Covid-19 Business Watch
WATCH: Benefit projections rankle retirement industry
Michael Avery talks to a panel of experts within the retirement planning industry about what’s on the table now
11 August 2020 - 15:07
Amid all the noise around Covid-19, an important development is brewing in the pensions industry (https://youtu.be/N__UjU9tKZo). On June 8, the Financial Sector Conduct Authority (FSCA) published the draft Conduct Standard and supporting documents for public comment.
It is to do with how benefit projections are communicated to members of pension funds. And for some it has raised the spectre of a situation in the 80s when there was what was called the Benefits Illustration Agreement. ..
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