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More than 320,000 pension pots withdrawn at rates of 8% or more – FCA
This accounted for 46% of pensions with regular withdrawals and was up 24% from 259,507 in 2024/25.
FCA
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TISA backs Value for Money framework, calls for consistent pension value rules
Renny Biggins, said: “The framework will only deliver if there is meaningful comparison between schemes."
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CAPAdata gains FCA authorisation for workplace pension benchmark
Samantha Seaton said: “This achievement belongs to everyone who believes better data means better decisions – and, ultimately, better retirement outcomes.”
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FCA closes SIPP consultation as industry calls for increased consumer protection
TISA welcomed the strengthened protections but said the due diligence rules must remain proportionate and avoid unnecessary duplication.
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FCA expands Scale-up Unit support to five fast-growing financial firms
ClearScore, Modulr, Teya, Urban Jungle and Zilch have joined the initiative, becoming the first firms regulated solely by the FCA to take part.
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40% unable to cover £300 emergency bill earn above median salary, report finds
More than a third (35%) of UK adults said they were borrowing to cover essentials such as food, heating and rent.
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Squire Patton Boggs calls on financial services employers to tighten workplace misconduct policies
From September, all firms regulated by the senior managers and certification regime must take steps to prevent bullying, harassment or violence among employees if it is work related.
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FCA warns pension firms over value offered by older pension products
The regulator’s review found that complex charging structures, outdated product designs and weaknesses in firms’ data were contributing to poorer value.
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FCA sets out clearer standards for SIPPs
The proposals aim to improve consistency in due diligence and how pension scheme money and assets are handled.
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L&G adds Targeted Support to proposition following FCA approval
This will allow L&G to send more relevant information to DC workplace pension members, focusing first on those whose pension savings are all in cash.
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ABI welcomes FCA’s regulatory priorities for the pensions market
Charlie Bagley said: "These priorities will help make rules more effective to create a market that works better for everyone."
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TISA urges FCA to ensure consistent pension transfer rules
TISA urged the FCA to work with the DWP to make sure proposed pension transfer changes are consistent and tested with consumers before final rules are set.