UK Pension Scam Victims Lost Average of £91,000 in 2017
Regulators TPR, FCA launch ad campaign to alert the public to pension fraud.
Tag: Financial Conduct Authority
FCA Looks to Protect Consumers’ Pensions
UK financial body launches consultation on proposed measures to help plan participants.
FCA Proposes Pension Risk Transfer Changes
Watchdog considering banning ‘contingent charging.’
UK Committee Calls for Pensions Regulation after Billion-Dollar Scandal
Average British Steel pensioner transferred £400,000 in benefits to “unsuitable” funds.
UK Regulators Team Up on Pensions Strategy
FCA, TPR to tackle key risks facing the sector over the next five to 10 years.
UK’s FCA to Investigate Private Pensions
Financial watchdog seeks comments on £40 billion non-workplace pension sector.
Risk
FCA Warns of Social Media Cryptocurrency Scams
Regulator says investors lost £87,410 per day last year to binary options scams.
Research
FCA: Financial Services Complaints Rise Significantly
New reporting methods boost numbers, but increase is “still significant.”
FCA: UK Millennials Are Cash-Strapped, Under-Invested
The majority of 25- to 34-year-olds have no investments, and lag in savings.
UK FCA: Less than Half of DB Pension Transfers Studied Receive Suitable Advice
Report finds only 47% of consumers receive appropriate advice on defined benefit transfers.
Watchdog Investigates Pension Advisers’ Conflicts of Interest
The UK’s Competition and Markets Authority is looking into whether market features are crimping competition.
FCA to Require Disclosure of Pension Transaction Costs
New rules apply to managers of defined contribution plans.
UK Annuity Sales Tumble Further
Sharp decline continues two years after new rules allow withdrawals without annuities.
UK Watchdog Report Blasts Asset Managers
FCA says investors paying higher prices for funds typically achieve worse performance.