The Financial Conduct Authority (FCA) has revealed it is considering whether to implement a ban on contingent charging for pension transfer advice.
In its consultation paper on ‘Improving the quality of pension transfer advice', the FCA said: "Given the potential harm to consumers, we are considering if it is necessary to intervene in the way charges...
This week's top stories included an article on how the government will have to justify proposed changes to the state pension age after a Prospect petition secured over 12,000 signatures.
Smart Pension failed to report the fact it had not collected or invested nearly £900,000 of pension contributions on behalf of its members, an investigation by The Pensions Regulator (TPR) has found.
The Pension Scams Industry Group (PSIG) has updated its voluntary code of practice in a bid to help prevent members falling victim to evolving pension scams.
The government has rejected the Work and Pensions Committee proposal to introduce a 'default decumulation pathway' at retirement.