Savers took out £800m worth in payments from income drawdown policies in 170,000 withdrawals in the first two months after the pension reforms kicked in.
The FCA fined firms and individuals over £1bn for market integrity breaches last year, new analysis shows.
An IFP corporate member has estimated that 8 out of 10 requests it receives for overseas pension transfers are scams to defraud savers out of their pension.
Inflation has fallen flat again, dropping to 0% after a slight rise the previous month.
Tax facts are to be taught at secondary school through a series of new animated films produced by HM Revenue and Customs.
A pensions firm says the Government must seize the “once in a generation opportunity” to scrap pension tax relief and simplify the system.
Two Certified Financial Planners are wanted to join the global Financial Planning Standards Board but time is running out for those wishing to take up a board position.
Standard Life has revealed details of its new Financial Planning business this morning.
Many bosses of smaller businesses will have to think again about how they pay themselves following the dividend tax credit changes, the owner of an Accredited Financial Planning firm says.
The FCA says it is making decisions on whether to refer a firm or individual to its enforcement division for a formal investigation more ‘transparent’.