FCA

Savings made across the board

The number of pension pots accessed to take advantage of the April freedoms fell in the final quarter of 2015 according to the Financial Conduct Authority (FCA).

Jackie Wells has left the Pensions and Lifetime Savings Association (PLSA) after two years as head of policy and research PP has learned.

Early exit charges for members wanting to access their pot at age 55 will be capped at 5% according to Standard Life.

Former Financial Conduct Authority (FCA) long-term savings and pensions director Nick Poyntz-Wright has joined Just Retirement Ltd.

The number of transfers from defined benefit (DB) to defined contribution (DC) schemes has been lower than expected, according to the Financial Reporting Council (FRC).

The FCA and Treasury have produced a report to bridge the advice gap which is useful for trustees

Despite heightened awareness of index huggers, this cosy practice is still a big problem, finds PP.

The industry has endorsed a number of proposals in the Financial Advice Market Review (FAMR) report to boost accessibility to advice and guidance.

The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have given the go-ahead for Just Retirement and Partnership to merge.