News

The Financial Services Compensation Scheme (FSCS) has declared a further 14 advisory businesses in default.

Members of parliament are set to receive a pay rise of more than £6,000 from 2015, though other allowances will be scaled back, the MPs expenses watchdog is set to recommend on Thursday.

The government has rejected amendments to the Care Bill that would require councils to refer people with long-term care needs to regulated independent financial advisers.

The Financial Services Authority handed out fines totalling more than £400m in the last year before it was overhauled, a huge jump from previous years amid mammoth fines for banks over LIBOR failings.

The head of the Financial Conduct Authority (FCA) has revealed details of its thematic review into the £902bn unit-linked funds sector -and said the regulator is also looking into the annuity market.

Regulatory reform costs of the former regulator, the Financial Services Authority (FSA) more than doubled in the last year of its operation and could in future be levied on firms, the FSA annual report has revealed today.

Staff costs at the regulator were £15.4m higher than budgeted for following its decision to make a one-off contribution of £22m to reduce its defined benefit pension scheme deficit.

In this week's quick fire poll we ask: Is the removal of NEST restrictions a good thing?

Axa Wealth will introduce an automatic re-registration system on the Elevate platform later this month.

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