The Serious Fraud Office has charged three men, including ex-IFA David Kennedy, with multiple offences following a long-running investigation into the collapse of the £120m Axiom Legal Financing Fund.

The Pensions and Lifetime Savings Association - the trade body that represents 1,300 pension schemes with 20m members - has joined the chorus of concern about the Government’s potential axing of the Retail Prices Index (RPI), the measure used to decide many annual pension increases.

The Association of British Insurers has warned that Government proposals to reform the calculation of the Retail Prices Index (RPI) could cost pension savers £122bn if plans go ahead to implement the changes from 2025.

Investors in the former Woodford Equity Income Fund will receive an additional £183m, meaning a total of almost £2.5bn will have been distributed to investors since the fund began winding up.

Former head of investment strategy at Brooks Macdonald and Moola founder Gemma Godfrey has joined Independent Wealth Planners as non-executive director overseeing investment management and consumer insight.

Jonathan McMahon, former chief operating office at St James’s Place, has written a book on the Coronavirus pandemic and how with purposeful leadership the 2020s does not need to be a “decade of crises or lost opportunities.”

Investment platform AJ Bell said the Government must ensure state pension data is available on the first version of pensions dashboards when they are launched in the UK.

Financial Planning firms should consider employee ownership as a possible succession or growth/values opportunity, according to law firm Stephens Scown.

Reports of investment scams rose 49% to a record high in July at banking giant Barclays, the highest ever number recorded.

HMRC says that 55,000 Child Trust Fund accounts are set to mature each month from September.