Sharon Constançon CDir MBA FCG

A good summary of the risks associated with inadequate record keeping/processes for Trustees. To reduce the risk to you personally of having to repay misplaced distributions, come to us at Greenlion to act as independent trustees to as its our business to get it right.

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GUIDANCE ON DIVERSION RISK FOR NPOs READY FOR JFSC EXAMINATIONS The Jersey Financial Services Commission has published a short video on questions received following their feedback paper on the NPO themed examinations last year. As well as providing some information on the definitions of NPOs and Prescribed NPOs, the examination process and the details of information to be recorded re Significant Donors, Aimée McEnery and Kate Rogers noted that the JFSC will shortly be contacting those NPOs selected for this year's examinations on the theme of diversion risk. Cyan has published an article which explains relevant regulatory provisions and how NPOs can mitigate diversion risk - this should hopefully assist selected NPOs to prepare for the examinations. #NPOs #financialservices #JerseyCI

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The development of a new advice document presents a “blank canvas” for advisers to create a suitable document replacing statements of advice, says Adviser Ratings. https://lnkd.in/ecjir-bE

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Money Management Australia highlights the key industry shift on every adviser's mind—rethinking how advice is delivered as SOAs evolve. 🎨📊 The research behind our recent article helped spark these discussions. If you missed it, catch up here: https://lnkd.in/gQryviTz Let’s keep the conversation going! #AdviceMatters #InnovationInAdvice #AdviserRatings

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Press Release: Addressing Technology Debt in Pensions Administration Trafalgar House urges Trustees to challenge their administrators on strategies for combating technology debt to ensure the future security of members. Garry Wake, Managing Director, highlights the severe repercussions of ignoring technology debt in pensions administration, such as outdated systems leading to increased cyber risks and operational inefficiencies. He emphasises that managing technology debt is a strategic imperative for long-term growth and security. "Trustees must ensure their providers have robust technology strategies to withstand vulnerabilities, respond to regulatory changes swiftly, and leverage new technologies as they emerge." Read the full press release to learn more about this crucial issue: https://lnkd.in/eMCqZUBX #Pensions #PensionScheme #Trustee #PensionFunds #FinancialServices #PensionsUK #FinalSalary #DBPension #DCPension #ProfessionalTrustee #PensionTrustee

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Press Release: Addressing Technology Debt in Pensions Administration Trafalgar House urges Trustees to challenge their administrators on strategies for combating technology debt to ensure the future security of members. Garry Wake, Managing Director, highlights the severe repercussions of ignoring technology debt in pensions administration, such as outdated systems leading to increased cyber risks and operational inefficiencies. He emphasises that managing technology debt is a strategic imperative for long-term growth and security. "Trustees must ensure their providers have robust technology strategies to withstand vulnerabilities, respond to regulatory changes swiftly, and leverage new technologies as they emerge." Read the full press release to learn more about this crucial issue: https://lnkd.in/eMCqZUBX #Pensions #PensionScheme #Trustee #PensionFunds #FinancialServices #PensionsUK #FinalSalary #DBPension #DCPension #ProfessionalTrustee #PensionTrustee

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Press Release: Addressing Technology Debt in Pensions Administration Trafalgar House urges Trustees to challenge their administrators on strategies for combating technology debt to ensure the future security of members. Garry Wake, Managing Director, highlights the severe repercussions of ignoring technology debt in pensions administration, such as outdated systems leading to increased cyber risks and operational inefficiencies. He emphasises that managing technology debt is a strategic imperative for long-term growth and security. "Trustees must ensure their providers have robust technology strategies to withstand vulnerabilities, respond to regulatory changes swiftly, and leverage new technologies as they emerge." Read the full press release to learn more about this crucial issue: https://lnkd.in/eMCqZUBX #Pensions #PensionScheme #Trustee #PensionFunds #FinancialServices #PensionsUK #FinalSalary #DBPension #DCPension #ProfessionalTrustee #PensionTrustee

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We are calling on trustees of workplace defined contribution pension schemes and the wider pensions industry to help shape the introduction of a new value for money (VFM) framework. We, the Financial Conduct Authority (FCA) and the Department for Work and Pensions (DWP) are working in partnership to develop a framework to improve the value schemes deliver for savers and enabling comparisons to be made across the defined contribution pension landscape including contract-based and trust-based schemes. The FCA has now launched its consultation for contract-based schemes ahead of the DWP introducing equivalent legislation for trust-based schemes in an upcoming Pension Schemes Bill. Nausicaa Delfas, TPR Chief Executive, said: “We want every pension saver to get value for money from their pensions. That means good investment returns, and high quality services, for a competitive price. This is a great opportunity for the pensions industry to help to transform pension saving for millions, and to deliver greater value for their retirement.” https://lnkd.in/eER7eT72

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Mantle Services has recently been featured in Professional Pensions. Mantle's Graeme Riddoch discusses Pensions Dashboards readiness and the key areas Trustees need to get to grips with. 💡 Areas covered include: ✨ Developing an overarching plan ✨The role of data ✨Estimated retirement incomes (ERI) ✨Connecting to the dashboards infrastructure Read the article below: ⬇ https://incm.pub/4665QGI #pensionsdashboards #pensions #pensionscheme

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How to Set Up a Trust Fund in the UK? What are the Benefits of Setting Up a Trust Fund? Learn more at https://lnkd.in/dKCXhfRr

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Earlier today the Financial Conduct Authority published their 100+ page policy statement on the regulatory framework for pensions dashboard service firms. Pensions dashboards will allow consumers to find their pensions and view basic information about them in one secure place. Earlier this year, the Government changed the law to bring the new activity of operating a pensions dashboard within the FCA’s regulatory remit, meaning that a firm wishing to operate a dashboard must be or become FCA authorised, get their permission to undertake the new regulated activity and meet their requirements. The policy statement published today summarises feedback to a previous consultation on the subject as well as the FCA's response to that feedback. Policy statement: https://lnkd.in/eSB2VXpx #pension #pensions #dashboards #retirement #SPP #regulation #pensiondashboards

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It's that time of the week again, our new article is LIVE! Look at how retirees are managing their pensions... Read it here: https://lnkd.in/eSQ3mUrb

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“Having an independent view means the objectives are actually reviewed, set, and assessed for the trustees, by the trustees, with the help of an independent organisation like IC Select.” @PeterDorward This independence ensures trustees have the necessary tools to make informed decisions, thereby reducing the risk of merely rubber-stamping advisor recommendations. #oversight #investmentobjectives #pensions #advisers

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Read about Institute of Directors (IoD) press release: Conditions justified an early interest rate cut. Get more of the latest business news articles from the Institute of Directors📄👇 #pressrelease #executivenews #interestrates

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What is the Drawdown's Biggest Risk? Learn more about return sequencing risk or forced selling in Professional Paraplanner latest article. #DualAccountDrawdown #pensions #financialplanning #pensionadvice

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📈 There's been an influx of downloads for our '9-Step CRP Guide' since its release. This free resource, developed in response to the FCA’s Retirement Income Advice thematic review, is designed to help financial advice firms build or benchmark their Central Retirement Propositions (CRPs). It helps you:  - Build your firm’s own CRP with a practical step-by-step approach  - Ensure regulatory compliance - Deliver good outcomes by going beyond basic requirements If you haven't downloaded your copy yet, you can access it on our site via the following link: https://lnkd.in/eq9P-kfk Whether you're building a new CRP or benchmarking an existing one, this guide offers valuable insights for firms of all sizes. #financialadvisers #retirementincome #CRP

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