Pension Law Regulation

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Commenting on the publication today (Thursday) of the final Retirement income market study report from the Financial Conduct Authority (FCA), which warns that the government’s pensions reforms may expose savers to risks, TUC General Secretary Frances O’Grady said: “This report confirms that the annuities market worked badly for many savers...
26 March 2015
Commenting on reports that the Chancellor will today (Wednesday) publish a consultation on proposals to allow pensioners to trade their annuities, TUC General Secretary Frances O’Grady said: “The government is again attempting to remedy a market failure by creating another market in the blind hope that this one might be...
18 March 2015
Commenting on reports today (Thursday) that the government may allow retired people to trade their annuity on an open market, TUC General Secretary Frances O’Grady said: “It is hard to see a market in second-hand annuities taking off in ways that offer fair value for consumers. And if there is...
12 March 2015
Commenting on the publication today (Tuesday) by the Work and Pensions Committee of a report on the new pension flexibilities that commence in April 2015, TUC General Secretary Frances O’Grady said: “The Committee is right to warn that savers are at risk of being “ripped off” in a new pensions...
10 March 2015
Commenting on the launch today of the Which? Better Pensions campaign, TUC General Secretary Frances O’Grady said: “As the valuable research from Which? shows, millions of people could lose thousands of pounds due to excessive charges in retirement at the very time they should be enjoying the fruits of their...
06 March 2015
Commenting on new figures released by the Office for National Statistics on the take-up of pension auto-enrolment in the workplace, TUC General Secretary Frances O’Grady said: “This is great news, and we can expect the numbers saving in a pension to increase further as auto-enrolment is rolled out to include...
26 February 2015
Commenting on new rules announced today (Wednesday) by the government and the Financial Conduct Authority to protect pension savers, TUC General Secretary Frances O’Grady said: “The cap on charges is good news for pension savers, but those with savings in old schemes will not benefit from it. The government’s failure...
04 February 2015
Responding to the interim report published today (Thursday) by the Financial Conduct Authority (FCA) on annuity sales practices and retirement income, TUC General Secretary Frances O’Grady said: “The FCA report is not only damning about the past failures of the annuities market, it also warns that savers could be even...
11 December 2014
Commenting on the review of pensions to be launched today (Monday), led by David Blake of the Cass Business School, TUC General Secretary Frances O’Grady said: “The review provides an important opportunity to gather robust evidence that will help us understand how the government’s hasty and ill thought-out pension reforms...
24 November 2014
Commenting today (Monday) on the advice of the Pension Regulator, Financial Services Authority and HMRC to steer clear of early release pension offers, TUC General Secretary Brendan Barber said:
27 February 2012

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