The aggregate surplus of DB pension schemes increased to £485.1bn at the end of October, according to the latest Pension Protection Fund (PPF) 7800 Index.

More than two fifths (44%) of people in the UK have not written a will, nor are they currently in the process of doing so, according to new research.

Fulcrum Asset Management has received regulatory approval to launch its first commingled Long Term Asset Fund, which it expects to do so on 29 November.

Challenger bank Metro Bank has been fined £16m by the Financial Conduct Authority for money laundering failings from 2016 to 2020.

PFS members have sensationally rejected two key motions at the AGM in Manchester in a serious blow for the board.

The PFS is to launch a major consultation exercise with members after they unexpectedly rejected two key motions at the AGM in Manchester yesterday.

One of the leading PFS rebels, Alasdair Walker of the OurPFS campaign group, has welcomed the "clear message" the AGM protest vote yesterday has delivered to the PFS and parent body the CII and said the future for the PFS now looks "more positive."

The Financial Conduct Authority has banned company director Leigh Mackey from working in financial services and fined him £1,102,879 for misleading the FCA and misusing funds due to insurers.

Fast-growing wealth manager and Financial Planner Advanta Solutions, owner of Chartered Financial Planner Advanta Wealth, has acquired south west-based City Financial Planning for an undisclosed amount, adding a further £800m of AUM. 

Financial Planning firm Perspective has appointed former Kingswood COO Harriet Griffin as chief operating officer, a new role for the group.