SIPP providers will be required from June to “strongly nudge” pension savers to get government-funded pension guidance when they decide to access their pension savings, the FCA confirmed today.

The Financial Services Compensation Scheme reported today that it has so far received 1,018 claims from former members of the British Steel Pension Scheme (BSPS).

The FCA is planning to increase its minimum fee for firms from £1,151 to £2,200, it announced today.

Platform and SIPP provider AJ Bell has unveiled plans to launch an app-based investment platform called Dodl which will offer an annual charge of 0.15%.

The FCA has given its senior managers more powers to make regulatory decisions to ensure action to prevent consumer harm is taken quicker.

The Financial Services Compensation Scheme has this week written to 1,000 London Capital & Finance (LCF) victims offering compensation from a government-funded scheme.