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ARTICLE · 16 AUGUST 2018

The Pensions Brief - July 2018

Mayer Brown
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The Pensions Ombudsman has circulated generic "signposting" wording for schemes to use to inform members of their right to refer complaints about the administration of the scheme to the Ombudsman

United KingdomEmployment and HR
Ian Wright
Ian Wright
Katherine Carter
Katherine Carter
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Issues affecting all schemes

Pensions Ombudsman – updated "signposting" wording

The Pensions Ombudsman has circulated generic "signposting" wording for schemes to use to inform members of their right to refer complaints about the administration of the scheme to the Ombudsman. The wording has been circulated in light of, and to reflect, the transfer of the Pensions Advisory Service's dispute resolution function to the Ombudsman.

Action

Trustees should ensure that any future communications to members which are required to include Ombudsman signposting language use the updated wording.

Investment consultancy and fiduciary management – provisional CMA decision

The Competition and Markets Authority ("CMA") has published the provisional decision report in its investigation into the investment consultancy and fiduciary management markets. The CMA has identified competition problems in both markets, but considers that these problems exist to a

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