FCA defends its actions over BSPS scandal

The FCA has responded robustly to complaints about the time it took to provide redress to victims of the British Steel Pension Scheme (BSPS) scandal.

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LCP wants ‘magnetic pensions’ to tackle 16m small pots

Pensions consultancy LCP is calling for a ‘magnetic pensions’ strategy to help tackle a leap in small pension pots, estimated to be increasing at 2m a year.

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ABI warns DWP over intervening in DB market

Insurance and savings trade body the ABI has warned the Department for Work and Pensions (DWP) that a public pensions 'consolidator' must avoid undermining the DB scheme buyout market.

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58% of pension pots cashed out in full

More than half of pension pots are being cashed out in full as fewer people seek professional guidance, new figures from the FCA have revealed.

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