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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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    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

  • 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

  • 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

  • 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

  • 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

  • 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

  • Safeguarded benefits - Royal London for advisers

    (TVC)) which aims to show the cost of providing the same benefits as the DB scheme but in a DC scheme. FCA - Policy Statement PS15/12 - Proposed changes to our pension transfer rules: Feedback on CP15/7 and final rules FCA – Policy statement PS18/6 - Advising on Pension Transfers – feedback on CP17/16...

  • 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

  • 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

  • Pension news from 2019 - Royal London for advisers

    . We’ve made even more improvements for this year, and made them available to more of your workplace clients. A closer look at consultation paper CP19/25 Aug 27 2019 Justin Corliss, Senior Business Development Manager at Royal London, reports on the proposed changes in the FCA's recent consultation...

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    News

    Blog

  • 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

  • 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

  • Pension product information - Royal London for advisers

    A closer look at consultation paper CP19/25 Justin Corliss, Senior Business Development Manager at Royal London, comments on the proposed changes in the FCA's recent consultation paper about pension transfers and contingent charging. 27 Aug 2019 Centralised Retirement Propositions (CRP) Lorna Blyth...

  • Steve Webb webinar - The pensions policy agenda in 2018 - Royal London for advisers

    ...they're likely to make. Watch a recording What will you learn? How the landscape for DB to DC transfers could be affected by the Select Committee inquiry and announcements by the FCA and the Pensions Regulator. How the DB White Paper could affect the future shape of Defined Benefit pensions. The impact...

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    News

  • 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

  • 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

  • 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

  • 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

  • Fixed protection - Royal London for advisers

    ...if the scheme has a legally binding rule that treats an individual who opts out of scheme membership as never having been a member of the scheme, or if the individual has cancelled the pension contract under the FCA cancellation rules with the result that the contract is treated as void from the start...

  • 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. Client review service For clients who are taking tax-free cash from the...

  • With Profits funds - Royal London for advisers

    With Profits funds How does a With Profits plan work? With Profits is a type of pooled arrangement that may invest in companies, both in the UK and overseas, government stocks, property, and other types of assets. Instead of receiving direct investment returns, for example dividends, rents, interest and capital appreciation, Wit...

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    Fund information

  • Finances and finding ‘the one’ later in life - Royal London for advisers

    Finances and finding ‘the one’ later in life 28 May 2019 Share Share We look at how a change in relationship status later in life can impact financial planning for your clients. Recent marriage stats show huge changes in how we live our lives. Marriage rates at younger ages continue to fall while marriage rates for men over the...

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    News

    Blog

  • Our adviser commitments - Royal London for advisers

    Our adviser commitments Don't ask us for advice Download our leaflet to find out why we're fully committed to working with advisers. Download At Royal London, we believe customers enjoy better financial futures when advisers and providers work together. That’s why we stick to what we do best - delivering value for money proposit...

  • 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

  • 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

  • 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

  • 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...

  • 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...

  • 2016 Budget Summary - Royal London for advisers

    2016 Budget Summary George Osborne delivered his eighth Budget on Wednesday 16 March 2016. Our view Just at the point that millions of under forties have started pension saving for the first time, the Chancellor has set up a rival product which risks causing mass confusion. Young savers who opt out of pensions in favour of a Lif...

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    Information and guidance

  • 2014 Budget Summary - Royal London for advisers

    2014 Budget Summary George Osborne delivered his fifth Budget on Wednesday 19 March 2014. Our view We welcome the changes to the limits on stranded pots and triviality as this will give more flexibility to those with low value pension savings. We are surprised at the extent of this relaxation, and the removal of all limits which...

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    Information and guidance

  • Changes to our fund range - Royal London for advisers

    Changes to our fund range View the fund changes we've made as part of our ongoing governance reviews. Funds on our range are subject to change. If the change significantly affects what the fund can invest in or the specific risks associated with the fund then we will write to you and your client in advance. All other changes wil...

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    Fund information

  • 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

  • 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

  • Income drawdown from Royal London - Royal London for advisers

    Income drawdown from Royal London At Royal London, we’re committed to supporting you and your clients. That’s why we’ve composed a drawdown proposition that will be music to your ears. From carefully crafted investments, to flexible retirement options, we’ve fine-tuned things to create an overall package that offers flexibility...

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

    Will we ever summit the pension mountain? 29 May 2018 Share Share We seek to answer your clients’ most frequently asked question: how much do I need to save for my retirement? Our recent research has found that the amount of retirement savings needed for a comfortable retirement has grown in size in real terms by three quarters...

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    News

    Blog

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

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.