UK pension schemes are making progress towards net zero alignment but a majority say there are still obstacles the government could remove to assist their work to address climate risk.

The Financial Conduct Authority has appointed Therese Chambers and Steve Smart as joint executive directors of enforcement and market oversight in a move to strengthen its enforcement team. 

The Financial Services Compensation Scheme has declared in default Stoke-on-Trent adviser firm Osborn Wealth Management Ltd (formerly Pace Ward Financial Ltd) (FRN: 232576).

The FCA has restricted business at London IFA firm Independently East Ltd (IEL) (FRN488046) after it failed to pay a £70,000 Ombudsman award to a client.

Two in five HNW individuals financially support their children but three in five do not feel comfortable talking about money issues with them, according to new research.

The Pensions Regulator has prosecuted two former pension scheme trustees for making illegal loans of £236,000 from a company pension scheme to the sponsoring employer last year.

The number of complaints about life and pension and investment companies fell by 8% during 2022, according to the latest data from the Financial Ombudsman Service.

Plans to bring forward a rise in the state pension age which were expected to be announced in May have been put on hold, according to newspaper reports.

Pensions and financial services consultancy Hymans Robertson has selected Jon Hatchett as senior partner to lead the firm from 1 April.

Former Abrdn advice director Neil Messenger has formed a new advisory firm called Professional Independent Wealth Advice (PIWA) which will join the Sandringham Financial Partners network.