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PwC and EY fined millions over LCF audit failings
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The Financial Reporting Council, the regulator of auditors, accountants and actuaries, has imposed major fines and sanctions on three audit firms over their failings over the collapse of £237m mini-bond firm London Capital & Finance (LCF) plc.
Read more: PwC and EY fined millions over LCF audit failings
Dashboards should add guidance say professionals
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Pensions Dashboards, the government's overdue scheme to provide consumers with an all-in-one location for pensions plans, should be expanded to include guidance to help consumers with their decision making, according to the Society of Pension Professionals (SPP).
Punter Southall unveils 'guidance-based' pension app
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Pensions firm Punter Southall has launched Pension Potential, an app-based digital retirement planning tool for businesses and employees, as well as pension schemes and their members.
Read more: Punter Southall unveils 'guidance-based' pension app
30% rise likely in families with 2 retired generations
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More than one million families are expected to contain more than one retired generation by 2034 – a 32% increase on the 813,000 multi-retiree families seen currently, according to a new study.
Read more: 30% rise likely in families with 2 retired generations
Pension and decumulation complaints up at FOS
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The Financial Ombudsman Service received a total of 95,349 complaints between 1 July and 31 December 2023 compared to 79,921 complaints in the same period in 2022.