FCA under further pressure after letter before action

NEDs have received an open letter accusing them of failure to act

James Baxter-Derrington
clock • 1 min read
FCA under further pressure after letter before action

Non-executive directors (NED) at the Financial Conduct Authority (FCA) have found themselves under fire once again, with the board receiving an open letter accusing them of failure to act and the regulator itself now in receipt of a letter before action.

Transparency Task Force founder Andy Agathangelou has published the open letter calling for the NEDs and outgoing chair Charles Randell to "provide an explanation as to why [they] are failing to ac...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Industry may have 'glimmer of hope' to reduce gender and ethnicity pension gaps

Industry may have 'glimmer of hope' to reduce gender and ethnicity pension gaps

Research finds women from ethnic minorities likely to face ‘particularly acute’ disparity in pensions wealth

Martin Richmond
clock 28 January 2026 • 4 min read
VLK appointed as fiduciary manager for two Holcim Group schemes

VLK appointed as fiduciary manager for two Holcim Group schemes

VLK will deliver a bespoke FM service working with the trustees

Holly Roach
clock 28 January 2026 • 2 min read
Annuity rates rose to 7.51% by end of 2025, Standard Life finds

Annuity rates rose to 7.51% by end of 2025, Standard Life finds

Firm says the rise is worth an extra £7,000 to £9,000 in lifetime income for a 65-year-old

Holly Roach
clock 28 January 2026 • 2 min read
Trustpilot