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4 in 5 annuitants missing out on enhanced terms
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Over four in five retired annuity holders who would likely qualify for an enhanced annuity do not currently have one, according to new research.
FSCS pays out £423m in compensation in one year
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The Financial Services Compensation Scheme (FSCS), the safety net scheme for consumers, paid out £423m in compensation to customers during its 2023/24 year, £20m higher than the previous year.
Pension scam warning flags at highest level for 9 months
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Pension scam warning ‘flags’ have climbed to their highest level in nine months, according to a warning from pensions consulting and administration business XPS.
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FCA’s Mills claims Consumer Duty a great success
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Sheldon Mills, executive director of consumers and competition at the FCA, has claimed that Consumer Duty has been a great success in a speech at an event celebrating the Duty’s anniversary.
FSCS reports rise in 'more complex' SIPP failures
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The Financial Services Compensation Scheme (FSCS), the industry-funded safety net for consumers, has warned it is seeing a rise in more complex SIPP claims after it paid out a total of £423m in compensation in its 2023/24 year.
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