CMA reveals scope of investment consultancy probe
The Competition and Markets Authority has (CMA) set out the coverage of its "thorough and independent" investigation of investment consultants and fiduciary managers, and what action it could decide to take.
It comes after the Financial Conduct Authority's (FCA) final decision last week to refer the industry to the CMA for an in-depth market probe following concerns over competition and conflicts of interest....
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FRC issues £65k penalty and 'severe reprimand' against Richard Jones over GPG/Coats advice
The Financial Reporting Council (FRC) has imposed a severe reprimand and a financial penalty against Richard Jones in respect of misconduct relating to the actuarial advisory services he provided to Coats Group, the business formerly known as Guinness...
Trustees face court over prohibited employer loans
Two pension scheme trustees face court over allegedly making prohibited employer loans from a company pension scheme to its employer.
FCA proposes Pension Wise nudge for DC savers
Contract-based pension providers could be required to nudge savers to book Pension Wise appointments before accessing their savings.
Chair's statements do not entirely work, admits DWP; Mandatory fines may be relaxed
Chair’s statements are failing to achieve the multiple policy goals they were designed for, the Department for Work and Pensions (DWP) has conceded.
'We can be a green finance powerhouse': MPs urge Treasury to beef up climate plans
A Treasury Select Committee report on net-zero transitions and the future of green finance has called on the government to consider climate labelling for financial products and ramp up efforts to tackle greenwashing.
