Frank Field MP, chair of the Commons Work and Pensions Committee, has written to the FCA over concerns that its response to the British Steel pensions controversy has been “grossly inadequate.|

The Financial Conduct Authority has today gone live with its new Asset Management Authorisation Hub which is designed to help new firms launch fund management services.

The FCA has told providers operating ‘closed books’ of business to follow new guidance and review their practices within three months of today.

The Financial Conduct Authority is to order a number of firms to review annuity sales back to 2008 after finding evidence of “concerns” but says its review of non-advised annuity sales found no widespread “systemic” problems.