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The FCA’s expectations on DB transfers need to be clarified to avoid the risk of the market failing, a veteran pensions expert says.

A client who claimed advice from Zurich “exposed her money to too much risk” has won her case.

A former Conservative Minister has blamed the party’s manifesto for its election failure, describing it as “badly thought through”.

David Gauke is the new Secretary of State for Work and Pensions, following a post-election Government re-shuffle.

Former deputy chief whip Esther McVey MP has been appointed Work and Pensions Secretary, replacing David Gauke who is moving to the Ministry of Justice after less than seven six months in the job.

Synaptic Software has bolstered its Synaptic Product and Fund research tool to provide its 8,000 subscribers with access to more information about investment risk ratings.

A leading pensions provider has warned that the election exit of a Treasury minister steering the Pensions Dashboard project and the implementation of the Financial Advice Market Review is of concern.

Leading Financial Planners say that the Conservatives recently dwindling fortunes in the polls meant that the election result was far from the shock some experts have said and that a Conservative-led coalition remains likely to try to push through current financial reforms as best it can.

Financial services providers have given an overwhelmingly negative reaction to the general election which has resulted in a hung parliament today.