The Financial Conduct Authority (FCA) is to change its methodology for calculating redress for non-compliant pension transfer advice.

The Financial Services Compensation Scheme has declared two advice firms in default with over 88 pension transfer claims between them.

The Financial Conduct Authority (FCA) was “consistently behind the curve” when responding to the British Steel Pension Scheme (BSPS) transfer scandal, according to MPs.

Wealth management trade body PIMFA has urged the government to compensate victims of the British Steel Pension Scheme from the Pension Protection Fund.