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New emergency asset retention rules from the Financial Conduct Authority (FCA) have been applied to 101 firms who provided pension transfer advice for former British Steel Pension Scheme (BSPS) members.

SIPP industry veteran John Moret has called on the Treasury to review and rewrite SIPP regulation, saying the current framework is ‘a mess and not fit for purpose’.

The number of pension trustees who are encouraging members to take regulated financial advice has increased by 9% over the past year.

A pair of pension trustees have pleaded guilty to making illegal loans from a company pension scheme to the scheme’s employer.

The Financial Conduct Authority is facing strong criticism for its handling of the £46m Blackmore Bond collapse which has left a number of investors facing thousands in losses.

Pensions broker Daniel Stewart & Company plc has been declared in default by the Financial Services Compensation Scheme (FSCS), opening the door for investors to claim compensation.

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