Retirement

Retirement results in a "drastic decline" in physical and mental health, according to a study released today.

The Financial Conduct Authority (FCA) is stepping up efforts to ensure firms are meeting its client money rules, according to a consultant.

CBI

DODGY CALL

The Treasury has admitted destroying a disc which contained the details of 350,000 Equitable Life victims' names and addresses.

Equity Release Council chairman Nigel Waterson has urged government to address a ‘knowledge and policy' vacuum and take control of equity release.

Legal and General (L&G) is to introduce a "trustee-style" governance committee for its contract-based pension schemes.

The pensions minister has described consultancy charging as "a classic example of how the industry allowed itself to get bad headlines."

Suffolk Life has confirmed product and operations director Will Self will become managing director of the firm.

The Financial Conduct Authority (FCA) has issued a rallying call to advisers and the wider industry to help it regulate, saying it "can't do it alone".