Regulation

Wife also fined £50,000

Proposes to have separate suitability reports

'Spiral of complacency'

Accessing pension pots early has become ‘the new norm'

Succeeds HSBC CEO António Simões

Four advice firms also on list

Advice found to be 'suitable' in 93.1% of cases

Minimum fees up 1%

Process too complex

Industry says “regulator should have gone further”