News

Platform giant Skandia's sales force is understood to be facing a significant reduction in numbers after the group - now known as Old Mutual Wealth - revealed there would be 200 jobs lost across the business.

The Financial Planning Standards Board (FPSB) has been approved as an affiliate member of the International Organisation of Securities Commissions (IOSCO), the standard setter for global securities markets.

Pensions minister Steve Webb has given an impassioned defence of the government's preferred pot follows member approach to eradicating small pots.

New standards of advice are needed to help scheme members navigate the increasingly complicated retirement income market.

An inexperienced director who fabricated elements of her CV has been blocked from buying Financial Services Authority (FSA) authorised firm Think Finance.

The Financial Conduct Authority (FCA) must provide the industry with examples of good practice, something that has been "missing" from regulatory correspondence to date, according to the Chartered Insurance Institute (CII).

The Financial Services Authority (FSA) has imposed a fine of £17,850 on Graeham Sampson, the former finance director of Montpelier Pension Administration Services Limited (MPAS).

The Company SSAS is the latest small self-administered pension provider to enter the market.

Bank of Scotland has been fined £4.2m by the Financial Services Authority (FSA) for failing to keep accurate mortgage records.

Cofunds is planning to target life companies failing to attain traction in the platform market.