Tax & Regulation
Five ex-directors banned over unsuitable pension advice
They have also been fined over £1m in total
20% of advisers ‘in the dark’ about FCA Consumer Duty
Some don’t even believe ‘it will add any value to consumer outcomes’
Pension savers recoup more than £22m in tax
As ‘clunky’ and ‘complex’ system blamed for overpayments
£4m returned to boiler room fraud victims
They were conned out of £70m by bogus stockbroking firms in Spain
UK rejects automatic pension guidance appointments
Move may ‘encourage people to access their savings earlier than appropriate’, government says