Retirement

Regulatory enforcement is not just about increasing the size and frequency of fines, but about the industry forcing better behaviours by shunning wrongdoers, Financial Conduct Authority (FCA) enforcement director Tracey McDermott has said.

A financial planning tools provider has written to the Financial Conduct Authority (FCA) requesting it look into the appropriateness of stochastic models currently used by advisers amid concerns over their quality.

Aegon is overhauling its funds for workplace pensions to offer equity-heavy multi-asset plans, in a move away from the industry standard of switching those nearing retirement into ‘safe-haven' cash and gilts.

Can it be funded by pension savings?

Discretionary fund manager (DFM) Barnett Waddingham Investments, formerly part of the Barnett Waddingham group, has de-authorised seven months after being taken over by rival DFM Whitefoord, regulatory records show.

RP Poll: Should consumers share the cost of guidance?

Legal & General (L&G) is splitting its savings business in two and restructuring other parts of its L&G Assurance Society (LGAS) division ahead of the departure of the arm's chief executive John Pollock next May.

Catch up: Five retirement stories you might have missed

Consumers should pay a share of the cost of the guidance guarantee, or they will fail to value the service, an adviser has argued.

The Financial Conduct Authority (FCA) is to look into the non-advised sale of income drawdown products amid concerns consumers could be left vulnerable in the new pensions environment.