Pensions Aspects Magazine
![To go the extra mile? Facilitating financial advice for DB scheme members seeking to transfer out](https://www.pensions-pmi.org.uk/media/4xqf2de4/page-30.jpg?anchor=center&mode=crop&width=860&height=860&rnd=132446413554030000)
To go the extra mile? Facilitating financial advice for DB scheme members seeking to transfer out
“Despite our previous interventions, both with individual firms and across the sector, we think the risk of harm from unsuitable advice remains unacceptably high.” FCA, Policy statement on pension transfer advice (June 2020)
Read more![Charge cap review commences](https://www.pensions-pmi.org.uk/media/kpyl2pm1/page-32.jpg?anchor=center&mode=crop&width=820&height=820&rnd=132446413562000000)
Charge cap review commences
The Department of Work and Pensions (DWP) has issued a Call for Evidence seeking views on the effectiveness of costs, charges and transparency measures in protecting pension member outcomes. In particular, the DWP wants input on the ‘level and scope’ of the charge cap that applies to Defined Contribution (DC) default arrangements used for auto-enrolment. This could mean a squeeze on providers to bring charges down – although this doesn’t automatically guarantee better value...
Read more![When the going gets tough, the tough get going](https://www.pensions-pmi.org.uk/media/r1yojopw/page-33.jpg?center=0.62461131524133084,0.49419197711004131&mode=crop&width=820&height=820&rnd=132447275147770000)
When the going gets tough, the tough get going
Pensions Administration has to be one of the most exciting jobs in the world. With the drift towards Defined Contribution (DC), the importance of administration, automation, Artificial Intelligence and member communication makes it even more so. While everyone gets excited about FANGS (Facebook, Amazon, Netflix, Google and Spotify), I can quite happily get my kicks right here, right now.
Read more![DC considerations: communicating with people in challenging times](https://www.pensions-pmi.org.uk/media/psyo0f4f/page-34.jpg?anchor=center&mode=crop&width=820&height=820&rnd=132446413576970000)
DC considerations: communicating with people in challenging times
“My parents are in a high risk category”, “my partner’s been furloughed”, “I’m burning through cash” and “the market has dropped 30%” – in unsettling times people need clear, reassuring information. Otherwise there’s a danger they might be tempted to make kneejerk decisions and derail their retirement plans.
Read more![Evolving ESG regulation and its impact on DC](https://www.pensions-pmi.org.uk/media/ikjpgwiu/page-35.jpg?anchor=center&mode=crop&width=820&height=820&rnd=132446413587970000)
Evolving ESG regulation and its impact on DC
You’ve updated your statement of investment principles; you’re preparing to write an implementation statement… surely it’s time for a lull in regulatory changes for Defined Contribution (DC) investments? Actually, no – there’s a range of developments on the horizon that DC trustees need to consider and plan for. Here’s an overview of key points to watch.
Read more![Trustees must remain ready for Covid-19 balancing act](https://www.pensions-pmi.org.uk/media/0ree444f/page-38.jpg?anchor=center&mode=crop&width=860&height=860&rnd=132446413602530000)
Trustees must remain ready for Covid-19 balancing act
When lockdown began in March the long-term economic impact of the coronavirus was far from clear.
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