PIMFA, the wealth management and financial advice trade association, has voiced concerns about plans to increase the maximum compensation the Financial Ombudsman Service can demand a financial services firm pays out to £350,000. 

The government must invest more to educate consumers about long-term saving and investment if it wants the population to retire comfortably, the Wealth Management Association (WMA) has warned. Read more...

The Government would be sending out an anti-saving message if it decides to scrap pension tax breaks for high earners, the Wealth Management Association says. Read more...