The Financial Services Compensation Scheme (FSCS), the industry-funded consumer compensation body, declared 13 regulated firms in default between August and November, it reported today.

Wealth manager and Financial Planner Titan Wealth Planning has acquired £650m AUA Bath Financial Planning firm Morgans Limited, for an undisclosed amount.

More than half, some 52% of people, say they would use targeted support if it was available, with the number increasing to two-thirds, 62%, of 25-44 year olds.

The Treasury has reappointed experienced financial services executive Sophie Hutcherson to the FCA Board.

The FCA has confirmed changes to simplify its rules and lower costs for insurers, while saying it is maintaining appropriate levels of protection for smaller commercial customers.

UK DB pension schemes continue to enjoy extremely positive funding positions, with XPS Group reckoning aggregate surpluses of £252bn on long-term targets, up from £187bn the previous year.

Some 190,000 people, a record number, engaged with forgotten retirement savings following this year’s National Pension Tracing Day on 26 October.

Consolidator Futura Financial Services has acquired Jones Financial of Norwich for an undisclosed amount.

Discretionary Managed Portfolio Services (MPS) assets are set to pass £200bn after surging by a third (32%) in a year to £190bn, according to NextWealth’s latest MPS Proposition Comparison Report 2025.

The FCA has today set out new rules for investment product information to allow firms to confidently operate with professional clients who don’t need retail protections.