Some 61% of trust-based pension schemes have yet to provide access to a Flexi Access Drawdown Facility for their members nearly a year after the Chancellor announced new pension freedoms for members, according to research by Willis Towers Watson.

A Financial Planning firm set up by a Chartered Financial Planner is set to be bought by a new robo-advice firm backed by the founder of MoneySupermarket.com.

A new regional Financial Planning hub is to be established by Sanlam UK as it embarks on an adviser recruitment drive.

A new Lifetime Allowance guide has been launched by Fidelity International ahead of the limit falling from £1.25m to £1m in April.

A financial advisory firm has launched a new online auto enrolment service for small businesses with between one and 30 staff.

Octopus Investments has announced the appointment of a new area sales director from Old Mutual Wealth.

Legg Mason has announced a deal to create a new global alternatives firm with over £18 billion in pro-forma assets under management and total assets of £20 billion.

Employers grappling with automatic enrolment face further headaches if a single flat rate of pension tax relief becomes reality, a pension firm director says, as he also warned it could become an active disincentive to save.

A Financial Planner hopes to entice new customers to his robo-advice firm by offering a £100 cut to its Financial Planning report fee.

The advent of new EU rules forcing firms to keep records of electronic communications including an “avalanche of content” on social media has prompted one business to double its UK team.