UK DB pension surpluses hit a record £223bn in August against long-term funding targets, according to analysis from pensions consultancy XPS.

Fund manager JO Hambro Capital Management has appointed Bill Street as its new chief executive officer, subject to regulatory approval.

One in eight (13%) of retirees plan to cut back on gifting to children and grandchildren, according to a new study.

Hargreaves Lansdown has partnered with Schroders Capital to add two of its private markets long-term asset funds (LTAFs) to the platform.

Veteran Labour MP Pat McFadden has been appointed the new Work and Pensions Secretary in the latest Cabinet reshuffle, following the resignation of Angela Rayner on Friday.

Savings and retirement provider Phoenix will rebrand fully as Standard Life, one of its existing brands, from next March.

Former NASA physicist John Burford has been sentenced to two years in prison in a £1m UK investment fraud case, following a prosecution brought by the FCA.

The Chancellor Rachel Reeves risks a new ‘omnishambles’ Budget if she raids pension tax relief, a former Pensions Minister has warned.

Operations outsourcing firm eparaplan has rebranded to Yoke Global Limited to better reflect the services it offers financial advisers.

Deputy Prime Minister and Housing Secretary Angela Rayner has resigned from the government after an investigation into her tax affairs concluded she breached the ministerial code.