More than half of retirement pots accessed under pension freedom rules have been fully withdrawn, the Financial Conduct Authority confirmed in its interim retirement outcomes review.
Published on 12 July, the report said 53% of pension pots accessed by consumers since the rules came into force in April 2015 were fully encashed, however 90% of those were below the value of £30,000....
Haysmacintyre and audit engagement partner David Cox have been fined by the Financial Reporting Council (FRC) for a series of audit failures at Associated British Engineering.
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...
Two pension scheme trustees face court over allegedly making prohibited employer loans from a company pension scheme to its employer.
Contract-based pension providers could be required to nudge savers to book Pension Wise appointments before accessing their savings.
Chair’s statements are failing to achieve the multiple policy goals they were designed for, the Department for Work and Pensions (DWP) has conceded.