The FCA has issued new guidance today on how redress should be provided for pension transfer mistakes.

St. James’s Place, the wealth management group, has revamped its fund range and has confirmed it will launch two new funds from 6 November.

Nearly half the pension savers who have used pension freedoms to access their pension pot fear running out of cash in retirement, according to new research.

Two scam businesses offering a ‘binary options’ trading platform to investors have been shut down by the Insolvency Service after investors lost over £750,000.

Wealth manager Sanlam UK, part of a South African-owned global financial services group, has completed its acquisition of financial adviser network Tavistock Financial from Tavistock Investments, adding 158 financial advisers to its staff plus 25 support staff.

UK investment and wealth management group Tilney has bolstered its London office with the appointment of Andrew Tompson, who joins the company as a Business Development Manager with a region focussed from London to the South Coast.

The number of people aged 85 and over is set to double over the next 25 years to 3.2m, according to ONS projections out today.

The DWP will fine pension schemes up to £50,000 if they fail to disclose their fees and charges from April, the DWP announced in a package of proposals today.

Acquisitive Chartered Financial Planning firm Fairstone has acquired Hase Osborne, another leading Chartered Financial Planning firm, for an undisclosed sum.

The FCA has today launched a campaign to urge the public to stop remaining silent when financial scams occur. It also urges the public to seek impartial advice before investing.