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The Financial Conduct Authority’s pension scheme has apologised after being hit with a £2,000 fine from The Pensions Regulator over governance shortcomings.

The Money and Pensions Service, the government-backed consumer financial guidance body, has appointed acting CEO Caroline Siarkiewicz as its permanent chief executive.

Platform and SIPP firm Transact has added a number of new or enhanced features as it prepares for a new round of price cuts.

The government-backed pension advisory Pension Wise says its users are more likely to use a financial adviser after taking guidance from the service.

Platform and SIPP operators AJ Bell and Transact have reported strong trading in the most recent quarter. Both recently floated on the stock exchange.

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