The Financial Conduct Authority (FCA) is considering whether to force firms to provide clients with an annuity comparator tool after initial trials produced a dramatic increase of consumers shopping around for the best deals.
The regulator will consult later in the year on rules governing the use of the tool, which had pushed up shopping around level from 13% to 40% when tested on consumers in recent months. The FCA had...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.