FCA Toughens Rules For Workplace Pension Oversight
Law360, London (December 19, 2019, 1:20 AM GMT) -- New rules introduced by the Financial Conduct Authority will increase independent oversight of the options given by workplace pension providers to customers wanting to “drawdown” on their retirement savings.
The FCA announced on Tuesday it was broadening the scope of independent governance committees, which are panels designed to scrutinize the work of workplace pension funds.
Investors aged 55 or over have been permitted since 2015 to move all their money, or draw it down, and cash in up to 25% of it tax-free. But charges vary considerably and are often “complex, opaque and hard to compare,” the FCA has previously said....
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!