Two pension trustees have been jailed for their part in a £13m ‘pension liberation’ scam which saw hundreds of savers lose their pension pots following a fraudulent pension transfer.

Financial Planning clients are, mostly, demanding. They are, in the main, successful, professional people; often business owners or entrepreneurs.

Consumer confidence is in “freefall” - including the confidence of personal finance savers.

The FCA has expressed concerned about “weaknesses” in financial crime controls at some Challenger banks.

Pension consultancy and administrator XPS Pension Group has reported 8% growth in revenues over the past year thanks to strong growth in advisory revenue, according to a trading update ahead of its full year results in June.