The proposals would require major pension providers to invest more in the UK and private assets.
The proposals would require major pension providers to invest more in the UK and private assets.
The changes aim to improve response times and give firms clearer guidance on what to report and when.
72% of adults in the UK have little or no confidence in the government to make the right decisions about how their pension is invested.
The FCA and the FOS will begin implementing changes from today, where they can.
The Group has warned against the government's 'deregulation agenda' and calls for a Royal Commission into UK financial conduct regulation.
The FCA warns many financial services firms still need to strengthen their approach to customer support, despite improvements since the introduction of the Consumer Duty.
The regulator confirmed that it will consult on further changes to its mortgage rules this year.
The regulator has raised concerns over how brokers advise customers, assess affordability and charge fees.
The error resulted in UKI Limited overstating its solvency to the PRA and to the market.
Rajinder Gill ran an illegal sale-and-rent-back scheme targeting struggling homeowners.
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