New research suggests millions of older pension savers have little idea about what the State Pension is worth - with 40% of 55 to 64-year-olds in the dark about their State Pension forecast.

The FSCS has declared nine financial services firms in default during December and January, including several financial advisers.

Pollen Street Capital, the private equity owner of wealth manager and Financial Planner Kingswood, has greenlighted a new £8m unsecured debt facility for the business.

Seven out of 10 Claims Management Companies (CMCs) contacted by the FCA in a recent intervention have halted unregulated claims activity.

Annuity sales soared 46% in 2023 to £5.2bn but only a minority of people took advice before buying one, according to ABI data out today.

The FCA has secured a bankruptcy order against father and son directors of a collapsed SIPP introducer who failed to pay back £10.7m in restitution to clients.

I suspect a cold shiver went down many the backs of many at the larger adviser firms this week with news that the FCA is asking for details of their ongoing charges.

The Personal Finance Society (PFS), a professional body for Financial Planners, has launched a new competency diagnostic tool to help firms identify training opportunities relating to Consumer Duty knowledge gaps.

A £2.7m boiler room fraudster, who used different names for his crimes and was jailed for nine years for his crooked activities, has been banned by the FCA.

Most pupils leave school missing the money skills they will need, according to new research from the government-backed Money and Pensions Service (MAPS).