The Pensions Regulator's (TPR's) position that advice is not essential when setting up auto-enrolment pensions leaves employees at risk of being enrolled into inappropriate schemes and the policy being seen as just another "mandatory tax", the Beaufort...

BARGAIN

The Financial Conduct Authority chief executive's statement that advisers should not charge their clients a percentage of assets "significantly overstepped commercial lines" according to one managing director and adviser.

It's our weekly round-up of the big movers and company updates across the financial services industry...

PERSONAL INJURY

Automatic enrolment (AE) into workplace pension schemes "takes away savers' choices, treats them like children and should be overhauled", according to a managing partner at True Potential.

The Consulting Consortium (TCC) has acquired compliance provider Swaines.

MOVERS & SHAKERS

Foster Denovo head of business development (south) Dave Elliott argues it is generating and keeping client trust that will be the real drivers towards profitability for advisory firms.

LV= has seen a drop in life and pensions sales of 14% for the first half 2013 compared to last year.