The FCA’s Upper Tribunal, a court of appeal, has upheld the regulator’s decision to ban financial advisers Richard Fenech and Heather Dunne from working in financial services. 

The Society of Pension Professionals (SPP) has warned that new measures designed to protect savers from pension scams could be undermined by legislative loopholes.

The Financial Conduct Authority has banned a financial adviser and fined him £755,000 for pension transfer failings which put clients at risk for his own personal gain.

AJ Bell, the platform and SIPP provider, has urged the FCA to think again about proposed changes to pension transfers which would see more ‘friction’ added to non-advised transfers.

Savers could be losing £1.7bn from their pension pots due to poorly informed transfers made in the year to 30 June, according to master trust People’s Pension.

Simpler pension transfers took an average of just 10.8 days to complete as the industry moved out of the busy tax year end period and into early summer.

The number of pension transfers has risen to its highest level since August 2023, indicating that they may be regaining popularity.

Simpler pension transfers took an average of just 11 days to complete in the lead up to the end of the 2024/25 tax year.

The Upper Tribunal has upheld a ban on two "reckless" financial advisers who were involved in 1,470 mostly 'flawed' pension transfers worth over £392m.

Pension transfer activity picked up slightly in the past two months despite the XPS Group’s Transfer Value Index recording its lowest ever month-end figure for the second month in a row in April.

4 in 5 (79%) of financial advisers believe delays in pension transfers have had a moderate or severe impact on client trust, according to a new report.

Industry collaboration fintech Origo’s newly-launched Unipass Transfer Tracking service has seen more than 10,000 pension transfers searched for by advisers since it went live on Monday 3 March.

Simple defined contribution pension transfers took an average of 10.5 days to complete last year, according to new data.

The FCA’s ban on contingent charging introduced in 2020 led to a dramatic fall in the number of DB transfers, but had little impact on fees, the regulator said.

The FCA is to retire its British Steel Pension Scheme redress calculator which has been used to provide an assessment of client losses incurred due to poor advice.

The FCA has provisionally banned and fined two financial advisers over failings involving £126m of allegedly "flawed advice" pension transfers.

Major issues continue to plague the DWP’s pension transfer regulations three years after they were implemented, new Freedom of Information data has revealed.

Pension transfer specialist adviser Philip Pryke has been fined £1.4m by the FCA after his firm advised on 986 transfers, many of them not in the client’s best interests.

Defined benefit pension transfer values fell to their lowest value in a year in October due to uncertainty around the Chancellor’s Budget, according to XPS’ index.

It’s no secret that the FCA has come in for flak over it’s naming and shaming enforcement plans and it’s no surprise it has decided to dilute them as a result. But should it be backing off?