Industry
FCA under investigation over handling of British Steel scandal
7,700 members could have received unsuitable advice which saw £2.8bn transferred out
UK retirees to get ‘third biggest increase’ in state pension
But 3.1% uplift in the 2022-23 financial year ‘may fall short’ of cost of living rises
Young Brits gamble on high-risk products to compete with friends
UK regulator unveils £11m campaign to help inexperienced investors understand the market
Forthplus Pensions calls in the administrators
Inability to renew or extend professional indemnity insurance cited among reasons
Aussie investment firm fined A$20m for misleading trust members
After it took ‘advantage’ of investors ‘whose interests it was duty-bound to protect’
