Four trustees of a master trust, who failed to promptly invest members’ savings for three years, affecting 9,081 members and contributions of £1.4 million, have been fined by The Pensions Regulator (TPR).
The FCA and The Pensions Regulator have today launched a joint regulatory strategy aimed at taking joint action to deliver better outcomes for pension consumers.
The FCA has today confirmed plans to extend access to the Financial Ombudsman Service to more small and medium-sized enterprises.
FCA chairman Charles Randell has warned that the regulator will resist any calls for excessive financial de-regulation as Brexit looms and memories of the last financial crisis in 2008 fade.
The FCA is set to take over regulation of claims management companies and estimated the cost to be in the region of £17m.
The FCA has opened a new consultation on crowdfunding on new rules for loan-based crowdfunding platforms after seeing “poor practice.”
The FCA has called for input from firms about their experiences with the requirements introduced in by the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation.
The FCA has today revealed new measures it will take to protect consumers and sets out when and how the organisation will take action.
For the first time pension scheme members will be given powers to hold their pension schemes to account over how social and environmental factors impact their investments.
Thirty-four complaints have been made against the liquidated advisory firm at the heart of the British Steel Pension Scheme story.
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