Auto-enrolment savers are underfunding their pension pots due to a "false sense of security" that minimum contributions are good enough, Zurich's Alistair Wilson has warned.
The Financial Conduct Authority (FCA) has taken inspiration from an unusual source as it seeks to help advice firms communicate their services and charges clearly - a window sticker that has appeared on all new cars sold in the US since 2008.
Financial Conduct Authority (FCA) policy director David Geale has dismissed concerns some retirees have been priced out of advice - but said the challenge was matching those firms able to serve lower income clients with the relevant consumers.
The Financial Ombudsman Service (FOS) has thrown out a test case brought by an IFA who argued charges levied on Keydata investors following a change of custodian to their assets were "excessive" and "grossly unfair".
The Financial Ombudsman Service (FOS) has warned an increasing number of advised clients are reviewing their investments in unregulated collective investment schemes (UCIS) with a view to making a complaint.
Another person has been jailed for his role in running a "subtle and cruel" unauthorised collective investment scheme (UCIS) which lost investors a total of £4.3m.
The industry has welcomed the government's proposal to allow consumers to sell on their existing annuities but has clashed over whether advice should be mandatory for those wanting to sell.
The creation of a second-hand annuity market is guaranteed to happen, according to former pensions minister Steve Webb, who suggested the Treasury has already ‘banked' the cash it expects to receive from the policy.
Financial Conduct Authority (FCA) technical specialist Rory Percival has re-issued a call to financial advisers to offer up evidence of discrepancies between how the regulator and ombudsman view liability - and said he had even taken to looking at adjudications...
The Financial Conduct Authority (FCA) has highlighted shortcomings in the way some advisers have handled 'insistent' clients in the past, as examples of what today's advisers should steer clear of.