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You searched for the term FCA feedback paper workplace pensions Your search returned the following 40 results...
 
  • Pension news from 2019 - Royal London for advisers

    pensions stove. This month we take a look under the saucepan lid to check on progress. Our summary and thoughts on the FCA’s recent feedback statement 19/5: Effective competition in non-workplace pensions Jul 26 2020 In July 2019, the Financial Conduct Authority (FCA) produced feedback statement FS19/5...

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  • FCA Retirement Outcomes Review final report and consultation - Royal London for advisers

    FCA Retirement Outcomes Review final report and consultation Justin Corliss 26 July 2018 Share Share Justin Corliss explains the recent FCA review of retirement outcomes. On 28 June the FCA released the Retirement Outcomes Review (ROR) final report along with a consultation paper CP18/17, looking...

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  • FCA policy statement signals big changes in the pension transfer advice market - Royal London for advisers

    FCA policy statement signals big changes in the pension transfer advice market Justin Corliss 30 June 2020 Share Share Our Senior Pensions Development and Technical Manager, Justin Corliss, considers the main points of policy statement PS20/6 that impact the provision of advice on pension transfers...

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  • Pension transfer policy statement - Royal London for advisers

    Pension transfer policy statement PS20/6 - a quick summary 5 June 2020 Share Share Today, the FCA released their much anticipated response to the 2019 consultation on Pension transfer advice, PS20/6 –‘Pension transfer advice: feedback on CP19/25: our final rules and guidance’. Commenting on today’s...

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  • Increasing the Financial Ombudsman Service (FOS) Award Limits - Royal London for advisers

    ...before age 55. Pressure to act quickly. The firm facilitating the scam is not a FCA regulated firm. If a SSAS is being used it’s unlikely... Our summary and thoughts on the FCA’s recent feedback statement 19/5: Effective competition in non-workplace pensions - Royal London for advisers Our...

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  • Anti-money laundering - we’ve made some changes to our identity verification checks for workplace pensions - Royal London for advisers

    ...identity verification checks 27 August 2019 Share Share From 27 August, we’re updating our application and... Pension news from 2019 - Royal London for advisers ...at Royal London, reports on the proposed changes in the FCA's recent consultation paper about pension transfers and contingent charging. We’ve...

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  • A closer look at consultation paper CP19/25 - Royal London for advisers

    A closer look at consultation paper CP19/25 Justin Corliss 23 August 2019 Share Share Justin Corliss, Senior Business Development Manager at Royal London, reports on the proposed changes in the FCA's recent consultation paper about pension transfers and contingent charging. On 30 July 2019, the FCA...

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  • FCA consults further on pension transfer advice - Royal London for advisers

    FCA consults further on pension transfer advice Robin Nimmo 29 May 2018 Robin Nimmo considers the latest FCA consultation paper on pension transfer advice. On Monday 26 March the FCA published CP18/7, a further consultation on improving the quality of pension transfer advice, alongside its much...

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    Workplace pensions

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  • DB pension transfer advice consultation - Royal London for advisers

    DB pension transfer advice consultation Robin Nimmo 20 December 2019 Share Share We responded to the latest FCA consultation paper CP19/25 on DB pension transfer advice which closed at the end of October 2019. Here we look at what we said in our response. Banning contingent charging The most...

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    Defined Benefit

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  • FCA produces new rules for Pension Transfers - Royal London for advisers

    FCA produces new rules for pension transfers Justin Corliss 24 April 2018 Share Share Justin Corliss looks at what we know from the recently published FCA consultation paper on pension transfers. On Monday 26 March the FCA released PS18/6, its much awaited response to the CP17/16 consultation paper...

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  • FCA financial advice market review - Royal London for advisers

    FCA review of the financial advice market Robin Nimmo 23 December 2019 Share Share The FCA is reviewing the impact that the Retail Distribution Review (RDR) and Financial Advice Market Review (FAMR) have had on improving customer outcomes from financial advice and guidance. We consider some...

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  • Destination workplace - Royal London for advisers

    Destination workplace Justin Corliss 7 August 2020 Share Share Our Senior Pensions Development and Technical Manager, Justin Corliss, considers the FCA’s strengthened position on considering a client’s workplace pension scheme as a destination for a transfer and why it might not be the best option...

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    Workplace pensions

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  • Small advisers still have a role - Royal London for advisers

    ...estimate there have... About the author Tom Dunbar Distribution Director Tom is responsible for Royal London Intermediary distribution of protection, individual pensions and workplace pensions. He was previously Group Strategy Director at Royal London. Before Royal London, Tom was a Partner at NMG...

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  • New FCA rules on pension transfer values set to shake up transfer market - Royal London for advisers

    New FCA rules on pension transfer values set to shake up transfer market 24 October 2018 Share Share Our new policy paper with Lane, Clark & Peacock explains how FCA rules on pension transfer advice bring significant change in the member-adviser conversation. From 1 October 2018, advisers need...

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    Defined Benefit

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  • Our statement on consultation paper 19/25 - Royal London for advisers

    Our statement on consultation paper CP 19/25 7 August 2019 Following the consultation paper CP19/25 released by the FCA on Tuesday 30 July 2019, the advice provided on defined benefits pension transfers looks set for a new wave of scrutiny by the regulator. The key takeaways from this document...

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  • Coronavirus scams - how to spot and avoid them - Royal London for advisers

    . They should also ignore any offers they receive via email, text or online adverts. Clients can check that any firm they deal with appears on the FCA's Register then call the FCA’s Consumer Helpline on 0800 111 6768 to check the firm's allowed to give pensions advice. 2. Advance loan fee fraud This scam...

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  • British Steel Pension Scheme independent review - Royal London for advisers

    ...of the communications and support provided to members of the British Steel Pension Scheme (BSPS) during the restructure and ‘time to choose’ exercise conducted in 2017. This review, requested by The Pensions Regulator (TPR), wasn’t aimed at blaming the employer, trustees or other parties. Instead it aims...

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  • FCA announces further action on defined benefit transfers - Royal London for advisers

    FCA announces further action on defined benefit transfers Justin Corliss 25 July 2019 Share Share On 19 June 2019, the FCA provided an update analysing advice on defined benefit pension transfers since pension freedoms began in 2015. Rather than assessing the quality of advice given, the update...

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  • Will we ever summit the pension mountain? - Royal London for advisers

    ...in living standards. Our new policy paper seeks to answer clients’ most frequently asked question in pensions – how much do I need to save for my retirement?  It looks at an average earner on just under £27,000 per year, and assumes that they draw a full state pension of just over £8,500 each year...

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  • Is there a safe harbour in the triage storm? - Royal London for advisers

    Is there a safe harbour in the triage storm? Steve Webb 25 September 2018 Share Share Steve Webb looks at how advisers differ in their approach to pension transfer and whether there's a need for standardisation. One of the many issues on which the FCA has recently consulted is how advisers ‘triage...

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  • Understanding PROD - Royal London for advisers

    Designing a compliant and robust PROD process 19 February 2020 Share Share Follow our simple steps to help you design your PROD process and take a look at the material we’ve created to support you. Understanding PROD Introduced in January 2018, the FCA’s Product Intervention and Product Governance...

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  • Looking after your client’s financial wellbeing - Royal London for advisers

    Looking after your client’s financial wellbeing 17 April 2020 Share Share During these difficult and challenging times, whether it’s your individual or workplace clients, they’re going to need more support. As a mutual, we’re committed to helping customers look after their long-term financial...

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  • Steve Webb looks back at 2018 in pensions - Royal London for advisers

    Steve Webb looks back at 2018 in pensions Steve Webb 19 December 2018 From DB transfers to Brexit: Steve Webb considers the big stories in pensions from the last 12 months. Transfers One of the dominant pension stories of 2018 was the large numbers of people taking advantage of pension freedoms...

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  • We’ve launched our new workplace annual statements - Royal London for advisers

    We’ve launched our new workplace annual statements 25 July 2018 Share Share As part of our ongoing commitment to improving communications with our customers, we’ve introduced a new workplace annual statement. Our new annual statement Download What’s changed?  We’ve created a fresh and modern design...

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  • New and improved annual statement for Retirement Solutions Company Pension Plans - Royal London for advisers

    New and improved annual statement for Retirement Solutions Company Pension Plans 27 August 2019 Share Share In 2018 we re-launched our annual statements with a fresh and modern new design. We’ve made even more improvements for this year, and made them available to more of your workplace clients...

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  • We’ve launched our new annual statements for continuation plans - Royal London for advisers

    We’ve launched our new annual statements for continuation plans 25 September 2018 Share Share This is the next instalment of our ongoing commitment to improving communications with our customers. Our new annual statement for continuation plans Download What’s changed?  Previous members of workplace...

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  • Schools of thought - Royal London for advisers

    Teachers' pension scheme - schools of thought Moira Warner 27 February 2020 Share Share If you read the material we publish on public sector pensions, you’ll know that we’ve been watching the Teachers’ Pension Schemes (TPS)/independent schools story unfold with interest and concern in equal measure...

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  • What’s next for workplace pensions? - Royal London for advisers

    ...for our workplace pension customers throughout stormy market... Changing our default investment to drawdown - Royal London for advisers Changing our default investment to drawdown 24 January 2018 Share Share We are changing our investment default for workplace pension customers to... Workplace pensions...

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  • The lasting effects of lockdown - Royal London for advisers

    Distribution Director Tom is responsible for Royal London Intermediary distribution of protection, individual pensions and workplace pensions. He was previously Group Strategy Director at Royal London. Before Royal London, Tom was a Partner at NMG Consulting where he provided strategy advice on where...

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  • Helping trustees with DB transfers - Royal London for advisers

    Helping trustees with DB transfers 25 September 2018 Share Share Our policy paper helps pension trustees steer the right course in a world of large-scale DB pension transfers. Few issues divide the pensions’ world like transfers from defined benefit (DB) to defined contribution (DC) schemes...

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  • ONS statistics show there’s important lessons still to be learned about pensions - Royal London for advisers

    ...enough about pensions to make decisions around saving for retirement. The research also showed people’s views on what they thought the safest way to save for retirement was. While one in four people said paying into a workplace pension scheme was the safest way to save for retirement...

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  • Pensions Dashboard – What’s changed, and what do you think? - Royal London for advisers

    (and what they want to show them), it’s right to ask customers directly  The paper suggests ‘big DC schemes’ go first – but what does this really mean? A ‘big DC scheme’ may mean something very different to my pension technical colleagues than what the rest of us think it means.  What they really mean...

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  • De(CIP)hering CRPs - Royal London for advisers

    ...is very different to the accumulation phase. The FCA also view them as two very different and distinctive phases. Having a robust process in place to separate the two can only be a good thing and that’s where centralised retirement propositions (CRP) come into play. A little CIP of history...

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    Investment governance

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  • Helping your workplace clients stay on top of their employer duties - Royal London for advisers

    ...this crisis and do the right thing for their employees.  Pensions may not have been at the top of the priority list. However, both the Government and TPR have confirmed that automatic enrolment legislation will stay as it is. Employers should keep on going Firstly, this means your workplace clients...

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  • We’re rated gold, 3 years in a row! - Royal London for advisers

    ...insurance, pensions and investment provider. The assessor recognised that trust and customer focus are rooted in our culture, strengthened by our mutual status. The introduction of our CVS:Adviser lens and Adviser relationship study is seen as a strength, ensuring we build solutions that not only meet...

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  • Doctors’ pensions - when 50% of something is better than 0% of nothing - Royal London for advisers

    Doctors’ pensions - when 50% of something is better than 0% of nothing Moira Warner 25 July 2019 Share Share Moira Warner, Senior Business Development Manager, examines the Government proposal for a 50:50 pension option for NHS doctors and how it could work in practice. The first half of 2019 has...

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  • Steve Webb: Is it time for the care pension? - Royal London for advisers

    ...to buy and insurers to provide could offer a resolution to help people cover mounting care costs. Download our policy paper Is it time for the care pension? DOWNLOAD Our latest policy paper points out that, following the introduction of ‘pension freedoms’, a growing number of people go into retirement...

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  • Putting a number on the value of advice - Royal London for advisers

    . For example, new client acquisition based on personal... About the author Tom Dunbar Distribution Director Tom is responsible for Royal London Intermediary distribution of protection, individual pensions and workplace pensions. He was previously Group Strategy Director at Royal London. Before Royal...

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  • The lifetime allowance ‘timebomb’ - Royal London for advisers

    ...to a small minority of savers, to a mainstream concern in pension planning.  Policy Paper 311 – ‘The Lifetime Allowance timebomb’ – provides the first estimates of the cumulative impact of three large cuts in the Lifetime Allowance in recent years.  It draws on the Government’s ‘Wealth and Assets’ survey...

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  • Now is the time to review your drawdown advice process - Royal London for advisers

    ...of sustained market volatility. The impact on income sustainability is substantial but has Covid-19 brought adviser processes around drawdown advice into sharper focus? Drawdown is and always has been a risky product. The FCA has continued to stress its concerns with the suitability of drawdown advice...

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The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.