Wealth manager Quilter has warned doctors and senior medical professionals close to retirement to halt their plans and seek professional financial advice before quitting work.

John Moret is one of the UK's leading pensions and SIPP experts and commentators. As he enters his 75th year, still working part-time, he begins the first in a monthly series for Financial Planning Today looking back at his long career and key topics which have steered the pensions sector. He starts with a timely look at the Chancellor's pension bombshell Budget delivered only yesterday. 

Nearly 300 claims have so far been received against failed pension transfer adviser Portal Financial Services (FRN 501272) which has been declared in default this week by the FSCS.

Platform engine GBST has relaunched its Composer wealth platform and rebranded to signal a new direction for the business following an aborted attempt to take over the company.

Three-quarters of financial advisers are behind with their preparations for the FCA’s new Consumer Duty which begins in July, according to a poll.

Major new consumer research by the Financial Services Compensation Scheme (FSCS) has revealed that 23% of people have either cut or halted pension contributions in the past months as they struggle to cope with the cost of living crisis.

A report for the Treasury-backed Women in Finance Charter suggests that women are continuing to gain more senior roles in financial services, with female executives now holding 35% of senior roles.

SIPP provider DAC Pensions - which had more than 600 clients and nearly £27m in assets under administration - has been declared in default by the FSCS, opening the door to compensation claims.

This year’s Budget has baffled me more than most. I still cannot get my head around why a seemingly highly conservative Chancellor Jeremy Hunt threw out a decade of pensions taxation policy and effectively said “to hell with it.”

Swiss bank and wealth manager UBS is to acquire its troubled rival Credit Suisse in an “emergency rescue” deal worth £2.5bn.