Past problems with PPI mis-selling helped to push Royal Bank of Scotland to a £2bn loss for the first six months of the year, which included £1.3bn of litigation and conduct costs related to PPI.
MPs are calling for a breakup in the structure of the Financial Conduct Authority (FCA) and proposing a case for a new enforcement body, the Treasury Select Committee has said in a report.
The Financial Conduct Authority (FCA) announced plans today to examine how effectively competition is working in the retirement income market following the introduction of pension reforms in April 2015.
Brokers and adviser-broker firms will be required to disclose their charges up-front, in writing, and agree them with the seller, rather than being paid potentially variable commissions set by buyers.
The Pensions Regulator (TPR) is calling on trustees to prepare for changes in their annual defined contribution (DC) scheme return or risk being fined for failing to comply with the law.
Some 80% of chief financial officers (CFOs) and financial directors (FDs) have reported a fault with their planning processes when filling their solvency returns for the first time, according to research.
The Actuarial Association of Europe (AAE) has adopted its second European Standard of Actuarial Practice (ESAP2), on Actuarial report under Solvency II.
The UK government has announced plans to cap excessive charges for people wanting to access their pensions and appointed the Financial Conduct Authority (FCA) to take up the task.
