Regulation

Labour MP Stephen Timms to chair work and pensions committee

Stephen Timms, the Labour MP for East Ham, has been named chairman of the parliamentary work and pensions committee.

Keith Richards: ‘Current FSCS levy system outdated’

The current FSCS levy systems are outdated and must be overhauled, Personal Finance Society chief executive Keith Richards has said.

FCA: Lack of proper PI cover places ‘unfair’ burden on FSCS and firms

The Financial Conduct Authority (FCA) has said the inability for firms to compensate consumers via their professional indemnity insurance is “unfair".

Rory Percival ‘surprised’ over latest FCA consumer harm warning

Ex-Financial Conduct Authority (FCA) man Rory Percival was surprised the hear the regulator's latest claim that cases of consumer harm in the advice process are increasing.

FCA says lack of proper PI cover places ‘unfair’ burden on FSCS and firms

The Financial Conduct Authority (FCA) has said the inability for firms to compensate consumers via their professional indemnity insurance is “unfair".

PI Insurance hikes spark exodus from DB transfer advice

Advisers are continuing to leave the DB transfer market in droves, with high PI premiums prompting more than 30 firms to back away from final salary transfer advice in just three months.

Leeds-based adviser firm goes under after pension transfer permission loss

Leeds-based adviser firm Capital & Income Solutions has entered administration.

Treasury plans to tackle NHS pension taper woes widely criticised

Potential changes to the tapered annual allowance threshold, which the Treasury could increase from £110,000 to £150,000 to ease pressure on senior NHS doctors, have been criticised amid calls for wider taxation reform.

Gareth James: Will Sajid Javid revisit pensions early access?

Gareth James looks back at the career of Chancellor Sajid Javid and asks if his previous support of early access to pension pots points to future policy...

Rising SIPP claims push FSCS levy to £635m

Advisers face increased FSCS bills as the body is set to raise its overall levy to £635m for 2020/21 with intermediaries stumping up £213m.
 

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New delay for contingent charging ban decision

The Financial Conduct Authority (FCA) has postponed its decision on whether to ban contingent charging on defined benefit (DB) transfers by up to six months.