Written by Pensions Age
The DWP has announced pension transfers will operate on a federated system rather than being centrally managed. The system, which will be facilitated by pension schemes rather than employers will initially operate on an opt-in basis before moving to an opt-out system later on. During phase one a limited number of schemes will take part so that the infrastructure can be tested.
In a sector with so much complexity, to what extent is RegTech solving the real compliance issues facing financial services?
Half of the companies in the first wave of the Financial Conduct Authority's advice unit have either launched a low-cost advice service or will be doing so imminently.
Over the last ten years it has become increasingly possible to turn bright technology ideas into smooth, working, scalable solutions, writes founding director of Altus, Kevin Okell.