The number of teachers opting out of the Teachers’ Pension Scheme has climbed 14% to 13,112 during the past 12 months, data collected by the Department for Education has revealed.

Average transfer times for DC pensions fell by 14.2% in the 18 months to the end of June 2024, according to new figures published by fintech Origo.

Around 140,000 pensioners will soon face tax demands for the first time since they retired through the ‘simple assessment’ process.

The FCA is to consult on ground-breaking proposals to launch capital-raising retail platforms to raise money for expanding firms.

The number of new equity release customers jumped by 12% to 5,240 in Q2 as the market recovered from a downturn last year, according to the Equity Release Council’s latest quarterly market report.

Fund manager Jupiter has reported pre-tax profits for the latest half year up by £3.9m to £38.7m.

Over one in three financial services firms (36%) have been penalised at least once in the past 12 months for failing to meet regulatory requirements, according to a new report.

The FCA has issued a £3,503,546 fine to CB Payments Limited (CBPL) for repeatedly breaching a requirement preventing it from offering services to high-risk customers.

Iress has added integration with artificial intelligence-powered adviser assistant tool PlannerPal to its cloud-based advice and wealth management software Xplan.

The FCA has cancelled the permissions of Brentford-based Ekara Health Ltd (FRN 940007).