Workers hoping for a comfortable retirement could find their living standards hit by having to bear the burden of the risk of poor investment performance and uncertain lifespans, according to a leading economic think tank.

Link Fund Solutions has agreed to pay around £235m to investors in the LF Woodford Equity Income Fund, following an investigation by the FCA.

The Financial Services Compensation Scheme (FSCS) has today declared 17 firms in default - most of them adviser businesses - opening the door to clients claiming compensation.

Fintech Iress is to axe 10% of jobs globally in a major shake-up for the business which says the move will help increase efficiency. 

Net inflows fell 25% year-on-year to £1.2bn for AJ Bell’s platform business for the first quarter of 2023.

Financial Planning firm Old Mill has appointed Amanda Browning as partner and head of wealth management.

SIPP provider and wealth manager Mattioli Woods has acquired Northern Ireland Financial Planner Doherty Pension & Investment Consultancy for £15.048m. 

The Chartered Insurance Institute has promised to increase the autonomy of its Personal Finance Society arm in its five-year plan published today.

Wimbledon-based Chartered Financial Planning firm Holborn Financial has acquired the business of retiring IFA Gary Cook, principal of Gary Cook Financial Services of Maidstone, Kent.

The FCA has imposed restrictions on a London wealth manager CFS Management Ltd over concerns that millions of pounds of client and firm money was being held in the same accounts.