House of Commons

Campaign group petition attracted 118,000 signatures

Frank Field has been elected as chairman of the House of Commons Work and Pensions Committee.

Pensions expert Ros Altmann has called on the Financial Conduct Authority (FCA) to tighten its grip on product providers to ensure customers are treated fairly once they have received the government's proposed retirement guidance.

Chair of the Financial Services Consumer Panel (FSCP) Sue Lewis has told MPs she expects the emergence of "a lot of toxic products" in the retirement sector following the announcement of new pension freedoms in the Budget.

An amendment to the Care Bill mandating local authorities to refer people approaching care to regulated financial advisers - a proposal originally thrown out by parliament - is to be re-submitted in revised form for consideration by MPs.

Labour MP Paul Blomfield will introduce a private members bill on Wednesday with the aim of creating a harsher regulatory environment for payday lenders.

The Equity Release Council is to brief policymakers on improving access to financial advice for older people at the House of Commons today.

The Financial Services Bill is being "rushed" through Parliament without proper consideration being given to proposed changes, Andrew Tyrie has said.

The government has given its backing to the Money Advice Service (MAS), in spite of growing discontent with the industry-funded operation within Westminster.

The Financial Services Bill has passed through to the House of Lords without any significant amendments affecting financial advisers, including the reintroduction of a long-stop.