The industry is split on its response to the FCA’s ban announced today on most contingent charging on DB pension transfer advice.

Former Pensions Minister Steve Webb has urged the Treasury to scrap or relax rules which will limit people’s ability to ‘rebuild’ their pensions when the Coronavirus crisis ends.

Ministers should “not rush” to raise the age of pension access above its current level of 55, Steve Webb, former Pensions Minister and partner at pensions consultant LCP, has warned.

Former Pensions Minister Sir Steve Webb is to join pensions and investment consultancy Lane Clark & Peacock LLP as a partner.