Come as the regulator proposes to increase fees by 2.5%
First Actuarial says pension redress sitting at ‘historic low’
'Alarming lack of consultation'
Will consider if more PE due diligence needs to be done
Many firms had taken positive action but ‘areas for improvement remain’
Beauchamp served as interim CEO from October 2023
Regulator finds 10% of sampled firms may not have adequate cover in place
Regulator recognises the sector has been ‘growing at pace’