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UK pension scheme surpluses climb £26bn in 12 months
The aggregate surplus of UK pension schemes against long-term funding targets remained extremely positive at £189bn at the end of June, up £26bn compared to the end of June 2024.
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Professional complaints fuel 50% jump in FOS cases
Complaints to the Financial Ombudsman soared by over 50% during the past year to top 305,000 - driven in large part by claims from professional representatives, including claims management companies.
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Advice guidance boundary review cost set to top £5.6m
The Financial Conduct Authority is expecting to have spent over £5.5m on its advice guidance boundary review by April 2026.
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FSCS says SIPPs complaints 'main driver' of workload
The Financial Services Compensation Scheme says that a surge in complaints about SIPPs over the past year was one of the "main drivers" of a growth in complaints, according to its annual report.
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FCA sets out plans to allow firms to offer ‘targeted support’
The FCA has today published its proposals on ‘targeted support’ which would allow firms to make financial guidance suggestions to groups of consumers with 'common characteristics'.
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