The FCA and PRA have hit Goldman Sachs International (GSI) with a fine of £96.6m for management failings in dealing with allegations of bribery and staff misconduct.

More than 32,000 pension savers have received £135m in compensation from providers who failed to inform them about enhanced annuity options, the FCA has revealed in its Annual Report and Accounts.

The FCA levied fines and financial penalties amounting to over £540m in 2019, the regulator has revealed.

A pre-school nursery and its main director have been ordered to pay £8,200 for failing to comply with their pension duties and for misleading The Pensions Regulator (TPR) by falsely claiming staff had been put into a pension.