Pensions broker Daniel Stewart & Company plc has been declared in default by the Financial Services Compensation Scheme (FSCS), opening the door for investors to claim compensation.

The FCA is introducing tougher new rules to tackle “misleading adverts” that encourage consumers to invest in high-risk products without understanding the risks.

Troubled SIPP firm Hartley Pensions Limited went into administration today (29 July) after suffering a string of problems over the last few months.

The FCA has launched a new section on its website to give regulated firms regularly updated guidance on helping clients hit by the cost of living crisis.

At 7am this morning the Financial Conduct Authority published its long-awaited policy statement and final guidance for its new Consumer Duty requirements.

Four in ten decumulation products bought in 2021 were purchased without professional advice, according to product sales data from the Financial Conduct Authority.

The FCA has intervened at troubled SIPP provider Hartley Pensions Limited to stop the firm accepting new pension contributions.

The FSCS has joined forces with the FCA and Financial Ombudsman Service to investigate a Telford-based pension transfer adviser with links to a Portuguese expat specialist company.

SIPP sales rose by a surprise 15% last year from 740,418 plans set up in 2020 to 851,963 in 2021, according to the latest retail investment data from the FCA.

The Personal Financial Society (PFS) has asked the Financial Conduct Authority (FCA) to reconsider its plans for assessing the amount of compensation owed to British Steel pension scheme (BSPS) members.