Information from Defined Benefit pension schemes suggests that well over a third of a million people have transferred over £60bn out of such schemes in the last three years.

New Prime Minister Boris Johnson has kept Amber Rudd in place as Secretary of State for Work and Pensions and promoted Sajid Javid to Chancellor in his first Cabinet reshuffle.

Investment platform AJ Bell has boosted assets to more than £50bn for the first time according to a trading update in respect of the three months ended 30 June.

Brewin Dolphin has increased Financial Planning income and funds, a trading update for the three months ended 30 June has revealed.

Financial Planning firm Portfolio Financial Consultancy Ltd (PFC) is to acquire Crescent Financial.

XPS Pensions Group has revealed three of its team have been promoted to partners of the business.

Further details of the Independent Investigation into London Capital and Finance have been revealed by the FCA.

Aegon has called on Boris Johnson and his new Cabinet to “look beyond Brexit” to advance social care policy and address pensions priorities.

The Chartered Institute for Securities & Investment (CISI) has appointed Timothy C Boles Chartered FCSI, FRGS, FRSA, FInstLM, as president of CISI’s Isle of Man branch committee. 

Protection firm LV= has added a 12-month claim period option to its existing Budget Income Protection product.