'Current system not working'
Comments from Centre for Policy Studies
Follows an eventful first half of the year
TISA launches survey
Second rise in nine months
Not providing value for money
Ousted IA chief plans investment management role
Follows complaints over 'unfeasible' deadline
The Financial Conduct Authority (FCA) want to completely exclude pension wealth from high net worth investor (HNWI) calculations in order to prevent retirees losing their nest egg in high risk sophisticated investments.
FCA to explore flexibilities
The Financial Conduct Authority (FCA) "remains concerned" over how businesses communicate charges to consumers, and has suggested Nutmeg as an example for investment firms to follow.
Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), is facing calls for his resignation after the regulator made an "extraordinary blunder" that hit insurers' share prices, according to reports.
Deputy Prime Minister Nick Clegg has called for benefits such as free television licences, winter fuel payments and bus passes to be taken away from wealthy pensioners.