More than a quarter of providers believe they have no duty to tell customers about their retirement options, because the sole responsibility rests with advisers, research suggests.
Ongoing Financial Services Authority investigations into poor pension switching advice are expected to result in firms paying out more than £150m in redress to customers.
The Financial Services Authority has fined London-based financial advice firm Robin Bradford £24,500 for pension switching advice failings.
Ongoing Financial Services Authority investigations into poor pension switching advice are expected to result in firms paying out more than £150m in redress to customers.
Six men - including two "senior city professionals" and a hedge fund employee -have been arrested on suspicion of being involved in a insider dealing ring.
The FSA has ordered RSM Tenon Financial Services to undertake a review of its pension switching business going back almost four years amid concerns about the suitability of advice.
Financial Services Authority chief executive Hector Sants will step down in the summer after three years in the role.
A former BlueBay hedge fund manager has been fined £140,000 and banned by the FSA for misleading investors and the regulator.
Control of Freedom SIPP has been given to Mattioli Woods by the scheme's liquidators.
Standard Life has been fined £2.45m by the Financial Services Authority for serious failures relating to its Pension Sterling Fund.