The FCA is to scrutinise the harm to consumers from advisers who levy ‘excessive fees and charges.’

More than 30 financial advice firms have dropped pension transfer advice in three months due to problems in securing professional indemnity insurance, the Personal Finance Society says.

The number of Defined Benefit transfers fell in November as transfer values slipped, according to the latest XPS Transfer Watch.

Defined benefit pension transfer values fell by 4% in October - one of the biggest declines seen in several years.