Ken Davy, founder and chairman of adviser support company SimplyBiz, is to step down to become deputy chairman next year in a senior executive reshuffle.

The total cost of the Coronavirus outbreak to British insurers is likely to total £1.2bn, according to initial estimates by the insurers’ trade body the Association of British Insurers.

Wealth manager St James’s Place was responsible for 10% of all pension transfers analysed by pensions actuarial consultants Lane Clark & Peacock (LCP).

Aberdeen Standard Investments has launched a new fund investing in global mid-cap companies.

A retirement advice firm has persuaded more providers to accept e-signatures and electronic verification due to the Coronavirus outbreak.

The FCA has launched High Court proceedings against 24HR Trading Academy Ltd and its sole director, Mohammed Fuaath Haja Maideen Maricar for allegedly advising on investments via social media without FCA authorisation.

In an upbeat response to the Coronavirus outbreak, Financial Planning Group Progeny has recruited 9 new staff and has plans to expand.

Only a third of women (33%) believe now is the right time to invest in their pension compared to 46% of men, according to a survey of 1,100 consumers which looked at investment differences between the sexes during the pandemic.

International pensions group STM, which bought troubled SIPP firm Carey Pensions last year, is planning further acquisitions in the SIPP and pensions sector as its focuses on the UK.

Liberty SIPP Limited has entered administration, opening the door to FSCS compensation claims for hundreds of clients.