Pension pots with proposed 'money safe' guarantees may not be transferred automatically with a worker when they move jobs, a minister has warned.

A Financial Services Authority (FSA) thematic review has uncovered widespread failings among self-invested personal pension (SIPP) operators.

The Complaints Commissioner has rejected a complaint against the Financial Services Authority (FSA) by an investor over the regulator's handling of the alleged ‘phoenixing' of an advisory business.

The Prudential Regulation Authority (PRA) will wield a veto power over proposed terminal or annual bonuses for with-profits policies, under the new regime.

The senior regulator who will be in charge of supervising banks has warned that institutions will still be allowed to fail, despite more rigorous oversight of the businesses under the new regime.

FIVE THINGS

The Association of Independent Financial Advisers (AIFA) recorded a deficit of almost £154,000 in 2011/12.

CONDENSED

A barrister representing advisers fighting the Financial Services Compensation Scheme (FSCS) over Lifemark compensation has insisted the products were not high risk.

Celebrities including Weakest Link presenter Anne Robinson and members of Take That have been exposed as participants in a £1.2bn tax avoidance scheme, according to reports.