FOS ruled Berkeley Burke failed to carry out adequate due diligence on Ucis investment.
Savers to be moved into cash ten years before retirement date.
The regulator says it knows of one individual who took his own life after losing his pension to fraudsters.
Cost of delivering Chancellor George Osborne’s guidance guarantee could spiral as savers access the service as many times as they like.
Fidelity has launched a UK retirement service for advisers and direct customers in the wake of the Budget reforms.
The latest deal follows the recent acquisitions of Oval and employee communications firm Shilling.
Treasury economic secretary Andrea Leadsom says “poor imitations” will not be welcome.
Pensions minister Steve Webb confirms annual payment increase of deferred state pensions cut to 5.8 per cent.
The Financial Ombudsman Service has reported a 46 per cent drop in year-on-year complaints between April and June.
TSC chair Andrew Tyrie has written to the Chancellor over concerns about MAS’s role in guidance guarantee.
It is “inappropriate” for advisers to pay for the Budget guidance service, says Apfa
FCA reveals there will be no limit to how many times savers can use the service in retirement.
FCA proposes advisers paying largest proportion of guidance levy.
Government sets out proposals to amend tax legislation in bid to encourage a wave of product innovation.
Government says it will consult on allowing DB scheme members access to funds without need to transfer to DC scheme.
Regulator urges Sipp operators to take action in ‘Dear CEO’ letter.
Employers will have to fund advice for transfers within same scheme and ETV exercises.
Advice firms will be told to provide redress after review identified poor practice.
Guidance guarantee will not be delivered by insurers.
Govt set to address concerns over tax-free cash “recycling”.
HMRC guidance gives those taking lump sum before next April extra time to assess options.
Government says it aims to “detect, disrupt and deter promoters of pension liberation schemes”.
Work and Pensions select committee chair Anne Begg says pension freedom agenda undermines consensus.
In 2011 only a third of self-employed workers had a pension.
Individuals at Sipp providers in process of being referred to enforcement following thematic review.
Enhanced annuity provider to exit market from 25 July.
The Pensions Regulator conducted 785 investigations into auto-enrolment non-compliance between April 2013 and March this year, using its formal powers on 18 occasions.
Work and Pensions select committee chair Dame Anne Begg says politicians must not confuse guidance and advice.
SNP finance and treasury spokesman Stewart Hosie and Labour shadow pensions minister Gregg McClymont put forward competing arguments for and against a Yes vote.
Small firms could be hit with bills totalling tens of thousands of pounds.
Hargreaves Lansdown analysis of non-advised sales review indicates re-definition of advice.
Provider will levy employer fee on some schemes priced above 0.75 per cent charge cap.
Andy Curran replaces John Van Der Wielen, who is set to become executive chairman of Friends Life International, Money Marketing can reveal.
DWP says it is conscious of risk posed by opportunistic liberators.
Government-run database shunned in favour of private-sector IT vendors.
Government-backed pension scheme Nest has recovered just £300,000 of the £1.4m lost in a mandate fraud last year.
Deal will see Talbot and Muir add around 200 SSASs to its current portfolio of over 500 plans.
Skandia says end of ‘buddy’ system for one group suggests Government will broaden move.
Several providers are tight-lipped on how they will implement the Government’s 0.75 per cent charge cap.
Government-backed retirement fund to include EM mandates in default option.