MPs and members of the House of Lords have this week published a critical report on the Financial Conduct Authority (FCA), branding the regulator ‘incompetent.’

The FCA has published new rules firms must follow when designing and operating commercial Pensions Dashboards.

The FCA has warned SIPP operators over lack of progress over concerns that their actions could lead to “harm to individual consumers.”

The Financial Conduct Authority has banned Steven Hodgson and Paul Adams of Stockton-on-Tees-based Vintage Investment Services from advising customers on pension transfers and opt-outs.

The Financial Conduct Authority is ‘up for’ taking on greater risk and its more ‘radical’ reforms are ready ‘for take-off’ according to chief executive Nikhil Rathi.

The latest FCA retirement income data for 2023/24 has revealed a 20% rise in the number of pension plans accessed for the first time between April 2023 and March 2024.

The Financial Conduct Authority is changing its enforcement approach as it aims to act faster and with more transparency.

Some investment and SIPP providers have been retaining interest earned on cash-holdings to subsidise loss-making platforms, according to an FCA study published today.

The FCA has called on advisers and providers to think beyond email messages to boost pension engagement with consumers.

The FCA has banned four financial advisers, three provisionally, over “reckless” pension transfer advice which has so far cost £13.4m in compensation payments.