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3000 financial firms to be quizzed over pension transfer risks
The Financial Conduct Authority, which both sets and enforces the rules for companies working in the financial services sector, is […]
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FSCS may have to levy another £69m to pay for pension mis-selling compensation
The Financial Services Compensation Scheme is forecasting an extra £69 million levy to pay for pension mis-selling compensation, as claims […]
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Number of pension transfers shoot-up 587% in just 2 years despite warnings
Have you moved a defined benefit pension? Final salary pensions are some of the most rare and valuable pensions around, […]
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1,400 claims against Beaufort Securities land with FSCS
The Financial Services Compensation Scheme, which acts as a lifeboat to pay claims when firms cannot, has received over 1,400 […]
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FCA demands information from DB pension transfer advisers
The FCA has written out to financial advisers who have permissions to conduct final salary pension transfers to demand information […]
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MPs to meet with steelworkers as pension mis-selling saga rumbles on
Westminster will play host to steelworkers caught up in the mis-sold British steel pension transfer scandal, in an effort to […]
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SIPP administrators told to stop allowing “cr*p” investments in their pensions
Speaking at an event, solicitor Philippa Hann told SIPP providers that it was time to “take responsibility” as SIPP pensions […]
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Financial Ombudsman receives 1,000 complaints against SIPP providers
For some time now, many people have wished to make claims against their SIPP provider because of supposed due diligence […]
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SIPP administration firms under FCA scrutiny over insolvency plans
SIPP administrators are being quizzed by the watchdogs and rule-makers at the Financial Conduct Authority (FCA) over the plans they […]
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FSCS compensation offers for British Steel pension transfers described as ‘derisory’
The compensation on offer from the Financial Services Compensation Scheme for those mis-sold their final salary pension transfers away from […]