More than 32,000 pension savers have received £135m in compensation from providers who failed to inform them about enhanced annuity options, the FCA has revealed in its Annual Report and Accounts.

A new equity release product has been launched every 28 hours so far in 2020, according to new research.

The Information Commissioner’s Office has issued a fine to CPS Advisory Ltd for making more than 100,000 unauthorised direct marketing calls to people about their pensions.

Financial Planning firm Old Mill have taken on 17 new starters in one week, including nine graduates and school leavers.

Expanding Financial Planner and wealth manager Independent Wealth Planners UK (IWP UK) has acquired West Midlands based Financial Planning firm Beyond Financial.

Lloyds Bank plans to cut 865 jobs as it works to simplify the business, with the cut jobs mainly in its insurance, wealth and retail teams.

Nearly two-thirds (62%) of 16 and 17-year-olds did not know they were due to receive a lump sum from their Child Trust Funds or Junior ISAs when they turn 18, according to a new survey.

Following a successful pilot, wrap platform Transact said it is now accepting digital signatures on most applications via DocuSign or moneyinfo.

The Financial Conduct Authority, the Prudential Regulation Authority and the Bank of England have appointed FOS independent assessor Amerdeep Somal as Complaints Commissioner.

Copia Wealth Management Ltd in Denton, Manchester, has gone into liquidation soon after a Financial Ombudsman ruling against the company over a pension transfer.