Losses due to pension scams more than tripled to nearly £5m in the month after the pension reforms took effect as liberation scams tripled, new figures suggest.

Advice firms in Derby and Blackburn have been bought out by AFH Financial for over £1m in total.

Bosses struggling to find Paraplanners for their firms should stop seeking an “all singing, all dancing” answer to their problem and look at appointing an apprentice, a leading Paraplanner says.

The reasons for consumers failing to seek out a Financial Planner are to be investigated in a major global project involving the IFP.

A financial adviser was among six people arrested as part of an investigation into a suspected £4 million Pay As You Earn tax evasion and money laundering fraud.

Fines worth just under £170,000 were handed out to firms for auto-enrolment failings in the 12 months from April 2014.

A pension advisory business has reported 11 possible pension scam companies that are appearing in Google ads or search results.

A leading Paraplanner has called for his profession to “start shouting more widely about what we do”.

A fourth London Paraplanners Powwow is in the offing, organisers say, as advisers were told they could learn a lot from the rapidly expanding movement.

Jargon must be binned as part of an FCA shake up to simplify switching between cash savings accounts, providers have been told.