The Financial Conduct Authority (FCA) has fined an individual compliance oversight officer £75,000 for "failing to exercise due skill, care and diligence" with regard to pension transfers in his role at two firms.
The regulator found David Watters had failed to "take reasonable steps" to make sure the advice process in place for Enhanced Transfer Value (ETV) pension transfer exercises was adequate and met regulatory...
A panel at this year's Trustee Senate discussed strains in the DB system and what can be done about them. Michael Klimes reports
The pension freedoms have had unintended consequences which should have been foreseen, Michael Johnson has said.
Respondents say there has been some success with automatic enrolment (AE) but members are still not saving enough.
This week's top stories include The Pensions Regulator barring three trusteeships, and the Competition and Markets Authority's investigation of investment consultants and fiduciary managers.