Defined benefit pension transfer values fell to their lowest value in a year in October due to uncertainty around the Chancellor’s Budget, according to XPS’ index.

The Financial Services Compensation Scheme has declared Leeds-based pension transfer adviser Gainsborough Financial Services (FRN: 145971) in default.

The FCA’s upcoming advice guidance proposals will focus on helping consumers understand their choices around pensions, according to the regulator’s chief operating officer Emily Shepperd.

The latest issue of Financial Planning Today Magazine - our exclusive publication for Financial Planners, Paraplanners and Wealth Managers - is now available and features a detailed review of the latest Planner Technology, including a look at the Financial Planning firms already using AI to improve their workflow.

The number of complaints received by the Financial Ombudsman Service climbed by more than 50% in the last three months.

The Premium Bonds prize fund rate will fall from 4.15% to 4% from the January 2025 draw, although the odds of winning will remain at 22,000 to 1.

The Financial Conduct Authority has fined Macquarie Bank Limited - London Branch (MBL) £13m for serious failings that allowed one of its employees to record more than 400 fictitious trades.

The financial services sector will lead the way in salary growth next year, a new report predicts.

MPs and members of the House of Lords have today published a critical report on the Financial Conduct Authority (FCA), branding the regulator ‘incompetent’.

The FCA has published an indicative roadmap of key dates for the development and introduction of the UK’s crypto regime as new research revealed crypto ownership has risen 20%.