Regulation

Effects on small firms scrutinised

The former chief executive of adviser network Financial, Charlie Palmer, is appealing a decision by the Financial Conduct Authority (FCA) to ban and fine him £86,000 for failing to ensure his advisers gave suitable advice.

The Treasury wants to make advice mandatory for sales of annuities on the secondary market, it has said in a statement today.

Providers will need to make strong case to keep variety of charges

A report has called for a new category of advice for the mass market to help later life consumers "put their savings to use" and help drive economic growth.

Consultation closes on 22 December

Budget could include pension tax reform

Many workers moved to career average accrual this year

State pension optimism could be undermined by economic woes

Improperly delegating regulated activities to others can have 'serious implications', regulator warns