FSA

Defined benefit members are being left £2-3bn out of pocket every year as trustees and advisers fail to update the terms offered on tax-free lump sums at retirement.

Hannah Brenton examines the latest developments of the Pensions Infrastructure Platform.

The work and pensions select committee is reopening its inquiry into the governance and best practice in workplace defined contribution pension provision.

Regulation by the TPR, FSA and Europe is necessary to ensure disclosure standardisation and compliance.

Fewer schemes will carry out enhanced transfer value exercises following the introduction of a code of conduct and changes in how members are advised, says law firm Osborne Clarke.

The LIBOR system is "broken and needs a complete overhaul", according to Financial Services Authority's head of conduct Martin Wheatley.

The Financial Services Authority has fined BlackRock Investment Management Limited £9.5m for client money breaches.

Association of British Insurers will work with the Financial Services Authority and The Pensions Regulator on a ‘disclosure protocol' for pension charges.

The Financial Services Authority will today suggest scrapping LIBOR and replacing it with a borrowing rate based on actual trades, it has been reported.

The Financial Services Authority has issued a public censure of City Gate Money Managers and banned its director and compliance officer Stewart Wallace Domke over pension transfer business.