Parliament

The industry responds to regulations intended to drive up DC standards

Industry figures have called for a bill preventing the use of corporate directors to include an exemption for pension trustee companies.

The Financial Conduct Authority (FCA) must establish a ‘second line of defence' for retirees ahead of pension freedom or the industry faces another major mis-selling scandal, according to MPs.

The government has dropped plans to fine savers who access defined contribution (DC) pots under changes announced in the Budget but fail to alert all their previous pension providers.

The Financial Conduct Authority (FCA) expects the guidance guarantee to "help people understand the questions they should be asking", not offer choices for them, director of policy David Geale has told MPs.

The Institute of Directors (IoD) has made a plea to the next elected government to not make any more changes to pension legislation or even appoint a pensions minister.

The pension industry is in danger of being overwhelmed by the volume of legislative changes it is facing, says the Association of Consulting Actuaries (ACA).

Jack Jones looks at the latest Pensions Bill, published last week

The 2014 Pension Schemes Bill, which will provide the legislative framework for arrangements that share risk between scheme members and sponsors, has been laid before parliament.

The 2014 Pension Schemes Bill, which will provide the legislative framework for arrangements that share risk between scheme members and sponsors, has been laid before parliament.