FSA

Retirement Planner's round-up of the top pensions stories this week.

Less than 2% of Arch Cru investors have so far taken a complaint about the advice they received to the Financial Ombudsman Service (FOS), it has been revealed.

The Financial Services Authority (FSA) has fined Christchurch Investment Management, a small firm specialising in financial planning and portfolio management, £26,600 and its compliance officer £11,550 for failings in relation to the protection of client...

The Financial Services Authority (FSA) has confirmed that the 30-month rule applies to most Retail Distribution Review (RDR) activities.

The Financial Services Authority (FSA) said it will be on the look-out for firms opting to close down their businesses to avoid paying into a redress scheme for Arch Cru investors.

A fraudster has been jailed for four and a half years for laundering funds in a £27.5m boiler room scheme.

ARCH CRU

Advisers may be faced with an extra £33m in Financial Services Compensation Scheme (FSCS) levies as a result of firm failures caused by a proposed £100m FSA Arch Cru redress scheme.

The Financial Services Authority (FSA) has launched a three-month consultation on establishing a £100m consumer redress scheme for Arch Cru investors, saying it already has evidence of "widespread mis-selling".

Final rules from the Financial Services Authority (FSA) on pension transfers mean it will be tougher for advisers to recommend moving cash from defined benefit (DB) to personal pensions.