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UK pensions industry: "no case" for single European solvency rules

EU regulators are pressing ahead with unnecessary new solvency rules for pensions while neglecting more important issues, including better scheme governance and encouraging long-term investment, according to the UK's National Association for Pension Funds... 16 Jan 2015

UK government unveils planned pension guidance service, as figures show £6bn could be released under new freedoms

Pension providers will be required to include "clear and prominent" statements about the existence of government-backed free financial guidance on all "relevant communications" with consumers from as early as next month, the Financial Conduct Authority (FCA)... 13 Jan 2015

Out-Law Guides

First ombudsman decisions in pension liberation cases show need for a change in the law, says expert

The Pensions Ombudsman has dismissed complaints by three pension scheme members who were prevented from transferring their savings into suspected liberation schemes, but has warned that "mere suspicion" is not enough reason for a provider to block a transfer... 12 Jan 2015

Annuities need innovation, but UK government should "tread carefully" before opening up pension freedoms to market, says expert

Plans to extend new pension market freedoms to existing annuity holders, potentially allowing them to sell the policies for a cash sum, would require careful consideration to ensure risks to consumers and buyers were minimised, an expert has said. 06 Jan 2015

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