Financial Conduct Authority

Half of advisers refuse to implement pension transfers out of defined benefit (DB) schemes amid worries the regulator would hold them to account further down the line, according to research.

The FCA banned the sale of traded life policy investments to mass market retail investors - claiming they are ‘toxic' products that pose significant risks to investors. A market in second hand annuities will pose similar risks.

Pension members are at risk of receiving "unscrupulous" advice on defined benefit (DB) to defined contribution (DC) transfers in light of incoming reforms, warn actuaries.

Increased consumer choice under pensions freedom coupled with greater potential fraud risk has increased the argument for a single pensions regulator, MPs have said.

Blackrock has launched a range of target date funds to coincide with the Budget freedoms.

Vulnerable people must be informed about how pension freedoms could cut off their access to means-tested benefits according to Baroness Hollis of Heigham.

Pensions minister Steve Webb has eased concerns the government could introduce regulations on decumulation products ahead of the general election.

The Treasury will make it a criminal offence for fraudsters to masquerade as Pension wise service providers after taking action against a suspected scam site.

The Financial Conduct Authority (FCA) has published the final rules on the Independent Governance Committees (IGCs) that must be set up by providers of contract-based schemes.

The government and regulators must define ‘good' retirement outcomes to help savers avoid fraud and poor results, the National Association of Pension Funds (NAPF) has urged.