Two pension trustees have been jailed for their part in a £13m ‘pension liberation’ scam which saw hundreds of savers lose their pension pots following a fraudulent pension transfer.

The FCA has relaunched its pension transfer ‘advice checker’ tool for consumers to help them assess whether they have received unsuitable advice.

The FCA has stepped in to bar South Wales adviser firm David Stock & Co Limited (DS&C) - which advised BSPS clients on pension transfers - from disposing of assets without permission.

Like many this week I was taken aback at the scale of the BSPS pension transfer scandal redress. It’s huge and just the tip of an iceberg.