The Pensions Regulator (TPR) has levied almost £100,000 in penalties against small DC pension schemes for governance failures related to the 'value for members' assessment.

The FCA has decided to hold off introducing new rules on sustainability-related governance and the transition to net zero for regulated firms following a consultation with the industry.

Nikhil Rathi, chief executive of the FCA, said the regulator was considering how retail markets can take a more holistic approach to Britons’ finances.

The FCA is seeking a £22,500 a year chair for its Smaller Business Panel which often advises the regulator on issues affecting financial advice firms.

A coalition of consumer groups has sent an open letter to MPs and the FCA urging the regulator to abandon its plans to delete most emails automatically after a year.

The FCA has clarified that defence companies should not be treated differently to firms in other sectors when it comes to its sustainability regulations.

The Personal Finance Society has produced a new good practice guide for the Consumer Duty, consolidating key resources for financial advisers.

Prime Minister Sir Keir Starmer has announced that the Payment Systems Regulator (PSR) - a sister organisation of the FCA and based in the same London offices - will be abolished as part of an efficiency drive.

The FCA has said it will not pay compensation to those who have lost money due to the failure of funeral plan provider Safe Hands in 2022.

The FCA has cancelled the part 4A regulatory permissions of Stratford-based firm Pan Risk Management Services Limited (FRN: 305302).