The Financial Services Compensation Scheme has declared BSPS-linked firm Green Gem Financial Ltd (FRN: 400488) in default over pension transfer advice, opening the door to compensation for ex-clients with valid claims.

Annuity and retirement specialist Just Group said operating profits climbed 44% to £249m in the first six months of the year to the end of June.

The aggregate surplus of DB pension schemes increased to £475.5bn at the end of July, according to the latest Pension Protection Fund (PPF) 7800 Index.

Fast-growing national Financial Planning firm Wren Sterling has completed the acquisition of south coast adviser business the In Focus Group, for an undisclosed amount.

Wealth manager and Financial Planner Evelyn Partners said its AUM has climbed to a record £62.2bn, up 13.3% compared to a year ago and up 5.2% since the end of 2023.

Troubled wealth manager and financial services firm WH Ireland said losses increased last year and it has given up trying to sell its wealth management after negotiations to unload the division collapsed.

Younger women are more likely to feel anxious about their financial situation than men, according to a new study from financial education firm Nudge.

Less than one in ten Financial Planners and advisers have seen an increase in clients paying into ISAs, despite April’s rule change which allowed savers to pay into more than one type of ISA.

Wealth manager St James’s Place has appointed former Aviva Investors’ Andy Ford as head of responsible investment. 

One in three companies do not offer financial advice as an employee benefit, often because of the risk of inappropriate advice being given and the negative fallout.