FCA pressed for details of pension transfers probe, Pensionbee set to create stockmarket buzz and Standard Life Aberdeen's 'reboot' - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
FCA pressed for details on pension transfer probes In the Financial Times this weekend, it seems the regulator is under pressure to disclose more information abuts its investigation into the pension transfer market after it was revealed it has opened fewer than 70 mis-selling cases in three years. A Freedom of Information request from the paper revealed the FCA had opened formal investigations into 29 firms and 38 individuals since 2018. The FT's Jo Cumbo writes that some 170,000 transfers took place between April 2015 and September 2018. Financial Inclusion Centre co-director and f...
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