The Financial Ombudsman Service (FOS) has been given the go ahead by the FCA to increase its maximum compensation award to £375,000 from 1 April.

SIPP provider Heritage Pensions Limited has gone into liquidation this week after a string of upheld claims against the firm.

More than half the UK population - 29.6m adults - do not have a will, including 36% of the over-55s.

Wealth manager and boutique investment management group Oberon Investments has reported expected revenues for the year ending 31 March will be at least £6.4m, up about 70% compared to the previous year. 

The regulated financial market failed to protect the British Steel Pension Scheme members, according to a damning report from the National Audit Office (NAO) into the wave of bad advice given to BSPS members.

Long Covid cases notified by employers with group income protection (IP) policies have surged over the past year, according to Aviva.

The FCA is to consult on allowing fund managers to ring-fence or 'side pocket' sanctioned Russian investments so the funds could continue to trade.

Financial Planner Tilney Smith & Williamson, which is re-branding to Evelyn Partners this summer, is to expand its presence in the North East with the Newcastle office doubling in size.

Perspective Financial, the rapidly expanding Financial Planning and wealth management group, has acquired four adviser firms to notch up a milestone of 50 takeovers so far.

Adviser network Tenet has opened a fourth regional hub in Lichfield as it expands its owned advice business Tenet&You.