Mini-bond firm Blackmore Bonds has collapsed this week owing £45m to investors in a move that echoes the recent failure of £236m mini-bond firm London Capital & Finance.

A total of 546 firms have admitted to errors in their MiFID II transaction reporting to the FCA since the new requirements began just under two years ago, according to a study out today.

The number of customer complaints made to the Financial Ombudsman Service (FOS) relating to defined benefit transfers rose by 44% in 2018/19.

The managing director of global advisor firm Duff & Phelps has said Pension Freedoms have encouraged scammers.