Alex Burghart MP has been appointed as the new Pensions Minister, following the departure of long-serving predecessor Guy Opperman MP.

Asset manager Abrdn has developed materials to help advisers prepare for the Financial Conduct Authority’s (FCA) new Consumer Duty rules.

Financial advisers with clients who have been pursued by HMRC over inheritance tax liabilities in relation to Employee Benefit Trust (EBT) scheme have been invited to join a group action tribunal appeal against the taxman.

Sanlam Wealth has rebranded to Atomos following completion of its acquisition by Oaktree Capital Management.

IFA consolidator firm Radiant Financial Group has acquired Irvine Financial Services, Landmark Financial Planning and Andrew Gibbs IFA for undisclosed sums.

The Financial Ombudsman Service’s complaint uphold rate dropped to 34% in the quarter between April and June, down from 37% in the second half of 2021.

Annuity rates have risen by 35% over the past year to hit their highest point in a decade, according to a new report.

The Chartered Insurance Institute has launched a Professional Map competency framework to help insurance and personal finance professionals develop their careers. 

The number of fund managers committed to net zero by 2050 has doubled to 81% over the past year but only two in ten (22%) have concrete carbon reduction plans, according to a new report.

The Bank of England today pushed up its base rate by 50 basis points from 1.75% to 2.25% as it intensifies its drive to curb inflation which is nearly 10%.