Financial Conduct Authority

Chancellor George Osborne is in danger of emulating Robert Maxwell "as a destroyer of pension savings" with plans for a retirement 'guidance guarantee', Tom McPhail has warned.

The Financial Conduct Authority (FCA) has made it a priority to help advisers innovate their business models to reach the middle market, chief executive Martin Wheatley said on Thursday.

A collective investment vehicle (CIV) for London's Local Government Pension Scheme (LGPS) funds will go live in the next 12 months, according to London Council's Hugh Grover.

The pensions industry will have a single regulator by 2017, according to the outgoing president of the Society of Pension Consultants (SPC).

The Investment Management Association (IMA) has called on members to "abandon" the use of annual management charges (AMCs) on any literature following the Financial Conduct Authority's guidance on fund fees.

The Treasury Committee has welcomed "transformational" changes to defined contribution (DC) retirement income announced in this year's Budget.

The Financial Conduct Authority (FCA) has fined Invesco Perpetual £18.6m for exposing investors to more risk than they had been led to expect in funds including Neil Woodford's giant income portfolios.

The Financial Conduct Authority (FCA) has raised concern over the potential risk to savers who access their full pension pots at retirement following changes announced in the Budget 2014.

The Financial Conduct Authority (FCA) is to investigate about 30 million insurance company policies over concerns that customers are subject to "unfair" conditions.

The Investment Management Association (IMA) will complete work to improve charge disclosure and introduce an effective statement of principles by the end of the year, says the organisation's chief executive.