The Financial Reporting Council, the regulator of auditors, accountants and actuaries, has imposed major fines and sanctions on three audit firms over their failings over the collapse of £237m mini-bond firm London Capital & Finance (LCF) plc.

Proposed new rules on how pension pots should be projected to retirement could lead to ‘perverse and unrealistic’ results, according to consultancy firm LCP.

The Financial Reporting Council, the regulator of auditors, accountants and actuaries, has launched investigations into three audit firms over their audits of collapsed mini-bond firm London Capital & Finance plc (LCF).

The Financial Reporting Council has fined and banned a former finance director of RSM Tenon Group for five years after he admitted multiple counts of misconduct.