The Financial Conduct Authority (FCA) has warned that its proposed redress scheme for the British Steel Pension Scheme (BSPS) scandal could see advice firms pay over £140m in compensation.

The Financial Conduct Authority (FCA) is to change its methodology for calculating redress for non-compliant pension transfer advice.

Platform Fundment and cashflow modeller CashCalc have teamed up to improve adviser tool integration.

The total amount of property wealth accessed via equity release hit a new high of £1.6bn in the second quarter of this year.

Fund manager JO Hambro Capital Management (JOHCM) has launched a global Shariah equity fund.

Over seven in ten (72%) over-60s are failing to plan for later life care, according to a new report.

Collective Defined Contributions (CDC), a new type of pension scheme, have been officially launched today.

The fund managers’ trade body - the Investment Association - has appointed Patrick Thomson, CEO, EMEA, of JP Morgan Asset Management, as its new chair. 

The Financial Conduct Authority is to introduce tougher rules to tackle “misleading adverts” that encourage consumers to invest in high-risk products. 

Financial Planning-focused wealth manager Kingswood has acquired Hants IFA Smith Pearman and Associates, its 6th acquisition of the year so far.