FCA

A major review into consumer access to the financial advice market has been launched by HM Treasury and the Financial Conduct Authority (FCA).

Fraudsters have compiled a database of nearly 200,000 people - with an average age of 74 - on so-called "suckers lists".

Senior bankers found guilty of misconduct could face their bonuses being clawed back up to ten years after award following a major stiffening of rules by financial regulators.

The pensions industry is overpopulated with acronyms and many in the sector would be relieved if there were fewer of them. But IGC - the independent governance committee - are three letters that cannot be ignored.

The chief executive of the Financial Conduct Authority (FCA) Martin Wheatley is to step down in September, the regulator announced today, because the Treasury wanted a change of leadership, a source close to the FCA said.

Most people in the industry believe The Pensions Regulator (TPR) should bring its guidance to trustees on communicating retirement flexibilities into step with the Financial Conduct Authority (FCA).

The government has delayed plans to let pensioners cash in annuities until 2017.

The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have published final rules to improve individual accountability in the banking sector, following up laws on variable pay.

The Financial Conduct Authority has finalised how it will monitor the performance of The Pensions Advisory Service (TPAS) and Citizens Advice Bureau in delivering the guidance guarantee.

The biggest stories on PP this week were the merger of Towers Watson and the Willis Group, the Pension Scheme of the Year Awards and NEST revealing its retirement blueprint. Here are the top five.