Trustees told to step up as FCA contingent charging ban takes effect

Hope William-Smith
clock • 2 min read

Trustees are set to have an increased duty of care to ensure employees and members make informed choices when accessing their pension, according to Wealth At Work.

The financial education provider said the Financial Conduct Authority's ban on the use of contingent charging for defined benefit (DB) transfers will see schemes and trustees take more of the load ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight Video: Running on your defined benefit pension scheme

Partner Insight Video: Running on your defined benefit pension scheme

John Harvey, Partner at Aon
clock 26 March 2025 • 1 min read
DB transfer activity index falls to record low in February

DB transfer activity index falls to record low in February

XPS analysis finds transfer activity falls to its lowest level since 2018

Martin Richmond
clock 24 March 2025 • 1 min read
PIC completed record level of new business premiums in 2024

PIC completed record level of new business premiums in 2024

Specialist DB insurer’s annual results showed it completed £8.1bn of new premiums last year

Martin Richmond
clock 18 March 2025 • 2 min read
Trustpilot