The FCA has set out plans to ban advisers from contingent charging based on a positive recommendation to transfer out of a defined benefit scheme.

Information from Defined Benefit pension schemes suggests that well over a third of a million people have transferred over £60bn out of such schemes in the last three years.

A new FOI response obtained by Royal London has revealed that HMRC do not know how many people they are fining each year over breaching rules relating to pension tax relief.

Royal London Asset Management (RLAM) has recruited two new members to its responsible investment team.