A minority of people have acted on financial advice they’ve seen on social media but the majority lost money as a result, according to a new study.

National IFA Chase de Vere has reported a 24.2% rise in pre-tax profits to £31.9m for 2024, up from £25.7m the previous year.

The aggregate surplus of DB pension schemes climbed to £230.5bn at the end of June, according to the latest Pension Protection Fund (PPF) 7800 Index.

Challenger bank Monzo has been fined £21,091,300 for inadequate anti-financial crime systems and controls between October 2018 and August 2020.

Employee-owned wealth manager and Financial Planner EQ Investors (EQI) has decided to remain independent after rejecting overtures from potential strategic partners.

Fast-growing financial Planner Finli Group, formerly Solomon Capital Holdings, has added a further six Financial Planning firms, to bring its total number of acquisitions in the last four months to 11.

SIPP savers are facing a ‘retirement mirage’ as their confidence about achieving a comfortable retirement outpaces their understanding of how they will achieve it.

Belmayne, the North Derbyshire firm of Financial Planners, has recruited Chartered Financial Planner Alex Napier to develop the firm’s reach into Sheffield.

Adviser platform business Wealthtime reported a 4% increase in AUA from £8.9bn to £9.2bn in the year to the end of December, despite challenging markets.

Two individuals have been sentenced to a combined 12 years in jail for their roles in a £1.5m crypto fraud.