A leading Financial Planner has spoken out about the growing compensation bill for failed adviser firms which use ‘phoenixing’ (a new company name) to relaunch themselves.

The Bank of England has today decided to keep the base rate of 0.5%

The Personal Finance Society wants the Government to impose a ‘seven basis points’ levy on funds under management per year as a solution to FSCS funding problems.

Pension transfer values, as measured by the Xafinity Transfer Value Index, fell during April 2018 with an increase in gilt yields blamed for the slump.

The FCA has warned investors to be wary of a firm which promises guaranteed income of up to 10% per year.

The Association of British Insurers has announced US-owned fund manager Vanguard as its second platform member.

New research by wealth management firm Tilney has revealed many people’s retirement preparations are in disarray with nearly one in five UK adults admitting they have lost track of at least one pension pot.

The FCA has revealed it plans to improve its authorised firms’ register.

The FCA and PRA have jointly fined James Staley £642,430 and announced special requirements on whistleblowing systems and controls at Barclays Bank.

An expert has expressed scepticism over whether a planned rise in auto-enrolment contributions will actually take place in April next year.