Delays in getting responses to letters of authority (LOA) and transfers are causing a headache for Financial Planners who are seeing client engagement levels drop as a result, according to a new report.

The Financial Services Compensation Scheme (FSCS) has declared two pension advice firms in default.

Earlier today pensions minister Guy Opperman confirmed he is not to continue in the role under new Prime Minister Liz Truss.

Financial Planner’s interest in making changes to their technology stack has stalled, according to a new report.

Prime Minister Liz Truss has relieved Guy Opperman MP of his duties as Minister for Pensions and Financial Inclusion.

Revenue growth stalled at 2% to £31.7m for fintech and support services firm Fintel for the half year ending 30 June.

Revenue at the Sense and Lyncombe adviser networks, part of Adviser Services Holdings Limited (ASHL), jumped by 66% to £71m in 2021.

Fund manager Fidelity has expanded its ETF offering with a new range of thematic funds, including one investing in the Metaverse.

Retirement provider Canada Life has increased its annuity rates for the 16th time this year. 

Campaigners calling for the CII to launch up an independent review of its finances and operations claim they have been blocked from tabling a motion urging a review at the upcoming CII AGM.