The Financial Conduct Authority says it will ban most contingent charging on DB pension transfers as part of a raft of measures designed to tackle ‘weaknesses’ in the DB transfer market.

The FCA is to host a series of events for British Steel Pension Scheme Members (BSPS).

The Financial Services Compensation Scheme (FSCS) has issued an update today about its compensation decisions for British Steel Pension Scheme (BSPS) members affected by the failure of Active Wealth, which wrongly advised them on pension transfers.

A new report into the BSPS debacle has heavily criticised regulators including the FCA and TPR.