FCA

One in eight people who received financial advice in the past 12 months claim to have been mis-sold an investment or pension product, according to a wide-ranging consumer survey by the Financial Conduct Authority (FCA).

Regulator does not want to 'incentivise short-termism'

Nearly half (47%) of advisers have seen an increase in clients disagreeing with defined benefit (DB) transfer recommendations, according to Momentum Pensions.

Rory Murphy, trustee chairman of the Merchant Navy Officers Pension Fund (MNOPF), says trustees must do more to share best practice in bid to improve outcomes.

The Lancashire County Pension Fund and the London Pensions Fund Authority have pooled £1.3bn of their existing credit investments into the Local Pension Partnership (LPP).

Chair of FCA cost disclosure working group

One-quarter 'unsuitable'

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.

The Competition and Markets Authority has (CMA) set out the coverage of its "thorough and independent" investigation of investment consultants and fiduciary managers, and what action it could decide to take.

From 3 January next year, firms looking after DC members' money will need to comply with new disclosure requirements. James Phillips reports.