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...
M&G Prudential has announced plans to terminate its contract with Capita for the administration of its UK life and assurance business.
The Fraud Compensation Fund (FCF) levy will unfairly hit auto-enrolment (AE) savers under government proposals, The People's Pension has warned.
Up £2,000 from final 2016 figure
While acknowledging the 24/7 nature of trustee responsibility, Alan Pickering argues that formal trustee meetings are as important as ever