outlining its breakdown of what will take place in the next six months of development is unlikely to be feasible, PP readers say.
Professional Pensions’ parent Incisive Media is pleased to announce its inaugural Sustainable Investment Festival is now CPD certified for up to 26 hours of interactive content across the event, including sessions tailored to the needs of trustees and pension scheme managers.