FCA

Pension transfers have passed the £60bn mark as more than a third of a million people access their defined benefit (DB) pots, a Freedom of Information (FOI) request has revealed.

The Financial Conduct Authority (FCA) has fined Standard Life Assurance (SLA) nearly £31m after its practices led to conflicts of interest and SLA employees putting their financial needs above those of the firm's customers.

The deficit in the Financial Conduct Authority's (FCA) defined benefit (DB) scheme fell by £32.3m over the course of the year to 31 March this year, the watchdog has revealed.

Pension fund investors could face further disclosure requirements on ESG matters as an industry working group considers fresh law for trustees for as soon as next year.

Boris Johnson would be detrimental to pensions if he becomes prime minister later this month, a majority of Buzz respondents said.

Rory Murphy says pension funds must do more to embrace and reflect the diversity among their membership.

This week's top stories included the Financial Conduct Authority announcing it would carry out further investigations on defined benefit transfers.

The FCA will carry out further work on defined benefit (DB) transfers after it revealed "concerning and disappointing" findings from its marketwide data gathering exercise.

Trustee boards are not focusing enough on data issues despite the bad effect poor data can have on members, according to a PMI roundtable in May. Holly Roach reports

Financial advice firms that did not respond to the Financial Conduct Authority's (FCA) market-wide defined benefit (DB) transfer questionnaire could see their regulatory permissions revoked.