Three SIPP operators have been declared in default by the FSCS after 150 claims were received, the body announced today.

The FSCS is planning to levy the industry £336m for the nine months to 31 March 2019, up from the £320m levy in 2017/18, which covered a 12 month period.

Sheffield-based Hamnett Wealth Management has been awarded the Chartered Financial Planner Firm title by the Chartered Insurance Institute.

AdviserBook, a new directory of regulated financial advisers launched by a Chartered Financial Planner, has axed charges for advisers this year to encourage take up.

International SIPP provider STM has agreed with the Gibraltar regulator to use Deloitte to carry out a Skill Persons Review of the company following previous intervention by the watchdog.

Financial Planning firm Symphony is to launch a free, non-advised digital investment management service to compete with robo-advice competitors.

Platform provider Zurich has warned advice firms that they are facing a rising threat from cybercrime.

Pension transfer values remained high during 2017 but stablised towards the end of the year, figures showed today.

Training staff about the new data protection GDPR rules ahead of implementation on 25 May should be a top priority to ensure firms mitigate the risks of expensive data breach claims, according to a GDPR industry working party.

A think tank on later life care is urging the financial sector to back its search for solutions to tackle vulnerability later in life.