Regulation

Pension savers affected by the lifetime allowance reduction - set to come into force from April next year - should start taking action now to minimise the risk of breaching the limit, a wealth manager has said.

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

DODGY CALL

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".

MPs on the Work and Pensions Committee have welcomed the government's move to ban consultancy charging on auto-enrolment schemes.

Pension provider Scottish Widows has been told it cannot reclaim almost £100,000 it mistakenly paid to a divorcee three years ago.

The move to ban consultancy charging is "less dramatic than it sounds" as most of the charges that can end up with the employer's adviser remain unaffected, according to a consultant.

A City of London call centre at the heart of a pension liberation operation has been raided by police and several people have been arrested.

Representatives for the Treasury and The Pensions Regulator have cast doubts on the suitability of a single workplace pension scheme regulator.

The fight against pension liberation scams would be easier if The Pensions Regulator (TPR) had more power to act against offending firms, its chairman Michael O'Higgins has said.