The Financial Conduct Authority has identified a number of pension areas where ‘intervention’ may be necessary following the introduction of the pension freedoms in April 2015.

The FCA has told the advice sector its bill to help pay for the regulator will rise by 4.7%.

A self-appointed Essex ‘tax adviser’ with no financial qualifications is behind bars after he told clients how to fraudulently claim £1.5m in tax repayments.

Bedford-based financial adviser firm Total Wealth Solutions is being voluntarily wound up after the firm had a complaint upheld against it by the Financial Ombudsman Service over pension transfer advice to move a client's money to a fund linked to a Brazilian rainforest scheme.