The Financial Conduct Authority plans to fine company directors Toni Fox £681,536 and David Price £632,594 over their roles in £392m of mostly "flawed" pensions transfers.
The FCA has issued new guidance to advisers on giving pension transfer advice to vulnerable clients.
Pension transfer activity has continued its downward decline, hitting a five year low in July and dropping to half the level seen a year earlier.
Barnett Waddingham has appointed former St James Place Wealth director Neil Howitt as its new head of SIPP Finance.
Three quarters of pension savers are in the dark about their ability to contribute to a partner’s pension.
A new survey has revealed that many under-35s have an unrealistic expectation of when they will be able to afford to retire, with many expecting to quit work by 60.