Regulation

Providers will not have to apply the ‘second line of defence' risk warning procedure to pension pots worth £10,000 or under, the Financial Conduct Authority (FCA) has said.

The Financial Conduct Authority (FCA) has revamped its at-retirement rules as a result of pensions freedom and choice reforms which opened up the retirement income market.

The Financial Conduct Authority (FCA) has fined independent advice firm John Joseph Financial Services (JJFS) £20,000 for failings relating to the sale of Keydata products.

The government is keen to explore opportunities in the fintech sector such as automated advice, as it recognises technological development will be good for both consumers and firms, economic secretary Harriett Baldwin told the Financial Conduct Authority...