The City-based adviser platform Transact says all its staff have moved to home working and it has asked users for patience as it deals with a high volume of calls.

National pensions and financial advice firm LEBC has urged the Treasury to relax the deadline for savers to make ISA and pension contributions by two weeks.

The FCA has reduced a £93,800 fine imposed on pension adviser Lloyd Pope, a former director of now dissolved firm TailorMade Independent Ltd, by approximately £70,000.

The FCA and other regulatory bodies are to allow listed companies an additional two months to file their accounts due to the Coronavirus outbreak.

The FCA says it will be more “flexible” on firm’s capital adequacy requirements during the Coronavirus outbreak.

The Personal Finance Society has urged the FCA and the Treasury to do more to ensure consumers can access financial advice during the Coronavirus outbreak.

The FCA’s long-awaited pension transfer rule changes are likely to be pushed back by at least six months in a move described as “very disappointing” by a leading pensions actuary and consultancy firm.

Ian Mattioli, chief executive of wealth management and SIPPs business Mattioli Woods, has waived his salary until at least 30 June and board directors have reduced their fees to 50%.

Goldman Sachs online bank Marcus has today launched a 1 Year Fixed Rate Saver account with an interest rate of 1.45% AER for 12 months.

1 in 5 British adults have no immediate access to ‘rainy day’ savings, according to a new survey of 2,000 adults.