Hundreds of members of the Public and Commercial Services (PCS) union have settled their long-running pay dispute with The Pensions Regulator, with some staff receiving increases of 7.55% and average pay rises of 5%.

Regulators have stepped in to clarify pensions marketing communication after confusion caused by the new Consumer Duty rules and how they affect existing regulations.

Pension schemes have been fined more than £33,000 by The Pensions Regulator (TPR) after failing a detailed value for members (dVFM) assessment.