Businesses have been warned they could face “criminal consequences” if they carry out activities covered by MiFiD II but fail to obtain the necessary permissions.

An FCA probe into DB pension transfer advice may involve 50-100 firms.

The FCA’s expectations on DB transfers need to be clarified to avoid the risk of the market failing, a veteran pensions expert says.

The ombudsman has ruled against an advisory firm over a Sipp transfer for which the introducer was unregulated, despite “limited evidence” it was providing advice.

The FCA has stripped three firms of their regulatory permissions due to unpaid levies and fees.

Advisers will be asked to tell clients that the annuity they are being recommended may not produce the best annual income if the firm lacks details of all market rates.

The FCA has secured eight confiscation orders totalling almost £2.2 million related to an unauthorised collective investment scheme.

The FCA says there is a ‘high level’ of ‘unacceptable’ practice with advice firms’ initial disclosure, including costs and services.

A new online resource has been launched to help advisers through the ‘minefield’ of due diligence on platforms.

The Pensions Regulator has begun a name and shame operation to show which companies are failing to comply with auto-enrolment.