Pensions Watchdog Rethinks Code After Industry Reacts
By Najiyya Budaly (August 25, 2021, 3:00 PM BST) -- Britain's pensions watchdog has said that it plans to ditch proposed rules on unregulated investments in retirement savings pots and will review self-assessment plans after the sector raised concerns about an incoming code of practice.
The Pensions Regulator said on Tuesday that it will scrap the so-called 20% rule for unregulated investments. The proposed rule would have meant that pension trustees must cap their investments in unregulated products at 20%, compared with the present rules that trustees should "predominantly" hold assets that are traded on regulated markets.
The change was proposed in March during a consultation on TPR's updated guidance for...
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