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Swansea adviser banned for 'negligent' BSPS advice
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Swansea Financial adviser Simon Hughes has been banned by the FCA and made to pay £158,600 redress for “negligent” pension advice which has led to £8m compensation being paid to his BSPS member clients.
Read more: Swansea adviser banned for 'negligent' BSPS advice
DWP says TPR is 'well-run' but needs to be tougher
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After a review launched earlier this year the DWP has concluded that The Pensions Regulator is “broadly well-run and well-regarded” but has set out a series of recommendations to improve the regulator.
Read more: DWP says TPR is 'well-run' but needs to be tougher
Warning about FCA retirement income advice probe
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Financial Planning firms need to assess their retirement income advice in advance of the FCA’s impending review of the retirement income market, a compliance firm has warned.
Pension system 'may be failing self-employed'
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New private pension figures published by HMRC have revealed that the number of self-employed people contributing to a personal pension climbed to 340,000 in 2021-22, up from 330,000 the previous year.
FCA bans advisers over £42.3m BSPS-linked pension transfers
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The Financial Conduct Authority has banned Darren Reynolds and Andrew Deeney of Active Wealth Limited for dishonest pension transfer advice.
Read more: FCA bans advisers over £42.3m BSPS-linked pension transfers