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Private sector pension contributions doubled
Private sector employee contributions doubled in the past decade from £8.3bn in 2009 to £16.6bn in 2019.
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UK gender pension gap widens
Single male pensioners receive up to 26% more income than single female pensioners, according to a report using data complied from the Office for National Statistics.
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High Court rules in favour of FCA in pensions introduction case
The High Court ruled in favour of the FCA in a civil action against two firms and their directors who induced clients to transfer their pensions in SIPPs and alternative investments without FCA authorisation.
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FCA defers SMCR regime for 4 months
The FCA has extended the deadline for firms to complete the first assessment of the “fitness and propriety” of their Certified Persons under the new Senior Managers and Certification Regime (SMCR) from 9 December until 31 March.
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DB transfers near £10bn in Q4 2019
Almost £10bn was transferred out of defined benefit pensions in the final quarter of 2019, according to official data.
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