Tax & Regulation

Companies | 20 Jul 22

US insurer to pay $50m for misleading annuity clients

Regulator finds firm gave ‘false impression’ that quarterly statements listed all fees

Companies | 19 Jul 22

Take-up of pension advice and guidance ‘going backwards’

FCA data shows 40% of decumulation products were bought by DIY savers

Companies | 19 Jul 22

‘Unscrupulous’ online broker shut down for misleading investors

Victims reported losses of around £263,000

Industry | 18 Jul 22

£22m pension fraud duo jailed

275 victims lost most or all their retirement savings

Companies | 14 Jul 22

‘Extremely ambitious’ pensions dashboard timeline extended

But trustees and providers warned to ‘get data ready’