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The Financial Conduct Authority has secured an order of £4m against an unauthorised mortgage broker and its associates who it described as "sham brokers" who exploited vulnerable consumers.

Quilter Financial Planning, the restricted financial advice network of Quilter plc, has added four new appointed representative firms to its advice network.

High net worth individuals (HNWIs) in the UK significantly underestimate how much money they need for the retirement they want, with the average respondent misjudging by around half.

New figures from HMRC have revealed that pensions lifetime allowance (LTA) penalty charges added a record £516m to the Treasury’s coffers in 2022-23, the last full year before it was abolished in April this year.

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