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You searched for the term FCA Your search returned the following 40 results...
 
  • Our summary and thoughts on the FCA’s recent feedback statement 19/5: Effective competition in non-workplace pensions - Royal London for advisers

    Our summary and thoughts on the FCA’s recent feedback statement 19/5: Effective competition in non-workplace pensions Craig Muir 17 September 2019 Share Share In July 2019, the Financial Conduct Authority (FCA) produced feedback statement FS19/5 which outlines a number of proposals to improve...

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    Opinion

    Workplace pensions

  • 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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    News

  • Pensions liberation fraud - Royal London for advisers

    ...pension 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 the scammer will insist on being the independent trustee. A brief history of pension scams The original pension scam involved setting up a large...

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    Information and guidance

  • Pension news from 2019 - Royal London for advisers

    Pension news from 2019 DB pension transfer advice consultation Dec 23 2019 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. FCA review of the financial advice market Dec 23...

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    News

    Blog

  • 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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    Industry update

    Opinion

    News

    ...

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

    Increasing the Financial Ombudsman Service (FOS) award limits Robin Nimmo 24 January 2019 Share Share Find out how we responded to the FCA consultation on increasing the FOS compensation limits. The FCA consultation CP18/31 on ‘Increasing the award limit for the Financial Ombudsman Service’ closed...

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    News

    Blog

  • 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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    News

  • 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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    News

    Blog

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

    ...be lost as businesses grow. FCA figures demonstrate the profitability of smaller companies, with 97 per cent of concerns with between one and five advisers making a profit compared with 73 per cent of those with more than 50 advisers. The figures show these smaller companies are also making more profit...

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    News

    Blog

  • Retirement Outcomes Review – Part 1 of 2 - Royal London for advisers

    Retirement Outcomes Review - part 1 Robin Nimmo 28 May 2019 Share Share The FCA published policy statement PS19/1 at the end of January 2019 detailing the first part of its package of remedies to address the issues they identified in the retirement market. Here we take a look at what the main...

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    News

    Blog

  • Pension product information - Royal London for advisers

    ...specialist tools help you deliver cost-effective services and cut through the complexities of compliance. Latest pensions news More news End of tax year - new business checklist and submission deadlines End of tax year - new business checklist and submission deadlines 21 Jan 2020 FCA review of the financial...

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

    FCA consults further on pension transfer advice Robin Nimmo 29 May 2018 Share Share 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...

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    Workplace pensions

    News

    Blog

  • 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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    News

    Blog

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

    ...values. Trustees directed members to Unbiased and the FCA register, which the report found weren’t unbiased or fit for purpose respectively. What does the report recommend? TPR and FCA should consult to see if TPR should be given new powers to consider how prepared a scheme is to handle the member...

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    News

    Blog

  • Latest pension news with Viewpoint - Royal London for advisers

    Skip to content Contact us Search Login / Register FOR ADVISERS ONLY Toggle navigation Home Pensions Protection Technical Central Literature library Tools About us Personal pensions Workplace pensions Investment Income drawdown Supporting your business Why us? Welcome to Viewpoint Viewpoint is designed to keep you up to date wit...

  • Governed portfolios due diligence report - Royal London for advisers

    Governed portfolios due diligence report Find out more about what the FCA want you to look at. The FSA outlined in their 2012 consultation paper that if you're recommending a centralised investment proposition (CIP), you need to carry out due diligence on the CIP you're recommending. We've taken...

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    Investment overview

  • Pensions technical -useful links - Royal London for advisers

    Pensions technical - useful links We have identified a number of websites which you might find useful. Government Bodies 10 Downing Street Department for Work and Pensions Financial Conduct Authority GOV.UK - Transfer of undertakings (protection of employment) regulations (TUPE) Government Actuary's Department HM Revenue & Custo...

  • Retirement Outcomes Review part 1 - new age-based packs - Royal London for advisers

    Retirement Outcomes Review phase 1 - new age-based packs 30 October 2019 Share Share We’re introducing new-aged based packs as a result of the FCA’s new rules on ‘wake-up packs’. The FCA published policy statement PS19/1 at the end of January 2019, looking at how they plan to tackle some...

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    News

    Blog

  • Salary exchange calculator - Royal London for advisers

    Salary exchange calculator Use our handy tool to work out the savings and produce individual employee statements. By using this tool, you must have a legal basis for processing the information inputted and consent to our use of that information. The required fields are clearly marked with a *. We don’t use the information inputt...

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    Tools

    Salary exchange

  • 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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    News

    Blog

  • Safeguarded benefits - Royal London for advisers

    . This includes a prescribed comparator (Transfer Value Comparator) which aims to show the cost of providing the same benefits as the DB scheme but in a DC scheme. Please note that pension transfers are currently under consultation, please read: FCA - CP19/25: Pension transfer advice: contingent...

  • Lifetime allowance master-class - Royal London for advisers

    ...requirements. the impacts of MiFID II on the different centralised investment propositions (CIP). how MiFID II implements the FCA product governance (PROD) rules. Last updated: 01 Oct 2019...

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    CPD

    Webinars

  • 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

    News

    Blog

  • 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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    News

  • Centralised Retirement Propositions (CRP) - Royal London for advisers

    ...trend in annuity purchase. Drawdown is where it’s at. However it brings a different challenge - how to manage client savings in the income phase so the money doesn’t run out. It’s a hot topic and features in the FCA’s Retirement Outcomes Review which is a package of reforms designed to address...

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    Blog

  • 2018 Autumn Budget Summary - Royal London for advisers

    £1,030,000 to £1,055,000 for 2019/20. Pension fund investment in patient capital 4.43 of HM Treasury - Budget 2018 The FCA will publish a discussion paper by the end of 2018 to explore how effectively the UK’s existing fund regime enables investment in patient capital. This will accompany the ongoing...

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    Information and guidance

  • 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

    News

    Blog

  • How to register - Royal London for advisers

    ...then access our online service for illustrations, new business tracking and client management. The registration process To register you will need your FCA number and a current Royal London agency number. Complete our online registration form, ensuring you fill in all mandatory fields. If you have...

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    Online service

  • Assess your clients’ needs - Royal London for advisers

    ...range? You can use this tool to view past performance of the Governed Portfolios with any of the replacement equity funds and compare against the off-the-shelf portfolio versions. Due diligence document We've taken some of the FCA concerns and created a due diligence report on our Governed...

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    Investment options

  • Safeguarded Rights - frequently asked questions - Royal London for advisers

    ...involved in the transaction to be a pension transfer specialist.  Where firms only want permission to be able to transfer plans where GARs are the only safeguarded benefit, the FCA will consider granting a limited permission. 2. Does an adviser need to be a pension transfer specialist to advise...

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    Frequently asked questions

  • Our Royal London Pension Property fund - Royal London for advisers

    ...and show that the liquidity of the property fund is a key topic for discussion at almost every meeting. On top of this, we apply daily liquidity monitoring and customer dynamic monitoring processes. We are also in close contact with the FCA in relation to the ongoing management and dynamics of this fund. Next steps For more information please contact your usual sales consultant. Last updated: 06 Dec 2019...

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    News

    Blog

  • Official figures show shocking disparity in pensioner incomes - Royal London for advisers

    Official figures show disparity in pensioner incomes 23 April 2018 Share Share Our recent analysis of HMRC figures has highlighted shocking disparities in pension incomes throughout the UK. Our recent analysis of HMRC figures has highlighted shocking disparities in pension incomes throughout the UK.   HMRC’s Personal Incomes Sta...

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    News

  • Sophisticated tools - Royal London for advisers

    Sophisticated tools Our range of tools bring together everything you need to conduct a cost-effective planning and review service to your clients. You can use them alongside our clear and simple communications to support and enrich your client conversations. Financial planning tool Use our financial planning tool to create a fin...

  • Supporting your drawdown conversations - Royal London for advisers

    Supporting your drawdown conversations From useful articles to engaging webinars, we’ve designed this drawdown hub to help your client conversations hit all the right notes. These videos dig deeper into how advisers conduct their drawdown conversations, including choosing the right drawdown product and understanding regulatory i...

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    Income Release

  • Retirement Outcomes Review – Part 2 of 2 - Royal London for advisers

    Retirement Outcomes Review - Part 2 of 2 Robin Nimmo 23 October 2019 Share Share The FCA published policy statement PS19/21 at the end of July 2019 detailing the second part of its package of remedies to address the issues it had identified in the retirement market. Here we look at the changes...

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    News

    Blog

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

    Select Committee inquiry ensued and the FCA is currently gathering data on the entire market to stamp out bad practice. Contribution increases On a more positive note, April 2018 saw a major landmark with the step up in mandatory pension contributions under auto enrolment from 2% to 5...

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    News

    Blog

  • Do you use Unipass? - Royal London for advisers

    Do you use Unipass? Unipass is a simple, single solution that provides you with access to most online financial services.  What’s more, having Unipass allows you to register for Origo’s Agency Administration service. Unipass Agency Administration What is it?  In simple terms, Unipass is a digital certificate - a small encrypted...

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    Online service

  • Business owner - the need for financial planning CPD - Royal London for advisers

    Business owner - the need for financial planning In this packed webinar, Fiona talks about the rise in business owners and the real need for financial planning. Fiona also covers the options for business owners when extracting company profits - including the benefits of pensions and the implications of the annual allowance, tape...

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    CPD

    Webinars

  • Pensions and ESG - Royal London for advisers

    -financial considerations. So, significant changes coming down the tracks. We’re also seeing activity from the FCA, they’re proposing similar changes for pension providers, and also changes coming in that will affect asset managers as well. John – You mentioned climate change there as a specific...

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    Investment options

    Opinion

  • The Pensions Regulator - Royal London for advisers

    The Pensions Regulator (TPR) TPR will be responsible for ensuring that employers comply with their employer duties. How will TPR help to ensure that employers comply with the duties? Useful links TPR website Pensions Act 2008 TPR's approach will include: telling employers when their staging date is providing employers with guida...

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    Workplace pensions

    Auto enrolment

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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.