The Financial Conduct Authority has today proposed a ban on contingent charging on pension transfers and reaffirmed its view that DB transfers should be considered unsuitable unless there is a good reason to transfer.

The Financial Conduct Authority has today been recognised as one of the best organisations in the UK for race equality despite recently missing its own targets for diversity among its senior management team.

The FCA says it is disappointed it has so far failed to reach its own targets on appointing women and ethnic minority people to senior roles.

The Financial Conduct Authority is to go ahead with a referral of investment consultancy and fiduciary management services to the Competition and Markets Authority following “serious concerns” about competition in the sector.